Oil and gas

MUMEN KHATIB/AFP via Getty Images

Why UAE's decision to leave OPEC is major shift for cartel

The UAE accounts for 12% of OPEC's output, but tensions had been simmering over intragroup rivalries and the country wanting to export more oil.

United Arab Emirates

Yuichi YAMAZAKI / AFP via Getty Images

First LNG tanker transits Strait of Hormuz since Iran war began

Thomas Kronsteiner/Getty Images)

Breaking | Last Updated: April 28, 2026, 8:54 am

UAE to leave OPEC on May 1

The United Arab Emirates says it will focus more on domestic production amid the US-Israel-Iran war.

United Arab Emirates

A person walks past the closed Metropolitan Opera at Lincoln Center on Jan. 7, 2021, in New York City.

Why did the Met Opera lose its Saudi funding deal?

The deal, announced as a nonbinding memorandum of understanding last September, would have seen the PIF inject up to $200 million into the opera institution over the next eight years.

Latest News

Which airlines are cutting flights amid Hormuz fuel disruption?

Refueling trucks are seen at Southend Airport on April 17, 2026, in Southend, England.

How are Iran-linked tankers still moving through Hormuz blockade?

BAY ISMOYO / AFP via Getty Images

Iran seizes two cargo ships in Hormuz after Trump extends ceasefire

Fishing and cargo ships and ferries are pictured in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic Republic's navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.

Analysis

Gulf energy deals face Iran war stress test as global expansion meets oil shock

A picture shows the Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, administrated by Qatar Petroleum, some 80 kilometers (50 miles) north of the capital Doha, on Feb. 6, 2017.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

US President Joe Biden announces a ban on US imports of Russian oil and gas, March 8, 2022, from the Roosevelt Room of the White House in Washington, DC.

Biden bans Russian oil imports as Iran talks hit snag

The embargo on Russian energy supplies comes as negotiators in Vienna appear close to striking a deal that would ease sanctions on Iran’s oil sector.

The prices for gas and diesel fuel.

Saudi, Emirati oil prices reach record highs

The Russian invasion of Ukraine has led to historically high oil prices.

AL-MONITOR Staff

By AL-MONITOR Staff

Leviathan natural gas platform in the Mediterranean Sea

Analysis

Israel, Egypt tighten energy ties

The natural gas pipeline agreement signed in Cairo mid-February has geostrategic importance that extends far beyond financial benefits to Israel.

Danny Zaken

In Ma'ale HaHamisha, reporting on Israel

A picture taken on June 21, 2017, shows the Omantel Tower in the Omani capital, Muscat.

Fitch upgrades Omantel’s credit rating, citing high oil prices, reforms

The leading Omani telecommunications company has grown its customer base and agreed to sell its towers to a British firm, but a new cell service provider in the Gulf state could provide some competition.

KRG Prime Minister Barham Salih speaks at a Kurdistan-Iraq Oil and Gas Forum in Erbil, Nov. 13, 2011.

Erdogan not giving up on gas from Iraqi Kurdistan

Erdogan appears bent on advancing energy deals with Iraqi Kurdistan, even as a gas project remains bogged down by legal, technical and financial snags.

Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Mustafa al-Kadhimi at a joint press conference in Ankara, Dec. 17, 2020.

Iraqi court's ruling on KRG gas puts Turkey on the spot

A top Iraqi court has ruled that the 2007 oil and gas law affecting the Kurdistan Regional Government is unconstitutional in a heavy blow to the KRG and its energy deals with Turkey.

Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Egypt breaks LNG export records with eye on Europe

The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility, a flow local authorities hope to maintain as they try to become a regional hub and major player in the market.

A picture taken on Sept. 3, 2019, shows freshly painted blue roads in Doha, an experiment to cool the tarmac surface and reduce the temperature of surrounding areas.

Qatar National Bank launches environmentally friendly finance project

The Doha-based bank will loan cash to the British bank HSBC to be used for green transportation investments.

AL-MONITOR Staff

By AL-MONITOR Staff

Leviathan gas field

Negotiations likely to start over in Israel-Cyprus gas field dispute

Israel’s Energy Minister Karine Elharar is reexamining the Israel-Cyprus dispute over the gas field on their maritime border.

An Egyptian petrol station worker counts cash in Cairo on June 29, 2017.

Egypt raises fuel prices

The move follows oil prices reaching a seven-year high on the back of supply coordination by OPEC and Russia.

Yemenis displaced by conflict receive provisions to meet basic needs at a camp in Khokha district on Jan. 31, 2022.

The Takeaway: Yemen’s future may be affected by Iran talks

Iran and Israel; Iran and China; Iran and Turkey; Hamas alternative to "Fauda"; and more … all in less than 1,400 words.

Oil tanker SC Hong Kong is seen off the port of Bandar Abbas, southern Iran, on July 2, 2012.

Next phase of China-Iran ties depends on nuclear talks

Iran and China's long-term strategic partnership awaits any new outcome of the JCPOA.