Oil and gas

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

The country's leaders are seeking to translate a flurry of oil and gas agreements into concrete investments and rebuild an industry devastated by more than a decade of war, sanctions and isolation.

Elke Scholiers/Getty Images

Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

Early cracks are beginning to show following last week’s US-Iran deal announcement even as both sides move ahead with steps toward ending the four-month conflict.

Latest News

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

What’s the status of Strait of Hormuz after US-Iran talks?

Handout Photo by the US Navy via Getty Images

Oil falls more than 3% after Iran, US signal progress in talks

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebano

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

A military vessel of the United Nations peacekeeping force in Lebanon (UNIFIL) is pictured off the coast of the southern Lebanese town of Naqura, on the border with Israel, where delegations from the two countries were meeting, Nov. 11, 2020.

Maritime dispute with Lebanon threatens Israeli natural gas drilling

Israel hopes that a solution can be found to the maritime border dispute with Lebanon so Energean can start drilling in the Karish field in the third quarter of 2022.

Egyptian President Abdel Fattah al-Sisi (back-R) and his Russian counterpart Vladimir Putin (back-L).

Russia launches production for Egypt’s nuclear power plant

Ukraine war not stopping Russia’s Rosatom from manufacturing equipment for Egypt’s first nuclear power plant.

The U.S. Department of State is seen on Jan. 6, 2020, in Washington, DC.

No sanctions assurances offered on Lebanon energy plan: State official

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the northern coastal city of Caesarea, Israel, Dec. 19, 2019.

Egypt's gas imports from Israel hit all-time high

Gas flows hit a new record in the first quarter of the year and peaked in March, when Cairo purchased above contractual volumes.

MAZEN MAHDI/AFP via Getty Images

OPEC+ alliance agrees to production increase

Pressure on Saudi Arabia, Russia and other major oil producers has boosted production amid high prices.

AL-MONITOR Staff

By AL-MONITOR Staff

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Could Turkey-Israel rapprochement lead to gas agreement?

The Cyprus conflict stands as a major stumbling block before potential plans to carry Israeli gas to Europe via Turkey.

Barham Salih, prime minister of the Iraqi Kurdistan Region Government, speaks during a conference of Kurdistan-Iraq Oil and Gas forum, Erbil, Iraqi Kurdistan, Nov. 13, 2011.

Dispute over Iraqi Kurdistan's energy resources ramps up

The Iraqi Ministry of Oil has announced plans to establish a new oil company for the Kurdistan Region.

Trucks drive in and out of the Bee'ah waste management company in the Gulf emirate of Sharjah.

Analysis

Explainer: Waste-to-energy plant opens in UAE

Masdar's new facility in the Emirati city of Sharjah will burn garbage to produce electricity. Some observers believe the process is relatively harmful to the environment due to its carbon emissions, but others say it is a good way to reduce landfill waste.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

ATTA KENARE/AFP via Getty Images

Iran, Oman to jointly develop oil field

Iran's president is in Muscat seeking increased cooperation with Oman on energy and transportation.

German Economy and Climate Action Minister Robert Habeck (R) and Qatar Minister for Energy Saad Sherida Al-Kaabi.

Qatar seeks to export natural gas to Germany by 2024

Germany wants Qatari gas as an alternative to Russia’s due to the invasion of Ukraine.

ADNOC headquarters (Abu Dhabi National Oil Company) office complex (C).

Affiliate of Abu Dhabi oil company to list on stock exchange

Borouge is ADNOC’s joint venture with Austrian petrochemical firm Borealis AG.

United Arab Emirates

A picture taken on October 17, 2017, shows excess flammable gasses burning from gas flares at the Havana oil field, west of the multiethnic northern Iraqi city of Kirkuk.

Iraqi Kurdistan government denies taking control of oil fields in Kirkuk

An oil company run by the Iraqi Ministry of Oil alleged that the Kurdistan Regional Government’s forces took over some oil fields in the disputed northern province.