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
What's at stake for China in Sudan as fighting drags on? China’s economic interests, deep-rooted diplomatic relations with Khartoum, leaves Beijing worried about instability in Sudan and the Horn of Africa. Sudan
Turkey's Erdogan opens half-empty financial hub in Istanbul ahead of polls Incumbent President Recep Tayyip Erdogan denies the country is facing an economic crisis, while attacking the opposition for making backroom deals with money lenders. Turkey
Analysis What is behind Kuwait's change of government, economic woes? The decades-long dance of political reshuffles has prevented the execution of investment and reforms in national infrastructure, health and social services, and also economic projects. By Salim A. Essaid
Saudi Arabia will mine minerals, but can it extract maximum added value? The kingdom wants to leverage its untapped mineral deposits to boost non-oil exports and incentivize local manufacturers to turn raw materials into high-value products. Legacy: Gulf
TotalEnergies confirms $10 billion investment in Iraq oil fields, solar plant The long-delayed deal is expected to bolster the regional electricity grid in the south of the country. Iraq
Oil deal reached between Iraq and Kurdistan Regional Government The Kurdistan Regional Government says an agreement will result in the resumption of oil exports to Turkey after a legal dispute stopped outflows. Iraq
Oil prices rise by 5% after OPEC's surprise output cut decision Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output. Legacy: Gulf
OPEC+ likely to maintain output in light of Kurdish oil dispute Analysts say the OPEC+ alliance is unlikely to cut production and there could be be a oil glut in the second half of 2023. Legacy: Gulf
Saudi's Aramco could list in Hong Kong as China relations warm Aramco's latest deals in the Chinese market are fueling speculation that the Saudi giant could be set to list one of its subsidiary companies on the Hong Kong Stock Exchange (HKSE). Legacy: Gulf
Iraqi efforts underway to resolve Kurdish oil exports via Turkey Ankara, Baghdad and Erbil appear willing to negotiate a new mechanism after an international tribunal dealt a blow to Kurdistan’s drive to sell its oil independently. Turkey
Israeli, Cypriot, Greek FMs discuss Iran's IRGC in Cyprus meeting The Iranian threat, security cooperation, joint energy projects and tourism were all discussed at the three-way meeting of the Israeli, Cypriot and Greek foreign ministers in Nicosia. Israel
China settles first LNG trade in yuan with UAE deal China has held several discussions with countries in the Middle East and North Africa about conducting trade using its local currency. Legacy: Gulf
