Saudi oil infrastructure in crosshairs as Houthis claim Ras Tanura strike Ras Tanura is home to the kingdom’s largest refinery and one of the world’s most important oil export terminals. Saudi Arabia
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
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
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. Saudi Arabia
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. Algeria
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
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. Legacy: Gulf
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. Iran
Republican lawmakers urge sanctions over Iran oil sales to China Senate Republicans are pushing for harsher penalties against Chinese-linked actors involved in Iran’s oil and petrochemical trade. Iran
Saudi Arabia imports record volumes of discounted Russian fuel oil in June Europe used to be the top market for Russian oil and petroleum products but all that has changed since Russia's invasion of Ukraine. Saudi Arabia
Analysis Qatar leans east to achieve 40% global LNG output by 2029 Qatar took steps last year to maintain its lead in the LNG market and increase future output with the approval of expansion projects set to raise production by 64% to 126 million tons per year by 2027. By Salim A. Essaid
OPEC oil export revenues surpass $870 billion, highest in decade The revenues from the Organization of Oil Petroleum Exporting Countries peaked in 2012, when they reached $1.2 trillion. Legacy: Gulf
Indonesia seizes Iran-flagged ship suspected of transferring oil illegally The 26-year-old tanker was seized and its crew were detained after the vessel was spotted in Indonesia’s North Natuna Sea, suspected of moving oil to Cameroon-flagged MT S Tinos without a permit on Friday. Iran
In Iraq and Algeria, TotalEnergies signs major deals The deal between Iraq and TotalEnergies has been delayed for years and aims to help Iraq fix its longstanding power issues. Iraq
US confirms Iran’s IRGC seized tanker smuggling fuel in Gulf The seizure by the Islamic Revolutionary Guard Corps came just a day the US Navy thwarted attempts by Iran's navy to seize two commercial tankers in the Gulf of Oman. Legacy: Gulf
