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.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Israel, Cyprus to resolve disagreement over maritime gas field

Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent.

Halfaya oil field in the al-Kahla district in the city of Amara south of Baghdad on July 26, 2022.

Abu Dhabi port operator signs oil transport deal with Iraqi firm

AD Ports Group is seeking to expand its international business, recently making agreements in Egypt and Uzbekistan to this end.

Kevin Dietsch/Getty Images

Breaking | Last Updated: September 29, 2022, 6:42 pm

US unveils new sanctions targeting Iran’s oil sales

The Biden administration on Thursday blacklisted entities in China, Hong Kong, Iran, India and the United Arab Emirates over their alleged involvement in Iran’s petrochemical trade.

Residential buildings are seen unilluminated in the evening on Sept. 10, 2022, in Berlin, Germany.

UAE to help Germany reduce dependence on Russian gas

Qatar is also reportedly close to supplying the European country with natural gas amid the Ukraine war.

United Arab Emirates

French President Emmanuel Macron (R) and Iraqi Prime Minister Mustafa al-Kadhimi shake hands during a meeting in New York.

Iraqi prime minister emphasizes Iraq's role in regional stability at UN

The Iraqi prime minister highlighted Iraq's main issues and the country's regional and international significance at the UN General Assembly.

Israel gas

Natural gas profits finally put Israel's wealth fund into business

After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments.

The platform of the Leviathan natural gas field in the Mediterranean Sea

Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.

A general view taken on May 29, 2019, shows the seafront promenade in the Emirati capital, Abu Dhabi, with the ADNOC headquarters.

Dubai supplier to replace coal with natural gas in bid to reduce carbon emissions

The Abu Dhabi National Oil Company signed an agreement to provide Dubai with natural gas, which will be used to generate electricity. Natural gas is a relatively clean fuel but does lead to carbon emissions.

United Arab Emirates

Lebanese protesters sail in boats with slogans affirming Lebanon's right to its offshore gas wealth, near a border-marking buoy between Israel and Lebanon in the Mediterranean waters off the southern town of Naqoura, Sept. 4, 2022.

Why Hezbollah won't torpedo Lebanon's maritime border talks with Israel

Israeli sources believe that Hezbollah Secretary-General Hassan Nasrallah realizes how important it is for economically failing Lebanon to reach an agreement with Jerusalem on its maritime border and the extraction of natural gas.

Egypt solar

Energy, dams boost Egypt’s clout in Africa

Egypt has emerged as a regional energy power in recent years and is using its electricity and gas surpluses and experience in building dams to boost its foothold in Africa.

A general view of Saudi Aramco's Abqaiq oil processing plant on Sept. 20, 2019.

Oil prices fall following Saudi-backed OPEC+ production cut

The decrease in production could be a message from Saudi Arabia to the US over the Iran nuclear deal.

Tourists ride camels on the shores of the town of Dahab, southern Sinai Peninsula, Egypt, May 12, 2017.

Oil spill darkens Egyptian tourist town

Ahead of the Cop27, an oil spill in Egypt highlights the country’s inability to deal with environmental disasters.