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.

Egyptian workers wait for clients at a petrol station on July 5, 2014, in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system.

Egypt again raises fuel prices

The price of Brent crude oil actually recently fell to its lowest point in several months.

US President Joe Biden disembarks from his plane upon landing at Ben Gurion Airport,

Analysis

The Takeaway: Biden opens ‘new chapter’ with Middle East trip

Energy company touts oil for food for Syria; Ukraine’s ambassador in Turkey talks Russia; Iran’s unprecedented inflation; oil stoves make comeback in Lebanon; Sudanese civilians skeptical of moves by military leaders; and more.

Elizabeth Hagedorn

Andrew Parasiliti

By Elizabeth Hagedorn , Andrew Parasiliti

Iraqi Aqeel Hassan, one of the owners of private electric generators, is pictured on July 17, 2021, at his business in Baghdad's Sadr City.

Iraq diversifies, expands sources of energy and electricty

Iraq is looking to Arab partners to help expand energy production and imports to meet summer demand.

NIKOLAY DOYCHINOV/AFP via Getty Images

Turkey looks to import gas from Turkmenistan, test exports to Bulgaria

Turkey and Turkmenistan are working on a gas deal that will likely extend to Europe in a bid to reduce Western dependency on Russian gas.

A general view taken on January 6, 2015, shows the Mellitah Oil and Gas terminal on the outskirts of Zwara in western Libya.

Reports: Libya denies cutting gas exports to Italy

Italy wants Libya to boost its gas exports to Europe in an effort to reduce the continent’s energy dependence on Russia.

RAMI AL SAYED/AFP via Getty Images

Energy company touts oil-for-food scheme as Syrian aid route tightens

With Syria's sole remaining route for cross-border aid in peril, a London-based oil company is lobbying for an initiative that would see the proceeds of Syrian oil being used for aid, with the money going to the UN rather than Damascus.

Iran's Foreign Minister Hossein Amir-Abdollahian gives a joint press conference with his Russian counterpart Sergey Lavrov.

US unveils fresh sanctions on Iranian oil trade network

The Biden administration designated 15 individuals and entities located in Iran, Vietnam, Singapore, the United Arab Emirates and Hong Kong.

The beach in Beit Lahia looks out on the towers of an Israeli power plant in the city of Ashkelon, Gaza Strip, Dec. 15, 2021.

Egypt ready to help with Gaza Marine natural gas field

Palestnian officials claim the project has been complicated by Israel, which controls the coastal waters off Gaza.

STEFANI REYNOLDS/AFP via Getty Images

Biden says he won't ask Saudi Arabia to pump more oil during trip

President Joe Biden also downplayed his expected meetings with Saudi leaders, including Crown Prince Mohammed bin Salman.

Syria gas

Egypt ready to export gas to Lebanon once US grants waiver

Egypt plans to export the agreed-upon 650 million cubic meters of natural gas annually in order to alleviate Lebanon's energy shortage.

Algeria's President Abdelmadjid Tebboune speaks.

Algeria to maintain gas supplies to Spain despite dispute

Algeria's announcement concerning the immediate suspension of the treaty of friendship and good neighborliness concluded with Spain in October 2002, after Madrid’s radical change of position on the Western Sahara issue on March 18, will not have negative consequences on gas contracts signed by the two countries.

Palestinian bread baker

World Bank official: Lebanon, Yemen, Syria most food-insecure in region

Many states across the Middle East and North Africa meet the criteria for food insecurity, experts said at a US Institute of Peace event.