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
Analysis Germany to import Algerian gas, eyes long-term renewables partnership Berlin needs to convince Algiers that green hydrogen production for export is technically feasible and economically viable. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
ADNOC, BP form natural gas joint venture in Egypt The British energy major said Wednesday it would contribute its interests in three development concessions and exploration agreements in Egypt to the joint venture. Egypt
Saudi energy minister reveals why Aramco cut oil target by 1m bpd In January, the world's biggest corporate crude producer said it would halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027. Saudi Arabia
India bets on Qatar again with 20-year LNG deal India is one of Qatar's top LNG customers, and the Gulf country is looking to expand its reach in Asia and Europe amid high export targets and increasing competition from the United States' expanding natural gas market. Qatar
Why has Saudi Arabia ordered Aramco to halt its plan to raise oil production? The move may be simply a cost-cutting strategy, or it could be driven by a new, less optimistic outlook from the world's largest crude producer on future oil demand. Saudi Arabia
Davos 2024: Green ammonia expansion integral to Morocco’s new hydrogen economy, minister says Morocco's Minister of Energy Transition and Sustainable Development Leila Benali told Al-Monitor in an interview that the COP28 declaration marked the first time an emergence of more inclusive messaging has been seen in official climate text. Morocco
Turkey says tanker seized by Iran carrying Turkish oil purchased from Iraq The ship was seized by the Iranian navy off the coast of Oman. Turkey
UAE President MBZ in Azerbaijan eyeing energy, investment cooperation Emirati entities have inked several energy deals with Azerbaijan in the past year. Legacy: Gulf
BP, Equinor change oil shipment plans after Red Sea Houthi attacks The Iran-backed rebels have said the attacks are in retaliation for the war in Gaza. Yemen
Iran says ‘enemy conspiracy’ behind outage at 70% of gas stations The Oil Ministry’s Shana news agency reported that operations will be running again as normal within “a few hours” and until then fuel is being distributed offline. Iran
Middle East transparency on carbon emissions lags behind rest of world Turkey and the UAE led the pack for most transparent countries in the region regarding greenhouse gas emissions. United Arab Emirates
COP28: historic deal agreed for world to ‘transition away’ from fossil fuels The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event. United Arab Emirates
