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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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Saudi Property Rules Modernize Foreign Ownership Framework and Strengthen Investment Transparency

Saudi property rules continue to evolve as Saudi Arabia introduces a tighter framework for foreign real estate ownership. At the same time, the updated...

Adnoc LNG Strengthens Global Expansion Strategy Through New LNG Marketing and Trading Platform in Abu Dhabi

Adnoc LNG has become the focus of the company’s latest expansion strategy after it unveiled a new global liquefied natural gas marketing and trading...

Iraqi Oil Tankers Expansion Debate Highlights Strategic Restructuring Needs in Iraq

The discussion around Iraqi oil tankers continues to grow as policymakers evaluate long-term energy transport strategy. Iraqi oil tankers remain central to debates about...

Bahrain Announces July Fuel Prices Across Petrol and Diesel Grades as Committee Aligns Rates with Global Market Movements

Bahrain fuel prices continue to reflect movements in global oil markets. They also follow the Kingdom’s structured pricing mechanism. In addition, adjustments remain closely...

Kuwait Petroleum Seeks Global Fund Consortia for $7 Billion Pipeline Stake Sale

Kuwait pipeline deal reflects a major push to attract global capital into energy infrastructure. It also signals stronger international interest in Gulf assets. In...

Adnoc Pricing Shift Links Offshore Crude Grades to Dubai Benchmark in Major Oil Market Change

Adnoc pricing shift marks a major change in how Abu Dhabi National Oil Company prices offshore crude. In addition, the move strengthens the link...

QatarEnergy Signs Commercial Discovery Declaration for Block 10 Offshore Gas Fields in Cyprus

Block 10 reached a major milestone after QatarEnergy signed a commercial discovery declaration for the Glaucus and Pegasus offshore gas fields in Cyprus. Furthermore,...

Iraq Advances Oil Sector Growth with International Energy Partnerships and New Development Agreements

The Iraq oil sector is set to expand after the government approved two major energy agreements aimed at strengthening petroleum operations and increasing production capacity. Furthermore,...

UAE Announces Lower Fuel Prices for July 2026 as Petrol Costs Drop Across All Grades After Four Months of Increases

UAE fuel prices will fall from July 1, bringing relief to motorists after four straight monthly increases. The latest reduction follows softer global oil...

New Iran Attack Raises Concerns Over Strait of Hormuz Shipping Recovery and Global Trade Routes

Hormuz shipping crisis concerns have increased after a new attack disrupted efforts to restore maritime movement through the strategic waterway. The incident created fresh...

Kuwait Prepares to Increase Oil Production and Export Shipments as Confidence Grows in Strait of Hormuz Trade Recovery

Kuwait Oil is moving back into focus as the country prepares to increase energy exports through the Strait of Hormuz. Recent developments have encouraged...

Iraq Oil Exploration Advances as First Northern Exploration Well Since 1978 Begins Operations in Salahadin Province

Iraq Oil Exploration has entered a new phase as the country begins drilling a new northern exploration well. The project marks a significant step...