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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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Tanker Hit by Projectile Leaving Strait of Hormuz Hours After Vessel Fire Off Oman’s Khasab, UKMTO Says

A tanker was struck by an unidentified projectile while leaving the Strait of Hormuz on Thursday, the UK Maritime Trade Operations center said, hours after it reported a vessel on fire off Oman's Khasab.

Houthis Say They Attacked Ras Tanura, Rabigh Refineries and Aramco’s Abqaiq Site; No Saudi Confirmation

Yemen's Houthis said on Thursday they attacked Saudi Arabia's Ras Tanura and Rabigh refineries, an Aramco facility in Abqaiq and two international airports. Saudi authorities did not immediately confirm the claims.

Exxon and Chevron Cancel Executive Trips to Abu Dhabi’s ADIPEC Over Security Concerns, Sources Tell Reuters

ExxonMobil and Chevron have canceled plans for their executives to travel to ADIPEC in Abu Dhabi next week, citing security concerns, two sources told Reuters. Both companies declined to comment.

Energy Firms Are Spending More on AI, but Only 52% Trust Grids to Meet Its Power Demand, ADNOC-Microsoft Study Finds

Some 89% of energy leaders raised AI spending over the past year, but only 52% are confident existing infrastructure can meet AI-driven power demand, a study by ADNOC, XRG and Microsoft found.

QatarEnergy Is Buying US and Other LNG to Earn Revenue if Hormuz Is Disrupted Again, Al-Kaabi Tells Reuters

QatarEnergy is buying long-term LNG supply from the US and other producers so it can earn revenue if exports through the Strait of Hormuz are disrupted, CEO Saad Sherida Al-Kaabi said.

Masdar Starts Building 200MW Floating Solar Plant in Malaysia, Its First Project in the Country

Abu Dhabi's Masdar and Malaysian partners began building the 200MW Chereh Dam floating solar plant, financed with about RM580 million from three international lenders.

Woodside Signs 20-Year Deal to Supply QatarEnergy With Up to 3 Million Tons a Year of Louisiana LNG

Woodside Energy has signed a 20-year agreement to supply QatarEnergy with up to 3 million tons a year of LNG from its Louisiana LNG project, the Australian company said on Thursday.

Borouge Third-Quarter Sales Volumes Rise 22% as Output Recovers, Net Profit at $109 Million

Borouge's sales volumes rose 22% from the previous quarter to 1.07 million tonnes in the third quarter of 2026, while net profit was $109 million as lower polyolefin prices weighed on margins.

Abu Dhabi’s Al Gharbia Pipe Company Expects Demand to Rise as Gulf States Plan Hormuz Bypass Pipelines

Al Gharbia Pipe Company expects more orders as Gulf countries plan pipelines that avoid the Strait of Hormuz, and aims to raise output to 200,000 tonnes next year.

ACWA Power Signs $478 Million Water Purchase Deal with DEWA for Hassyan Desalination Plant

ACWA Power signed a water purchase agreement with Dubai Electricity and Water Authority for the Hassyan independent reverse osmosis desalination project, valued at about $478 million, with financial impact expected from 2030.

Petro Rabigh Swings to SR2.57 Billion Third-Quarter Profit on Higher Refining Margins

Rabigh Refining and Petrochemical Company (Petro Rabigh) reported a third-quarter net profit of SR2.57 billion, against a loss of SR1.24 billion a year earlier, as higher volumes, prices and refining margins lifted results.

QatarEnergy Extends Force Majeure on LNG Cargoes to Italy’s Edison Until End of December

QatarEnergy has sent Edison a new force majeure notice covering LNG cargoes due at Italy's Adriatic LNG terminal through the end of December.
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