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
Will US sanctions sway Iran to enter oil deal with Russia? Iranians in general do not trust Russia, but their government may be looking into various oil deals with Moscow to work around US sanctions. Russia
Khashoggi killing undercuts Trump campaign against Iran The US campaign to convince the world to cut off Iran has taken a hit two weeks before oil sanctions are set to kick in. Saudi Arabia
Saudis skeptical about Russia's oil production prospects Saudi Arabia's projection that Russian oil production will dwindle significantly triggered a backlash in Moscow, which says it has options up its sleeve that will prove Riyadh wrong. Saudi Arabia
Egypt expected to become regional gas hub The Egyptian government has recently announced that the country stopped importing liquefied natural gas and managed to achieve self-sufficiency thanks to the Zohr gas field, raising hopes that Egypt would become a regional gas trading and exporting hub. Egypt
Cyprus deal to turn Egypt into major gas exporter to Europe Egypt is hoping to rely less on natural gas imports after signing a deal with Cyprus to transport gas from the small Mediterranean island before it is liquefied in Egypt for exporting to European countries. Egypt
Will Iraq comply with US-imposed Iran sanctions? Iraq is willing to abide by US sanctions against Iran, according to Prime Minister Haider al-Abadi, yet pro-Iranian parties and militias slammed Abadi, calling for support for Iran against these sanctions. Iraq
Cairo breathes sigh of relief as Saudi oil exports resume through Bab el-Mandeb Saudi Energy Minister Khalid Falih announced that his country resumed oil exports via the Bab el-Mandeb Strait, amid Egyptian fears that a decrease in traffic in the popular shipping corridor could impact Suez Canal revenues. Saudi Arabia
Will Russia, Iran dash Turkey's hopes of becoming energy corridor? The recently signed Caspian protocol between the Caspian littoral states means that Iran and Russia can thwart Turkey’s hopes of transporting Turkmen gas and Kazakh oil via Turkey to Europe. Turkey
Will Iran, Russia step up energy cooperation to blunt US sanctions? Amid rising US pressure, Tehran and Moscow might be on the cusp of a new era of economic cooperation, particularly in the energy sector. Russia
Egypt to build $11 billion petrochemical complex As Egypt invests in refining crude oil at home, domestic fuel prices continue to rise. Egypt
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
