Oil and gas

A man wearing a traditional cloth walks past national flags of Algeria near the Bay of Algiers in Algiers, on Aug. 25, 2022.

Analysis

Algeria hails new $60B energy plan but price slump threatens reform push

The OPEC member recently held its first oil and gas licensing round in a decade, attracting significant international interest and awarding five of six onshore blocks, signaling progress in its energy ambitions despite ongoing challenges.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Russian Foreign Minister Sergei Lavrov chairs the annual meeting of the Caspian Sea littoral states foreign ministers, known as the Caspian Five, in Moscow, on Dec. 5, 2023.

Iran, Russia, Central Asia states ink Caspian Sea pact, plan naval drills

The navies of Iran, Russia, Azerbaijan and Kazakhstan signed a comprehensive strategic cooperation agreement on Wednesday, aimed at strengthening security in the Caspian Sea basin as the four countries deepen their relations.

A picture taken from a station of Dubai's Palm Monorail, shows traffic on a road in Palm Jumeirah on August 28, 2025.

World Bank ups Middle East 2025 economic outlook as oil, tourism rebound

The lender expects gross domestic product growth in the region to average 2.8% this year, up from its April forecast of 2.6%.

People walk past a branch of Turkish bank HalkBank on Dec. 1, 2017 in Istanbul, Turkey.

Supreme Court clears path for Turkey’s Halkbank trial over Iran sanctions

The Turkish president personally raised the Halkbank case with US President Donald Trump at the White House, as Ankara pushes for a settlement to avoid a drawn-out legal battle.

Latest News

Kuwait seeks renewable energy boost as 14 GW power expansion plan takes shape

The sun sets behind overhead power lines as the Kuwaiti Ministry of Electricity requested citizens to ration their electricity usage at peak times due to outages caused by the increased pressure on power stations amid soaring temperatures and heightened energy demand, Kuwait City, Kuwait, June 19, 2024.

Analysis

Egypt’s renewable power jumps 34% as country tackles energy crunch

wind farm

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

What’s next for Saudi Arabia’s budget balancing act as deficit doubles?

A Riyadh Metro train makes its way along a track in the middle of a road in Riyadh on December 3, 2024.

Iran rial hits record low 1.13M to dollar as UN snapback sanctions resume: What to know

Iranians drive next to a billboard displaying pictures of nuclear scientists, centrifuges and a sentence reading in Farsi, "Science is the power," at the Enqelab Square in Tehran, on Aug. 29, 2025.

Traders follow the movement of stock prices at the Boursa Kuwait (Kuwait Stock Exchange) in Kuwait City on March 2, 2022.

Kuwait benefits from oil price boom but long-term economic challenges loom

Key reforms and a lack of a diversified economy remain only two of Kuwait's major challenges.

Getty

Israel agrees for Qatar to drill in Lebanese maritime gas field

After agreeing for TotalEnergies and Eni to go ahead with exploration drilling at the Lebanese cross-border Kana-Sidon reservoir, Israel has approved the Qatari Energy Consortium to buy the drilling rights.

Global inventory of greenhouse gas emissions, at the UNFCCC COP27 climate conference,

Egypt, US, Germany launch plan to reduce methane emissions

The COP27 initiative seeks to accelerate Egypt's green energy transition.

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.