Oil and gas

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on February 9, 2026. (Photo by Amjad Kurdo / Middle East Images / AFP via Getty Images)

Exclusive

US firm HKN Energy takes over 7 oil fields from Syria's Kurds

HKN Energy has begun operating seven oil fields under a 25-year agreement with Damascus, marking the first major production-sharing deal between Syria's new government and an international oil company.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Scott Olson/Getty Images

Explainer

US strategic oil stockpile nears four-decade low as Iran war drags on

The US Strategic Petroleum Reserve fell to 349.2 million barrels amid the global energy shock caused by the war in Iran.

A long convoys of Iraqi diesel-laden tanker trucks line up along the highway Tartus-Baniyas highway as they wait to unload their cargo at the Baniyas port refinery on the Mediterranean Sea, on April 15, 2026.

Syria says Iraqi oil shipments surge as Damascus courts foreign energy investment

Speaking at the Atlantic Council Global Energy Forum in Washington on Tuesday, Syrian Petroleum Company CEO Yousef Qiblawy said Iraq's overland oil exports through Syria have expanded rapidly in recent months.

https://www.al-monitor.com/originals/2026/06/will-pashinyans-victory-armenia-be-enough-unlock-peace-turkey-azerbaijan

Explainer

Venezuela’s Delcy Rodriguez meets Erdogan in surprise Turkey visit: What to know

Venezuelan acting President Delcy Rodriguez visited Turkey as part of Caracas' post-Maduro diplomatic outreach, seeking to deepen ties with Ankara in energy, trade and mining despite the continued constraints of remaining US sanctions.

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Algeria begins work on Trans-Saharan gas pipeline to Europe

BOUREIMA HAMA/AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

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Explainer

How Iran war created unexpected economic beneficiaries

Amjad Kurdo / Middle East Images / AFP via Getty Images

After Gulf attacks, Rubio faces pushback on 'war is over' claim

US Secretary of State Marco Rubio testifies during a House Committee on Foreign Affairs hearing in the Rayburn House Office Building on June 03, 2026, in Washington. The hearing was held to examine the State Department's budget request for fiscal year 2027.

The Suez Rajan is pictured in this undated photo.

US finally unloads Iranian oil from seized tanker

The Iranian oil aboard the Suez Rajan sat unloaded off the coast of the United States for months amid threats from Iran, causing concern in Congress.

Eilat coral

Israeli environmental report warns of threats to Eilat coral reef

Following an alarming report by the Ministry of Environmental Protection, Israeli environmentalists are calling for tighter limits on oil shipping in the Gulf of Eilat.

KARIM JAAFAR/AFP via Getty Images

Hungary inks deal for Qatari gas

Hungary and Qatar have signed a gas exportation deal as Europe diversifies its energy sources.

A tugboat passes a ship docked on a stretch of the Houston Ship Channel, part of the Port of Houston, on March 6, 2019 in Houston, Texas.

US lawmakers question if Iranian 'intimidation effort' delaying seized oil transfer

American shipping companies have reportedly been reluctant to offload Iranian oil from a tanker anchored off the coast of Texas.

This picture taken on Dec. 11, 2019, shows an oil tanker at the port of Ras al-Khair.

Saudi oil exports fall to 21-month low

The decline in the kingdom’s oil exports follows its production cuts as well as those of Russia. Saudi Arabia may face difficulties maintaining price stability moving forward.

Beirut airport

Offshore gas rig sets up in cash-strapped Lebanon

The arrival of the machinery marks a significant development for Lebanon, which hope gas exploration will revive its ailing economy.

Then-Crown Prince of Abu Dhabi Sheikh Mohammed Bin Zayed Al Nahyan (C) with Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) before a ceremonial reception at the Indian President's house in New Delhi on Jan. 25, 2017.

How significant is India's first ever use of rupees for UAE oil payment?

Abu Dhabi National Oil Company (ADNOC) received the rupee payment of an undisclosed amount from Indian Oil Corp., according to an Indian Embassy statement acquired by Reuters.

United Arab Emirates

Saudi refinery

Analysis

Russia’s oil sales to China hurt Saudi revenue despite increased demand

Despite oil prices maintaining a seven-week rally and crude demand expected to reach record highs in 2023, the burden of maintaining higher oil prices is pushing Saudi Arabia to the limit.

By Salim A. Essaid

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

UAE's ADNOC to expand gas processing with $3.6 billion contract

ADNOC Gas announced it would award the contract to a joint venture between ADQ state-fund-owned National Petroleum Construction Company and Spain’s Tecnicas Reunidas.

United Arab Emirates

AFP via Getty Images

Iran says daily oil output to hit 3.5M barrels in September

Iran's oil output will reach 3.5 million barrels per day by Sep. 22, the state-run news agency reports.

The sun sets behind road lamps along a highway in El-Shorouk.

Egypt’s power cuts persist amid heat, declining natural gas production

Egypt wants to export more natural gas, including in cooperation with neighboring Israel, but domestic production is declining amid the government’s efforts to reduce consumption.

From Beijing to Chengdu, UAE’s ENOC establishes first China jet fuel network

The Dubai government-owned oil and gas company said the expansion will extend to strategic cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu.

United Arab Emirates