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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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Iraq Targets One Million Barrels Per Day Through Turkey and Syria Export Routes

Iraq has activated strategic plans to increase crude oil exports through alternative routes in Turkey and Syria, aiming to reach one million barrels per...

Kuwait Oil Prices Fall Alongside Global Benchmarks as Traders Monitor Supply and Demand Trends

Kuwaiti oil prices recorded a sharp decline in the latest trading session, reflecting broader weakness across global energy markets as crude benchmarks moved lower. According...

Oman Accelerates Duqm Development Through Massive Investments in Energy Storage Petrochemicals and Green Hydrogen Projects

Oman is accelerating efforts to transform Duqm into a leading global energy and industrial hub through massive investments in oil storage, petrochemicals, and green...

OPEC+ Approves Fourth Consecutive Oil Output Increase as Iraq Receives Higher Production Quota for July

OPEC+ approved a fourth consecutive increase in oil production targets on Sunday, continuing efforts to gradually restore output despite ongoing disruptions linked to the...

India and Oman Deepen Economic Cooperation Through New Trade and Logistics Partnership

India is strengthening its economic and energy security through a new trade agreement with Oman. The deal took effect on June 1 and offers...

Iraq US Oil Imports Drop to Zero as America Changes Supply Sources

Iraq US oil imports fell to zero during the latest reporting week, according to data released by the US Energy Information Administration (EIA). The...

Iraq Records No Weekly Crude Shipments to US Market Amid Volatile Energy Trade Flows

Iraq's oil exports to the US during the past week, according to new data from the US Energy Information Administration. The figure marks a sharp...

Action Energy Strengthens Growth Strategy With New Financing From Local Kuwaiti Banks

Kuwait’s Action Energy strengthened its expansion plans after securing new and renewed banking facilities from local lenders. The company aims to grow its operations...

Action Energy Company Secures $132 Million Financing to Expand Kuwait Drilling Operations

Energy Growth Kuwait continues to strengthen the country’s upstream energy sector. Action Energy Company secured new credit facilities worth KWD40.9 million, equal to nearly...

Oil Export Nations Benefit from High Crude Prices Amid Global Economic Pressure

Oil dependence on oil revenues continues to influence global economic stability as crude prices remain elevated in 2026. Major oil-exporting countries benefit from stronger...

Saudi Aramco Expands Gas Strategy with Major Output Growth Targets

Aramco Gas Growth continues to shape Saudi Arabia’s long-term energy strategy as the company targets a major increase in gas production capacity by 2030....

Iraq Expands Ceyhan Export Ambitions While Hormuz Tensions Continue Disrupting Oil Markets

Iraq is accelerating plans to expand Turkiye oil exports as growing security risks around the Strait of Hormuz continue disrupting regional energy flows. The...
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