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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

Qatar Gas Transport Co. (Nakilat) said its LNG carrier Al Mayeda was hit by unidentified objects while sailing in the Gulf on Oct. 30, with no crew injuries.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

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Aramco Gas Division Plans Could Create Standalone Unit and Open Door to Future Investment

Saudi Aramco is exploring plans to create a standalone gas business as its natural gas operations expand. The company has reportedly hired Evercore to...

Azerbaijan Gas Expansion Gains XRG Backing as Absheron Field Targets Major Production Increase By 2029

Azerbaijan gas development is gaining momentum after XRG backed the next phase of the Absheron field. XRG serves as the energy investment arm of...

Saudi Renewables Pipeline Reaches 63.8 GW Across 53 Projects as Capacity Expands

Saudi Renewables have reached 63.8 gigawatts across 53 projects, marking strong growth in clean energy development. The Kingdom continues expanding renewable power capacity under...

Duqm Refinery Reaches 255,000 Barrels Per Day as Oman and Kuwait Expand Global Energy Operations

Duqm Refinery has reached around 255,000 barrels per day during 2026. The figure represents about 110% of its planned design capacity. The refinery was...

Basra Pipe Manufacturing Complex Planned with Major Indian Investment

Plans are advancing for a Basra pipe complex backed by a potential Indian investment. The project could manufacture pipes for oil, gas, and water...

Qatar Strengthens Energy Diplomacy Through Diversified Products, Overseas Assets and Regional Infrastructure

Qatar energy diplomacy is expanding beyond liquefied natural gas as Doha develops a broader portfolio of energy products and strategic value chains. Qatar remains...

Iraq Opens New Gas Processing Unit at East Baghdad Oil Field to Support Power Supply

Iraq gas processing has expanded with the opening of a new unit at the East Baghdad oil field. The facility can process 30 million...

Gulf Oil Remains Competitive as Saudi Arabia Restores Pipeline Operations Amid Rising Security and Transport Costs

Gulf oil remains competitive despite rising expenses linked to infrastructure repairs and security measures. Saudi Arabia has restarted operations on its East-West pipeline after...

Qatar LNG Capacity Faces Up to Three Years of Repairs After Attacks Damage Ras Laffan Facilities

Qatar LNG capacity faces a major disruption after attacks damaged facilities at Ras Laffan. Qatar says the damage removed about 17 percent of its...

Iraq Advances Nahr Bin Umar Gas Project With Plans to Reach 300 Million Cubic Feet Per Day

Nahr Bin Umar gas project plans are advancing in Iraq’s Basra province as officials review the next stages of development. The latest meeting examined...

Houthi Attacks on Saudi Energy Facilities Extend Oil Rally as Brent Crude Nears $100 per Barrel

Oil rally concerns grew on Tuesday after attacks targeted several Saudi energy facilities in the southern region. Oil prices climbed as the attacks raised...

Qatar Recovery Outlook Improves as Fitch Expects LNG Exports to Gradually Resume Through Hormuz

Qatar recovery is gaining support as concerns about further LNG disruptions begin to ease. Fitch Ratings has removed Qatar from its negative rating watch....