Oil surges past $120 to war-time high as Trump rejects Iran overture Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war. Iran
Turkey advances gas pipeline plan to northern Cyprus as East Med rivalry grows The Turkish energy minister said the country's oil and natural gas pipeline operator, BOTAS, has started the engineering work for the pipeline. Turkey
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
Floating oil island will handle Iraq's expected spurt in exports Now that OPEC has approved an increase in oil production, Iraq expects to boost its exports significantly, and to accommodate that increase, South Oil Co. will develop a floating oil island. Iraq
Saudi crown prince, Putin boost energy cooperation in Moscow meeting The recent meeting between the Russian president and the Saudi crown prince appears to have moved the two countries closer to a grand bilateral energy deal. Saudi Arabia
Italy may impede Turkish-Azeri efforts for EU gas corridor Turkey and Azerbaijan realize EU's gas corridor dream, but serious questions remain unanswered. Turkey
Rapid spread of gas stations fuels controversy in Gaza Gas stations are increasingly being invested in under the degenerating economic and humanitarian situation in the Gaza Strip, pointing at conflicting interests between Gaza’s Ministry of Finance and Planning and the Ministry of Local Government. Palestine
Russia might not be ready for long-term OPEC commitment Saudi Arabia seems to think Russia is on board with a lengthy OPEC deal, but Moscow has a lot of factors to consider. Legacy: Gulf
Erdogan stays silent on Qatar amid Cyprus gas row Amid an escalating dispute over gas exploration off Cyprus, observers in Turkey are perplexed about why Ankara is sparing Qatar while harshly reacting to other countries and companies cooperating with the Greek Cypriots. Legacy: Gulf
Landowners waiting for next step in Jordan-Israel gas pipeline Members of the Jordanian Bar Association are readying lawsuits to challenge land expropriations for the construction of a pipeline for natural gas from Israel's Leviathan field. Israel
