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
Blinken heads to Saudi Arabia with Israel ties on agenda Secretary of State Antony Blinken’s much-anticipated visit to the kingdom comes after years of strain over the price of oil and human rights. Saudi Arabia
Why is Venezuela's Maduro visiting Saudi Arabia? The Venezuelan president's visit to the kingdom is the first since 2015, on his way back from Turkey where he attended Recep Tayyip Erdogan's inauguration. Legacy: Gulf
Israel announces new natural gas field off its coast The official announcement on the discovery of the Katlan-Orca natural gas field off Israel's coast paves the way for hydrocarbon exploration company Energian to seek development and exploitation permits. Israel
Qatar forum warns of economic downturn, shift in cryptocurrency One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power. Qatar
Germany, Italy hold talks with Saudi Arabia, Qatar to strengthen energy ties Italy is looking for capital from Saudi Arabia's Public Investment Fund for a new fund Rome is setting up to help domestic companies in strategically important sectors. Saudi Arabia
Russia’s Tatneft makes new oil discovery in Libya Russia and the controversial military contractor Wagner Group have longstanding interests in Libya’s oil, but instability has hurt the ability of Russian oil companies to operate in the North African country. Libya
Iraqi FM expects continuity in ties with Turkey, no matter who wins election Fuad Hussein says TotalEnergies deal “would change character of Iraqi economy,” discusses relations with the United States, Iran, Syria and Arab states. Turkey
Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back Turkey has still yet to restart oil flows from northern Iraq following a controversial court ruling despite efforts by Iraqi and Kurdish authorities. The stoppage is threatening the Kurdistan Region’s oil sector. Turkey
Saudi Aramco profit drops 19% on lower oil prices Aramco has signed major deals with companies in China, the United States and South Korea recently, and OPEC+ recently announced a supply cut. Saudi Arabia
Israel's defense chief: Iran has enough uranium for five nuclear bombs On an official visit in Greece, Israel’s Defense Minister Yoav Gallant warns against Iran’s continued efforts to advance its nuclear program. Israel
Turkey says Russia agreed to delay gas payment ahead of elections The deal marks another economic boon from Moscow to Ankara ahead of Turkey's fateful elections. Turkey
Analysis Saudi-led OPEC turns deaf ears on oil cuts amid global slowdown Predictions for GDP growth in the Gulf look more optimistic than those for the rest of the world, and the region is resisting calls to stop cutting oil production. By Salim A. Essaid
