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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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OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...

Oil Importers Turn to Longer Routes as Global Energy Trade Faces Rising Geopolitical Risks

Oil routes are changing as major energy importers seek greater protection from geopolitical disruptions. Countries across Asia are expanding their supplier networks to reduce...

Iraq Oil Minister Meets BP and ConocoPhillips to Advance Oil and Gas Industry Development and Investment Plans

The Iraq oil sector is exploring new development opportunities through discussions with major international energy companies. Oil Minister Basim Al-Abadi met representatives from BP...

US-Iran Escalation Sends Oil Prices Higher as Strait of Hormuz Supply Risks Grow

Hormuz oil prices moved higher after renewed fighting between the United States and Iran increased concerns about regional energy supplies. The latest escalation has...

How the Iran Conflict Has Reshaped the Gulf Economy, Energy, Tourism and Trade

The Gulf economy has undergone major changes since the Iran conflict began six months ago. Energy, shipping, aviation, property, and tourism have all faced...

UAE Fuel Prices for September 2026 Rise Again as Petrol and Diesel Costs Increase Across the Country

UAE fuel prices will rise again in September, increasing costs for motorists and businesses across the country. The new rates will take effect on...

Bahrain Begins Preparations for MEOS GEO 2027 Oil, Gas and Geosciences Conference

Bahrain is advancing preparations for MEOS GEO 2027, a major international oil and gas event. MEOS GEO 2027 will take place from September 14...

Brent Oil Surges Above $90 as US-Iran Strikes Raise Fears Over Gulf Energy Supplies

Brent oil prices climbed above $90 as fresh US-Iran strikes increased concerns about regional energy supplies. The renewed fighting also raised fears about shipping...

Oman Strengthens Health, Safety and Environmental Standards Across Oil and Gas Sector to Support Safer and Sustainable Operations

Oman is strengthening health, safety, and environmental standards across its oil and gas sector as operational activity continues to expand. The Ministry of Energy...

Qatar Seeks to Restart US-Iran Peace Talks as Oil Prices Slide Amid Hormuz Tensions

Qatar peace talks efforts are gaining attention as Doha seeks to ease tensions between Washington and Tehran. The diplomatic push comes as oil prices...

Kuwait Launches $3.3 Billion Tender for Major Onshore Facility Linked to Al-Durra Gas Development

Kuwait has launched a major tender for an onshore facility linked to the Al-Durra gas development. The project carries an estimated value of $3.3...

Kuwait Moves Ahead with $372 Million Desalination Plant to Strengthen Water Security and Meet Future Demand

Kuwait desalination capacity is set to expand as construction moves closer on a new water treatment facility. The project aims to strengthen the country’s...