Qatar locks in US LNG through 2054 as it looks beyond Hormuz The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054. Qatar
Gulf oil exports surpass prewar levels despite escalating tanker attacks According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption. Bahrain
Analysis As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege? The country's last barrels of crude stockpiled beyond the reach of a US naval blockade fell to zero in October, raising the stakes for Tehran amid mounting economic distress. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis How much oil can cushion another Middle East supply shock? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia, UAE amp up Africa investments amid growing competition Africa is seeing a major uptick in investments from the UAE, Qatar and Saudi Arabia, which presents the possibility of 'greater returns' for the Gulf states. Saudi Arabia
What’s behind Iran’s $13B investment in domestic oil industry? Iran’s oil exports are on the rise, particularly to China, though the country faces challenges in maintaining its oil production levels. Iran
Analysis What does US sanctions waiver mean for Iraq’s energy dependence on Iran? Iraq is seeking to boost its domestic natural gas sector and find alternatives to Iranian electricity but has not made significant progress, according to one expert. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Israel’s NewMed Energy says UAE deal suspended amid Gaza 'uncertainty' Israel-UAE relations have been negatively impacted by the war but still remain intact. Legacy: Gulf
Turkey doubles down on coal despite European efforts to decarbonize Turkey has been importing around three quarters of its coal from Russia as prices have fallen since the Ukraine war began in Feb. 2022. Turkey
Saudi Aramco turns to China for future oil demand as profits fall 25% China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035. Saudi Arabia
Kuwait's Durra gas dispute puts Iran in new showdown with Gulf rivals The issue has added to a list of already existing tensions between Iran and other Persian Gulf states, with Kuwait and Saudi Arabia upping the rhetoric over the past year, denying any Iranian share in the vast reserve. Iran
Iran, Algeria to build closer energy, tourism ties Europe is increasingly interested in Algeria as an alternative to Russia for gas supplies, while Iran is seeking to boost its own gas output amid continued US sanctions. Iran
South Sudan’s oil at risk due to Sudan civil war South Sudan depends on its northern neighbor to export its oil and is facing difficulties with the exports due to the war there and the conflict in the Red Sea. Sudan
Qatar places major bet on gas as Saudi Aramco scores new find in Jafurah Asian liquefied natural gas prices have fallen to a nearly three-year low as warmer winter temperatures have dampened demand. Qatar
Iran-Pakistan gas pipeline gets a reset, can it overcome sanctions? As Tehran and Islamabad work to make progress on the Iran-Pakistan natural gas pipeline that has been decades in the making, the threat of US sanctions and financing challenges still remain. Iran
Saudi Arabia reports oil export slump after OPEC cuts The dip in exports for the fourth quarter of 2023 was due to Saudi Arabia’s decision to reduce crude output in accordance with the Organization of Petroleum Exporting Countries and allies — the kingdom has also implemented voluntary cuts. Saudi Arabia
