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
Can Iran combat corruption in petroleum sector? Iran is showing a greater transparency about corruption, perhaps in part because of the problems caused by sanctions, but has a long way to defeat this scourge. Iran
PA mulls over importing fuel from Iraq The Palestinian Authority weighs its options to import fuel from Iraq through Jordan as a step toward economic disengagement from Israel, but will the Paris Protocol allow it to do so? Palestine
Why US companies seek role in Egyptian oil sector The Egyptian oil and natural gas market is witnessing a significant expansion of US companies and although some observers are concerned about this expansion, most agree that this reflects the stability and neutrality of the Egyptian market and is in its favor in the near and long terms. Qatar
Turkish muscle flexing in Mediterranean rekindles Cyprus peace efforts Turkey's aggressive behavior in the Eastern Mediterranean over drilling for gas has focused the minds of Greek and Turkish Cypriot leaders on getting back to the negotiating table. Turkey
Iraq plans to launch pipelines to export oil through Jordan, Syria Iraq plans to diversify its oil exports via new pipelines through Jordan and Syria. Iraq
EU downgrades diplomatic ties, funding with Turkey over Cyprus gas drilling Ankara remains undeterred as EU imposes punitive measures on Turkey over controversial gas drilling activities near Cyprus. Turkey
How Egypt promotes its fuel price increase An Egyptian government advertising campaign paves the way for a fuel price increase for the fifth time since President Abdel Fattah al-Sisi took power — but is this in the citizens’ best interest? Egypt
Eastern Mediterranean crisis balloons as Turkish drill ships multiply Disputes over oil and gas reserves in the Eastern Mediterranean have caused a spike in tensions between Ankara and Turkish Cypriots on the one side, and the EU and Greek Cypriots on the other. Turkey
Corrupt economy fuels Algerian revolt The North African country’s rentier model is collapsing. Algeria
Libya has outsized importance for Turkey's Mediterranean plans Turkey's hostility to Libyan forces led by Khalifa Hifter is part of an ongoing strategic power struggle in the region. United Arab Emirates
Congress advances bill sidelining Turkey on Mediterranean gas dispute The Senate advanced a bill rebuking Turkish attempts to drill for gas near Cyprus. Turkey
Nechirvan Barzani in Baghdad to discuss oil The KRG's new president, Nechirvan Barzani, traveled to Baghdad to meet the Iraqi prime minister and discuss the two sides' outstanding oil dispute. Iraq
