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
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
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. Saudi Arabia
Analysis Gulf energy deals face Iran war stress test as global expansion meets oil shock By Samuel Wendel In Washington, DC, reporting on regional business and tech
Iran expects to restore oil output within month of US lifting sanctions A senior official at the National Iranian Oil Company said that if the United States lifts sanctions on Iran, the country expects to restore its crude oil output to pre-sanctions levels in a matter of months. Iran
Turkey's Erdogan announces natural gas discovery in Black Sea Turkish President Recep Tayyip Erdogan said the Fatih drilling ship had found 135 billion cubic meters of natural gas in the Sakarya gas field. News Brief
UN urges Houthis to permit inspection of aging oil tanker The Houthis, who control access to the FSO Safer, have prevented the UN from sending a technical team to assess the risk of a potential massive oil spill. Yemen
As GCC turns 40, all eyes on post-oil era The GCC alliance hopes for greater future economic growth in the Gulf. Legacy: Gulf
Egypt sets conditions for full normalization with Turkey Egyptian Foreign Minister Sameh Shoukry laid down several conditions that would serve as a basis for normalizing ties with Turkey, in light of the recent attempts at rapprochement between the two countries. Egypt
Biden administration poised to ax US oil company’s waiver for Kurdish-led northeast Syria The decision to withdraw the waiver to produce and sell oil in Syria has been presented by administration officials as a policy correction, not a shift. Syria
Fire breaks out at Kuwait's largest oil field Two workers were injured at the Greater Burgan field in southeast Kuwait. News Brief
Egypt rolls out $1 billion for oil exploration in Western Desert Egyptian companies are planning more than $1 billion in investments in the oil and natural gas sector in the Western Desert region. Egypt
Saudi oil company Aramco reports profit increase for start of 2021 The Saudi state-owned oil company's profits went up 30% due to the improved global economy amid the continued COVID-19 pandemic, according to its CEO. DONT USE - Gulf Pulse
Iraqi, Syrian oil ministers discuss gas imports The Iraqi and Syrian oil ministers talked about the possibility of transporting Egyptian gas to Iraq through Syria during a meeting in Baghdad. News Brief
Israeli company sells shares in natural gas field to Emirati group In a demonstration of the economic dividends of the Abraham Accords, Abu Dhabi's Mubadala Petroleum is buying Israeli Delek Drilling’s shares in the Tamar natural gas field. Israel
Did Egypt make concessions in Halayeb and Shalateen issue to satisfy Sudan? Sudan’s Ministry of Energy and Oil announced the updating of the map of the oil blocs in Sudan to be put up for international oil and gas investment, which includes blocs in the disputed area of Halayeb and Shalateen with Egypt, which raises questions as to possible new agreements between the two sides. Egypt
