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.

pumpjacks in Syria

Canadian energy firm to develop major oil field in Turkey’s Kurdish southeast

A Canadian firm will help Turkey develop its new oil field in Sirnak province.

This aerial photo taken on August 4, 2019 shows tugboats berthing an oil tanker at Qingdao port in Qingdao in China's eastern Shandong province. - China's good shipments abroad beat expectations to rise in July while its purchases continued to shrink, official data showed on August 8. (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

Iran's oil shipments to China triple in 3 years despite sanctions

Iran’s strengthening ties to China have prompted some senators to call for more sanctions.

A young boy carries home a battery-powered fan amid a heatwave and electricity shortage in Gaza City, Gaza Strip, July 19, 2023.

In Gaza, pressure builds on Hamas to solve power crisis amid heat wave

Palestinian activists in the Gaza Strip are launching campaigns to pressure Hamas into resolving the power crisis, which has worsened this past month due to a severe heat wave.

A file picture shows Kuwait's largest oil refinery at Al-Ahmadi complex, about 40 kilometers (25 miles) south of the capital Kuwait City, Kuwait, Nov. 21, 2014.

Kuwait to begin drilling in disputed gas field with Iran

Kuwait and Saudi Arabia’s dispute with Iran over the Durra gas field is coming amid improved ties between Iran and the Gulf.

OPEC President UAE Energy Minister Suhail al-Mazrouei (C) speaks as he sits with Minister of Energy of Russia Alexander Novak (left) and OPEC Secretary General Mohammed Sanusi Barkindo (r) of Nigeria during a meeting at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) with OPEC members and non-OPEC members in Vienna, Austria on December 7, 2018. (Photo by JOE KLAMAR / AFP) (Photo credit should read JOE KLAMAR/AFP via Getty Images)

UAE joins India's Global Biofuel Alliance on clean energy ahead of COP28

The UAE minister of energy and infrastructure announced Wednesday that his country is a willing participant in the global alliance and has been investing heavily in biofuels.

A flame from a Saudi Aramco oil installion known as "Pump 3" is seen in the desert near the oil-rich area of Khouris, 160 kms east of the Saudi capital Riyadh, on June 23, 2008. Oil producers are at war with speculators but they have been left speculating themselves over the future of their precious commodity after a unique summit, analysts said. Government ministers and traders alike are anxiously waiting to see which way prices go in coming weeks after Sunday's summit of consumers and producers, which Sau

Saudi oil exports hit new low, dropping by more than one-third

In May of this year, Saudi Arabia’s value of oil exports hit a low of just over $19 billion, reported the kingdom’s General Authority for Statistics. This includes both crude and refined products.

The Vladimir Rusanov, a liquefied natural gas (LNG) Russian tanker ship.

Dampened China demand driving up Middle East purchases of Russian oil

China's appetite for fuel oil has been slowly increasing since the COVID-19 pandemic when the country implemented some of the strictest lockdowns in the world.

A Sinopec employee looks at a group of jounalists visiting Polypropylene Plant No3 of the Sinopec Yanshan Petrochemical Company (SYPC) during a tour arranged by the State Council Information Office in Beijing on May 25, 2018. (Photo by WANG Zhao / AFP) (Photo credit should read WANG ZHAO/AFP via Getty Images)

Saudi Aramco acquires $3.4 billion stake in a China petrochemical firm

The world’s biggest oil exporter is making further inroads in China, Saudi Arabia’s top customer for crude.

Xi Jinping Abdulmajid Tebboune

Algeria, China sign 19 agreements during Tebboune's visit, including energy, technology

Xi Jinping received Abdelmadjid Tebboune and his delegation at Beijing's Great Hall of the People to discuss bilateral relations.

Japan's Prime Minister Fumio Kishida prepares before a roundtable meeting during the 29th EU-Japan Summit at the European Union building, Brussels, Belgium, July 13, 2023.

Analysis

On Gulf tour, Japan's PM secures energy ties as China’s influence grows

Prime Minister Fumio Kishida’s three-day trip that began Sunday to Saudi Arabia, the United Arab Emirates and Qatar — its key energy suppliers — is seen as a crucial move to secure Japan’s energy future.

By Salim A. Essaid

Traders follow the movement of stock prices at the Boursa Kuwait, Kuwait City, Kuwait, March 2, 2022.

Kuwait's new sovereign wealth fund Ciyada to boost foreign investment

The Gulf country already has the Kuwait Investment Authority with assets of about $803 billion, making it the fifth-largest sovereign wealth fund globally.

This handout photograph released by the Indian Ministry of Defense shows India's Defense Minister Rajnath Singh, Kazakhstan Defense Minister Col. Gen. Ruslan Zhaxylykov (C) and Chinese Defense Minister Gen. Li Shangfu (R) attending the Shanghai Cooperation Organization meeting in New Delhi, India, April 28, 2023.

Can Iran balance dependence on China with economic openness on India?

The International North-South Transport Corridor project has become a matter of urgency for Russia, India and Iran, as it would help Moscow and Tehran develop new markets and evade sanctions.