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

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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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Iraq’s Oil Exports Through Kurdistan Pipeline to Turkey Double to 500,000 Barrels a Day, KAR Group Chairman Says

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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.

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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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Oman-Iran Maritime Deal Raises Hopes for Strait of Hormuz Reopening as Oil Prices Fall 2%

Hormuz reopening hopes have increased after Oman and Iran announced plans to improve maritime safety. The announcement also pushed oil prices lower during early...

Masdar Starts Commercial Operations at Second UK Battery Energy Storage Project

Masdar has started commercial operations at its second battery energy storage project in the United Kingdom. The Rochdale facility forms part of the company’s...

Trump Warns Iran Trading Partners as Strait of Hormuz Disruptions Push Oil Prices Higher

The Trump Iran warning has increased pressure on countries maintaining business ties with Tehran. The warning also pushed fresh concerns across energy markets. US President...

Iraq Approves New Oil Export Rules as Government Expands Transport and Loading Capacity

Iraq oil exports will follow new mechanisms after the Council of Ministers approved changes to export operations. The measures aim to improve flexibility across...

Oil Prices Rise as Iran-UAE Tensions Push Brent Crude Near Four-Week High Amid Growing Strait of Hormuz Concerns

Oil prices climbed again on Wednesday as tensions between Iran and the UAE increased. The latest developments raised concerns about regional energy supplies and...

OQEP Profit Surges 19% as Higher Oil Prices and Production Boost Oman’s Energy Sector

OQEP profit increased strongly during the first half of 2026 as higher oil prices supported Oman’s state energy company. Rising sales volumes also helped...

Iraq Faces Growing Cash Crisis as Oil Export Disruptions Threaten Public Salaries and Economic Stability

Iraq cash crisis pressures are growing as disruptions around the Strait of Hormuz reduce the country's oil export revenues. The situation has raised concerns...

Oman Strengthens Emergency Preparations to Protect Water and Waste Management Services

Oman Essential Services preparations have intensified as authorities work to protect vital water and waste management operations from potential oil spill impacts. The latest...

Oil Prices Could Slide Toward $70 as Global Inventories Stay Strong

Oil prices could move toward $70 per barrel this year as strong inventories ease concerns about supply disruptions. Julius Baer expects crude prices to...

Kuwait Petroleum Corporation Profit Hits Three-Year High Despite Oil Sector Challenges

Kuwait’s state oil sector recorded a major earnings improvement as Kuwait Petroleum Corporation reported its strongest annual profit in three years. KPC profit surge...

Oman Wind Farm Secures $130 Million Funding as Country Accelerates Renewable Energy Expansion

The Oman wind farm project has secured funding as the country expands renewable energy capacity. The $130 million development will support Oman's clean energy...

Qatar LNG Strategy Expands as Doha Seeks to Protect Global Market Share and Future Revenue

Qatar LNG exports face new challenges as disruptions expose risks around concentrated domestic production. Therefore, Qatar could expand its global trading activities. Recent attacks damaged...
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