Oil and gas

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

Brent crude prices briefly jumped back above $80 per barrel on Wednesday as traders digested conflicting signals about efforts to end the war and reopen Hormuz.

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

3 Iranian tankers with 4.8M barrels of oil pass US blockade: What to know

At least three US-sanctioned Iranian-flagged tankers have exited the Gulf of Oman as the Trump administration eyes Tehran's moves ahead of sanctions waivers expected to begin Friday.

Jared Szuba

In Washington, DC, reporting on defense, national security, military

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.

Latest News

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

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.

Explainer

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

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

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

AFP via Getty Images

Egypt's Deputy Foreign Minister Hamdi Sanad Loza (R) meets with his Turkish counterpart, Sedat Onal (L), in the Foreign Ministry headquarters in the Egyptian capital, Cairo, on May 5, 2021. Turkey and Egypt have begun slowly warming ties as they vie for regional primacy a decade after the Arab Spring, but analysts say deep-seated mistrust means full normalization will take time.

Egypt sets conditions for full normalization with Turkey

Egyptian Foreign Minister Sameh Shoukry laid down several conditions that would serve as a basis for normalizing ties with Turkey, in light of the recent attempts at rapprochement between the two countries.

A man drives a motorcycle past a makeshift refinery using burners to distill crude oil in the village of Bishiriya in the countryside near the town of Qahtaniya west of Rumaylan (Rmeilan) in Syria's Kurdish-controlled northeastern Hasakeh province, on July 19, 2020.

Biden administration poised to ax US oil company’s waiver for Kurdish-led northeast Syria

The decision to withdraw the waiver to produce and sell oil in Syria has been presented by administration officials as a policy correction, not a shift.

An employee of the Kuwait Oil Company (KOC) looks at 25 January 2005 the Gathering Center No.15 of al-Rawdatain field, 100 kms north of Kuwait City, following its inauguration just three years after coming under explosion.

Fire breaks out at Kuwait's largest oil field

Two workers were injured at the Greater Burgan field in southeast Kuwait.

Western Desert, 1942 Battle of El Alamein

Egypt rolls out $1 billion for oil exploration in Western Desert

Egyptian companies are planning more than $1 billion in investments in the oil and natural gas sector in the Western Desert region.

Amin Nasser

Saudi oil company Aramco reports profit increase for start of 2021

The Saudi state-owned oil company's profits went up 30% due to the improved global economy amid the continued COVID-19 pandemic, according to its CEO.

DONT USE - Gulf Pulse

Iraq's oil minister Ihsan Abdul Jabbar (C) attends the inauguration of a new gas compressor station in the Rumaylah oil field near Iraq's southern port city of Basra on Feb. 28, 2021.

Iraqi, Syrian oil ministers discuss gas imports

The Iraqi and Syrian oil ministers talked about the possibility of transporting Egyptian gas to Iraq through Syria during a meeting in Baghdad.

In this handout image provided by Albatross, the Tamar drilling natural gas production platform is seen some 25 kilometers west of the Ashkelon shore in February 2013 in Israel.

Israeli company sells shares in natural gas field to Emirati group

In a demonstration of the economic dividends of the Abraham Accords, Abu Dhabi's Mubadala Petroleum is buying Israeli Delek Drilling’s shares in the Tamar natural gas field.

Sudanese repair crew work at the Heglig oil facility, after Sudan started pumping oil again from the war-damaged oil field on May 2, 2012, 12 days after occupying South Sudanese troops left the area.

Did Egypt make concessions in Halayeb and Shalateen issue to satisfy Sudan?

Sudan’s Ministry of Energy and Oil announced the updating of the map of the oil blocs in Sudan to be put up for international oil and gas investment, which includes blocs in the disputed area of Halayeb and Shalateen with Egypt, which raises questions as to possible new agreements between the two sides.

LNG powered ship

Qatar LNG expansion plan turns spotlight back on methane emissions

The natural gas industry is a major emitter of methane, a powerful greenhouse gas that receives less attention than carbon dioxide, despite having a much higher warming potential.

Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Egypt eyes liquefied gas exports to Asian markets

For the first time in eight years, Egypt resumed operations of its two liquified natural gas stations in Idku and Damietta, a step many experts say would turn Cairo into a regional hub for LNG exports.

A handout picture released by the Suez Canal Authority on March 24, 2021 shows a part of the Taiwan-owned MV Ever Given (Evergreen), a 400-metre- (1,300-foot-) long and 59-metre wide vessel, lodged sideways and impeding all traffic across the waterway of Egypt's Suez Canal. - A giant container ship ran aground in the Suez Canal after a gust of wind blew it off course, the vessel's operator said on March 24, 2021, bringing marine traffic to a halt along one of the world's busiest trade routes. (Photo by Suez

Freeing jammed Suez Canal ship could take 'days to weeks'

Eight tugboats are working to refloat the Ever Given, which has been wedged sideways in the Suez Canal since Tuesday.

A thaw in Turkey’s relations with Egypt?

Gulf Cooperation Council reconciliation may have set in motion Ankara’s desire for a reset with Cairo.