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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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Kuwait Oil Recovery Gains Momentum as Production Targets Move Closer to 2 Million Barrels Per Day

Kuwait Oil Recovery has become a major focus as the country works to restore crude oil production following recent disruptions. The government now expects...

HEA Energy Secures $550 Million Bond Deal to Accelerate Offshore Fleet Expansion and Global Growth Strategy

HEA Energy attracted strong market attention after it secured a $550 million financing package. The HEA Bond Deal marks a major milestone in the...

Algeria Saudi Arabia Energy Partnership Supports Long-Term Investment in Oil and Gas Exploration

The Algeria Saudi Arabia Energy Partnership is gaining momentum as both countries move forward with a significant oil and gas development agreement aimed at...

Oil Prices Fall Sharply as US Iran Diplomatic Progress Boosts Supply Expectations

Oil prices declined sharply on Monday as investors reacted to improving diplomatic signals between the United States and Iran. The latest developments increased expectations...

UAE Petrol Prices Could Drop in July as Oil Market Shift Continues After Global Tensions Ease

Oil Market Shift trends may influence fuel costs across the UAE in July. Petrol prices could decrease if crude oil values continue falling. Recent...

Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...

AI And Global Shipping Help Avoid Major Hormuz Supply Crisis

The closure of the Strait of Hormuz created fears of a severe global energy and trade crisis. However, despite widespread concerns, global supply chains...

Saudi Arabia And South Korea Strengthen Energy Partnership Through New Oil And Gas Agreement

Saudi Arabia and South Korea have taken a significant step toward expanding their energy cooperation by signing a new memorandum of understanding focused on...

Saudi Arabia Strengthens Alternative Trade Routes as Strait of Hormuz Closure Disrupts Shipping

The closure of the Strait of Hormuz continues to create major challenges for regional trade, energy exports, and global supply chains. As Gulf countries...

Saipem Secures $1 Billion Contract for Saudi Arabia’s Uthmaniyah Gas Project

Italian oilfield services company Saipem has secured a contract worth approximately $1.04 billion to develop the Uthmaniyah Gas Compression Plant in Saudi Arabia. The agreement...
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