Oil and gas

A man walks past a mural depicting slain commander of the IRGC's Quds Force Qasem Soleimani in Caracas, Venezuela, on April 26, 2024.

Iran defense chief visits Venezuela, talks energy, trade: What we know

Iran and Venezuela are working to repair oil ties after the reimposition of US sanctions on the South American country and the looming return of President Donald Trump to the White House.

TPAO

Turkey’s big plan to launch IPOs for state energy companies: What we know

Turkey's financial recovery travails are likely to be the key reason for the change in energy policy.

Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman (C) inspects a guard of honour during a ceremonial reception at the President House a day after the G20 summit in New Delhi on September 11, 2023. (Photo by Money SHARMA / AFP) (Photo by MONEY SHARMA/AFP via Getty Images)

Analysis

What to make of Saudi-Iranian flurry of diplomatic activity, military channels?

A high-level military meeting between Saudi Arabia and Iran on Sunday marked another in a series of recent diplomatic engagements between the two nations.

Rosaleen Carroll

By Rosaleen Carroll

In Washington, DC, US, reporting on the Middle East

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion.

United Arab Emirates

Latest News

Middle East markets rally after Donald Trump's election victory

Former US President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on November 6, 2024. Donald Trump claimed victory and pledged to "heal" the country on November 6, 2024 as results put him on the verge of beating Kamala Harris in a stunning White House comeback. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3%

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How Trump, Harris presidencies could impact Middle East oil markets

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf.

Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018.

Saudi Crown Prince Mohammed bin Salman (L) speaks with South Korean President Moon Jae-In (not pictured) during a meeting at the Presidential Blue House, Seoul, South Korea, June 26, 2019.

Saudi Aramco makes $7 billion investment in South Korea during crown prince’s visit

Saudi Crown Prince Mohammed bin Salman is seeking to boost energy, defense and investment cooperation with Seoul during his trip.

A picture shows an oil facility in the Khark Island, on the shore of the Gulf, on February 23, 2016.

Breaking | Last Updated: November 17, 2022, 5:09 pm

US sanctions firms in China, UAE over Iranian oil sales

The latest sanctions follow designations for Iranian state-run media staff and firms sending drones to Russia.

Algeria's President Abdelmadjid Tebboune delivers a speech during a signing ceremony in the pavilion of honor at Algiers airport, Algiers, Algeria, Aug. 27, 2022.

Algeria forces Russia to make concessions

As the war in Ukraine carries on, the list of problematic issues between Algeria and Moscow is growing.

Algeria's Energy Minister Mohamed Arkab.

Turkey eyes risky energy partnership with Algeria

Turkey’s plan for joint oil and gas exploration with Algeria raises the specter of operational and financial challenges for a country already under economic strain, experts say.

Cars are seen driving past a sales office of Iranian auto manufacturer Saipa group, Tehran, Iran, Sept. 12, 2015.

Iranian carmaker Saipa prepares first export to Venezuela

Cooperation between Iran and Venezuela now goes beyond oil.

An Iraqi worker adjusts a control valve at the Daura oil refinery, Baghdad, Iraq, Nov. 5, 2009.

Iraq expands refining capacity to reduce oil product imports

Many of the refineries in Iraq are outdated and operate below capacity.

People wave flags of Libya (R) and Turkey (L) during a demonstration in Martyrs' Square, Tripoli, Libya, June 21, 2020.

Libya derails Egypt-Turkey rapprochement

Egypt-Turkey talks to normalize their relations were halted in the wake of Ankara’s recent oil deal with Libya's Tripoli-based government.

Libyan Foreign Minister Najla al-Mangoush (R) and Turkish Foreign Minister Mevlut Cavusoglu.

Libya differences stall Turkey-Egypt fence-mending

Turkey’s moves in Libya have undermined its fledgling dialogue with Egypt, even as Ankara took a number of measures to restrict Brotherhood exiles to please Cairo.

Supporters of Hezbollah hold up their phones and wave the party flag during a celebration marking the 40th anniversary of the Shiite movement creation in southern suburb of Beirut on Aug. 22, 2022.

Breaking | Last Updated: November 17, 2022, 12:36 pm

US sanctions oil shipping network supporting Hezbollah, Quds Force

The Treasury Department accused a Gulf-based group of individuals and front companies of concealing the Iranian origins of oil shipments.

Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital, Riyadh, on Nov. 13, 2019.

Saudi Aramco continues to reap big profits

The Saudi oil giant has been investing in futuristic technology as it benefits from high oil prices.

Participants attend the Abu Dhabi International Petroleum Exhibition and Conference, Abu Dhabi, Emirates, Nov. 11, 2019.

US, UAE sign clean energy partnership

The agreement unlocks $100 billion in financing.

(From L to R) Moderator Joha Simpson, BBC world affairs editor broadcaster, author and columnist, UAE Energy Minister Suhail Al Mazrouei, Omani Oil and Gas Minister Mohamed Al Rumhi and Bahrain's Oil and Gas Affairs Minister Mohammed Bin Khalifa Al Khalifa sit on a panel during the Abu Dhabi International Petroleum Exhibition and Conference), Abu Dhabi, Emirates, Nov. 7, 2016.

UAE warns against underinvestment in oil, gas at Abu Dhabi conference

The Abu Dhabi International Petroleum Exhibition and Conference also features more focus on decarbonization and hydrogen.