Turkey launches first overseas drilling mission in Somalia: What to know A drilling ship has reached Somalia to start Turkey's first overseas drilling mission as regional rivalry heats up in the Horn of Africa. Turkey
Analysis How fast can Gulf energy production rebound after US-Iran ceasefire? The truce could pave the way for lost oil and LNG supplies to flow back to global markets, but restoring Gulf energy production to normal levels could take months, if not longer. By Samuel Wendel In Washington, DC, reporting on regional business and tech
EIA hikes 2026 oil price forecasts 22% as Hormuz fuels long-term market fallout In its latest update, the agency said international benchmark Brent crude is now expected to average $96 per barrel in 2026, up from $79 previously, with higher prices now expected to last through 2027. Iran
Iran threatens energy shock, ups Gulf strikes ahead of Trump deadline: What to know Majid Mousavi, head of the IRGC Aerospace Force, declared the start of a “new phase” of the war in response to US threats to target key Iranian civilian infrastructure. Iran
Analysis How the Iran war can help Syria manage Turkey and its regional rivals By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Fourth Turkish drilling ship begins energy exploration in Mediterranean Past Turkish energy exploration activities took place in waters claimed by Greece and Cyprus, leading to significant tensions. Turkey
Saudi Arabia-China relations strengthen with Aramco-Sinopec deal The ties between China and Saudi Arabia are largely based on trade and energy cooperation. Saudi Arabia
Breaking | Last Updated: August 3, 2022, 11:48 am OPEC+ agrees to small oil production increase US President Joe Biden may have been hoping for a larger boost in production. Legacy: Gulf
Is Russia escalating Jewish Agency crisis because of Israel's stance on Ukraine? Some Israeli security and diplomatic experts believe that Russian President Vladimir Putin instigated the Jewish Agency crisis to pressure Israel against selling natural gas to Europe. Israel
Saudi Aramco acquires lubricant giant Valvoline Aramco has been investing in futuristic technology amid high oil prices and profits. Legacy: Gulf
Turkey raises inflation forecasts The Turkish lira is also again falling close to historically low levels against the US dollar. Turkey
Turkey, Russia gas ties grow contentious amid Ukraine war Russian gas giant Gazprom’s sudden “maintenance" shutdown of a major pipeline carrying gas to Turkey coincided with the talks over Finland's and Sweden’s NATO membership bids. Turkey
Iran says US dollar officially ditched in trade with ally Russia The Islamic Republic took the step following the Russian president's meeting with Iran's leader in Tehran, where the two explored options on how to push back on international sanctions. Iran
Kadhimi, Barzani meet in Baghdad to address oil, budget issues Masrour Barzani, prime minister of the Kurdistan Regional Government of Iraq, met July 24 with Iraqi officials in Baghdad, including Iraqi Prime Minister Mustafa al-Kadhimi, reportedly discussing the establishment of a new energy government for the Kurdistan Region. By AL-MONITOR Staff
Jordan increases renewable energy use Jordan does not have large oil and gas reserves, unlike other countries in the region. Jordan
Hezbollah, Israel tensions heat up over border US-led mediation over Israel's maritime borders with Lebanon complicated by border tensions with Israel. Israel
Abu Dhabi National Oil Company to work with France’s TotalEnergies on carbon capture The deal came during UAE President Sheikh Mohammed bin Zayed Al Nahyan’s visit to France, where he strengthened energy relations with the European country. The two countries have grown closer over Libya and energy exploration in the Eastern Mediterranean. Legacy: Gulf
