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

Oil prices continue to rise as Saudi Arabia and Russia talk production

The price of Brent crude continued to increase above its pre-pandemic levels during the OPEC+ meeting Thursday.

How Egypt benefits from gas agreement with Israel

Egypt and Israel agreed to establish a pipeline connecting Israel’s offshore Leviathan natural gas field to the liquified natural gas terminal in Egypt, a move that was hailed as a major step toward economic, political and security gains for Cairo.

Egyptian energy minister on rare visit in Israel

Egyptian Petroleum and Mineral Resources Minister Tarek el-Mulla visited Israel yesterday to advance the regional gas forum, meeting with Prime Minister Benjamin Netanyahu, Energy Minister Yuval Steinitz and Foreign Minister Gabi Ashkenazi.

A general view shows an oil installation on the outskirts of In Amenas, deep in the Sahara near the Libyan border, on January 18, 2013. Islamist hostage-takers at a nearby gas field in the area, more than 1,300 kms southeast of the capital Algiers, demanded a prisoner swap and an end to the French military campaign in Mali, a report said, while 30 foreigners were reported still missing in the worst international hostage drama for years. AFP PHOTO/FAROUK BATICHE (Photo credit should read FAROUK BATICH

Algeria: Running on fumes

Unless oil prices go way up, Algeria is in a world of hurt.

Turkey to purchase fourth drilling ship to expand energy projects

Amid maritime boundary disputes in the eastern Mediterranean and after a 2020 gas field discovery the Black Sea, Turkey’s state-owned oil and gas company is finalizing the purchase of a fourth drilling ship to expand its energy development activities.

Picture shows Iranian supertanker Grace 1 off the coast of Gibraltar on August 15, 2019. - Gibraltar's Supreme Court ruled today to release an Iranian supertanker seized last month on suspicion of shipping oil to Syria in breach of EU sanctions, despite a last-minute US request to detain the vessel. (Photo by JORGE GUERRERO / AFP) (Photo by JORGE GUERRERO/AFP via Getty Images)

Iran demands answers from Indonesia over seized oil tanker

Indonesia seized an Iranian fuel tanker on Sunday, accusing the vessel of failing to respond to radio calls and disabling its identification system.

Oil prices at highest since February 2020 following Saudi output cut

Oil producers are concerned that the continued COVID-19 pandemic could hurt demand.

Iran to 'urgently resume' gas shipments to Iraq following weeks of cutbacks

Tehran has been reducing its gas exports to Baghdad due to unpaid bills, worsening an already critical energy situation.

Daewoo fulfills Iraq’s Faw Port despite obstacles

Iraqi government voted for signing a contract with the Korean company Daewoo to finish Faw Port project.

Oil ministers attend the 176th meeting of the Organization of the Petroleum Exporting Countries (OPEC) conference and the 6th meeting of the OPEC and non-OPEC countries on July 1, 2019 in Vienna, Austria. (Photo by JOE KLAMAR / AFP) (Photo credit should read JOE KLAMAR/AFP via Getty Images)

Gulf oil exporters cautiously optimistic for 2021

A new COVID-19 strain and the possible return of Iranian crude to global markets could inflict “short-term pains” to Gulf oil producers whose local populations hold on to the oil era.

UAE joins Egypt-led Eastern Med Gas Forum

Abu Dhabi announced that it has joined the Eastern Mediterranean Gas Forum based in Cairo, as part of efforts to counter Turkey’s ambitions in the area.

Exhibitors and visitors attend the Saudi Arabia Renewable Energy Investment Forum (SAREIF) on April 17, 2017, in Riyadh. / AFP PHOTO / FAYEZ NURELDINE (Photo credit should read FAYEZ NURELDINE/AFP via Getty Images)

Gulf oil producers scramble to catch up on renewables

The coronavirus pandemic has pushed Gulf leaders to realize the region needs to accelerate its shift toward renewables; environmental activists accuse the Gulf states of double-talk.