Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the civil war. Syria
Kuwait to open offshore oil, gas fields to foreign firms: What to know The Gulf country and OPEC member has made significant oil and gas discoveries since 2023. Kuwait
How US-India trade deal could impact Mideast energy, trade routes The United States and India struck a trade agreement on Monday that eases months of tension between the two countries and could influence Gulf oil flows and economic integration. Saudi Arabia
UAE’s MBZ reportedly cancels Japan visit amid US-Iran standoff: What to know While tensions remain high between the US and Iran, both sides are reportedly moving toward renewed nuclear talks. United Arab Emirates
Analysis Saudi Arabia downsizes megaprojects, chases cash amid AI push By Samuel Wendel , Jack Dutton
Analysis Egypt walks tightrope between Turkey thaw and warmer Cyprus, Greece ties Analysts believe Egypt's rapprochement with Turkey will not affect its long-standing relations with Cyprus and Greece given the mutual benefits they share. By Sara Sherif
Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity Syria’s electricity grid needs extensive expansion after 14 years of civil war. Syria
US backs more energy investment in Kurdistan region: Energy secretary Speaking at the Al-Monitor Global Institute event, US Energy Secretary Chris Wright signaled American support for further investment in Iraqi Kurdistan’s hydrocarbon resources. Iraq
AI chips, drones, jets: A look at Trump's $3.2 trillion megadeals during Gulf trip Amid photo ops and lavish receptions, President Donald Trump’s Gulf trip yielded $3.2 trillion in announced deals with Saudi Arabia, Qatar, and the UAE — though some details remain vague. United States
Turkey, Iraq leaders tout cooperation in Ankara, but major disputes persist The Turkish and Iraqi leaders signed 11 cooperation deals in Ankara, but talks yield no apparent breakthrough on suspended oil exports or electricity flow. Turkey
Goldman Sachs lowers oil forecast after OPEC+ boosts production: What to know Saudi Arabia, Russia and other members of OPEC+ announced another major production increase, sending oil prices below $60 a barrel. Saudi Arabia
OPEC+ moves up meeting as oil prices continue to drop: What to know Saudi Arabia has signaled it is willing to live with lower oil prices as US President Donald Trump calls for more production. Saudi Arabia
Kuwait renews Shell deal as it seeks to hit 4-million-bpd capacity target Kuwait, which has one of the lowest costs of production in the world, has lagged behind its regional peers in expanding oil production capacity. Kuwait
China’s Sinopec, Saudi Aramco to establish $4B energy venture: What to know The joint venture will engage in port operations, crude oil transportation and other activities at the refinery and petrochemical complex in the Gulei Port Economic Development Zone in Zhangzhou, in China's Fujian province. Saudi Arabia
Exclusive Turkey stops electricity sales to Iraq after Baghdad fails to settle $70M+ bill Turkey halted electricity exports to Iraq over unpaid dues, straining ties as Baghdad faces a summer power crunch and unresolved Kurdish oil disputes. By Amberin Zaman Reporting on geopolitics, minorities, human rights, culture
Saudi Arabia, UAE, Qatar face uneven 2025 growth as trade tensions rise: IMF While Gulf economies face only the Trump administration’s baseline 10% tariffs, the levies have already impacted oil prices and revenue, especially for rentier states like Saudi Arabia. Saudi Arabia
UAE’s ADNOC inks deal with China’s largest offshore producer as US tariffs bite A third LNG deal has been struck between a Chinese entity and the Abu Dhabi National Oil Company as Beijing scrambles for alternative sources to replace the US supply. United Arab Emirates
