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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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Action Energy Profit Surges 96.6% as Kuwait Firm Expands Drilling and Oilfield Services

Action Energy delivered strong financial growth during the first half of 2026. The Kuwait-based energy company nearly doubled its net profit during the period. Revenue...

ASYAD Shipping Expands Fleet with Eco-Friendly Oil Tanker Manah to Strengthen Global Maritime Operations

ASYAD Shipping marked another milestone after adding the environmentally friendly tanker Manah to its growing fleet. ASYAD Shipping announced the vessel as part of...

Bahrain Announces New Fuel Prices for August with Fishermen’s Diesel Subsidies Intact

Bahrain fuel prices have been approved for August as the government continues adjusting local fuel rates according to international market conditions. The latest pricing...

Adnoc Expands Tanker Fleet with Five New Crude Carriers as Regional Shipping Tensions Continue to Rise

Adnoc tanker fleet continues expanding as the UAE energy company strengthens its shipping network during ongoing regional tensions. The latest investments reflect a broader...

UAE Fuel Prices Expected to Drop Again in August Amid Oil Market Volatility

UAE fuel prices may decline again in August as global oil markets continue to fluctuate. However, analysts expect only a modest reduction because supply...

Abraj Energy Raises Revenue Forecast as Rig Activity Reaches One-Year High

Abraj Energy raised its revenue forecast after stronger drilling activity boosted business performance during the second quarter of 2026. The company also reported higher...

Kuwait Secures $16 Billion Pipeline Infrastructure Investment with Global Partners

Kuwait pipeline deal reached a major milestone after Kuwait Petroleum Corporation completed a $16 billion infrastructure agreement with a consortium of leading international investment...

Kuwait and Oman Reaffirm Commitment to Expanding Energy and Oil Sector Cooperation

Kuwait Oman relations continued to strengthen as senior officials reaffirmed their commitment to closer cooperation. Kuwait Oman discussions highlighted the importance of expanding collaboration...

Fluor Secures Engineering Contract for Bahrain’s New Aromatics Facility

Bahrain aromatics project continues moving forward after Fluor secured a contract to provide engineering and design services for a new petrochemical facility. The development...

Adnoc Approves $6.2 Billion Umm Shaif Gas Project to Expand UAE Energy Production

Umm Shaif Gas continues to play a major role in the UAE’s energy strategy. Adnoc has approved a $6.2 billion offshore development to increase...

Iraq Strengthens Energy Infrastructure with New Floating Gas Terminal at Khor al-Zubair

Iraq Gas infrastructure is set for another major expansion as plans move forward for a floating gas terminal at Khor al-Zubair. Iraq Gas development...

Egyptian Consortium Shortlisted for Oman’s $6 Billion Energy Project Portfolio

Oman Energy projects continue attracting regional engineering companies as major infrastructure investments move ahead across the sultanate. Oman Energy developments gained fresh momentum after...
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