UAE battles tanker oil spill as war's environmental toll mounts Gulf oil spills have become more frequent since the beginning of the US-Israel-Iran war on Feb. 28. United Arab Emirates
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? 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
Egypt seeks to boost gas exports to Europe as Russia-Ukraine war drags on Egypt hopes to boost its natural gas exports at a time when European countries are gradually giving up reliance on Russian hydrocarbons, including gas, in the wake of Russia’s invasion of Ukraine. Egypt
No magic tap for Europe to replace Russian gas via Turkey Europe has been looking to Azerbaijan, Israel and other countries to transit gas via Turkey, but assuming political obstacles can be overcome, the massive investments needed will take time to realize. Turkey
Saudi GDP grew 3.2% in 2021, highest in seven years Saudi economic progress includes growth in the non-oil sector, as foreign direct investment moves more slowly. Saudi Arabia
Iran says Russia won't block nuclear deal Iran's top diplomat was in Moscow in what appeared to be a push to bring Russia back onboard the nuclear talks after they were stalled presumably by Russia's "unrelated" demands. Iran
Saudi cooperation with China continues with finalization of long-planned refinery deal Saudi oil giant Aramco has made a few agreements with Chinese companies in recent years. Saudi Arabia
Oil price dips as UAE endorses increased production Global oil prices have skyrocketed due to the Russian invasion of Ukraine. United Arab Emirates
Analysis The Takeaway: Russia, Iran major cyberthreats targeting US, says intel community Turkey as alternative European gas route; Russian Syrian mercenaries in Ukraine; Palestinians claim double-standard in Western response to Ukraine; Egypt balances US, Russia in dealing with Ukraine war. By Andrew Parasiliti , Elizabeth Hagedorn , Joe Snell
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. Iran
Saudi, Emirati oil prices reach record highs The Russian invasion of Ukraine has led to historically high oil prices. By AL-MONITOR Staff
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. By Danny Zaken In Ma'ale HaHamisha, reporting on Israel
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. Legacy: Gulf
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. Turkey
