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.

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.

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.

(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.

Saudi Arabia's Minister of Energy Abdulaziz bin Salman.

Saudi Arabia criticizes Biden over oil reserve release

The US president recently announced that he would sell some emergency oil reserves in response to the Saudi-backed oil supply cut.

JALAA MAREY/AFP via Getty Images

Israel moves to reduce industrial greenhouse gas emissions

Ahead of the COP27 climate summit in Egypt next month, the Israeli government is focused on reducing greenhouse emissions within the industrial sector.

KHALED DESOUKI/AFP via Getty Images

How OPEC+ production cut will impact Egypt

Experts say the OPEC+ decision to cut oil production won't hit Egypt as hard as some other countries.

US President Joe Biden delivers remarks on energy.

Biden announces release of oil reserves following Saudi-backed oil cut

One analyst said the move will not elicit a reaction from Saudi Arabia, which is in a dispute with the Biden administration over the recent OPEC+ oil production decision.

Tunisians line up with their vehicles outside a gas station, Tunis, Tunisia, Oct. 13, 2022.

Fuel shortage, long queues anger Tunisians

Tunisians are growing angry amid successive crises, most recently a fuel shortage, while the government sits idle.

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan.

Putin’s 'gas hub’ plan aims to bolster Erdogan's image

Erdogan has accepted Putin’s offer to create a “gas hub” in northwest Turkey. But what is a gas hub? Is it workable? If realized, what impact would it have?

US National Security Council Coordinator for Strategic Communications John Kirby.

Breaking | Last Updated: October 13, 2022, 7:05 pm

Saudi Arabia's defense of OPEC+ cuts draws sharp US rebuke

The United States and Saudi Arabia are offering differing accounts of OPEC+'s decision to cut oil production.

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

Abu Dhabi announces nearly $1 billion drilling contract

Oil and gas remain a major part of the Emirati economy, despite recent investments in renewable energy and green technology. The contract comes as the UAE gets ready to provide gas to Germany amid the war in Ukraine.

United Arab Emirates

United Nations peacekeeping vehicle drives to Naqura, the southernmost Lebanese town by the border with Israel.

Israeli PM acknowledges role of Biden, Macron in Lebanon maritime deal

Israel's Prime Minister Yair Lapid confirmed this evening publications in France over the significant role played by French President Emmanuel Macron in reaching the maritime agreement with Lebanon.