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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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Iraq Wartime Production Cuts Hit 3.6 Million BPD Amid Strait Closure

Iraq has reduced crude production by 3.6 million barrels per day due to the ongoing Iran war. This cut leaves the country struggling to...

Saudi Arabia Red Sea Oil Route Faces New Pressure as Export Risks Grow

Saudi Arabia’s backup oil export route faces rising pressure as the Middle East conflict disrupts global energy flows. Consequently, the Kingdom is rerouting crude...

$158 Million Shagaya Grid Project to Boost Kuwait’s Energy Network

A Kuwaiti contractor has secured a major $158 million deal to develop the Shagaya power grid. The project will connect the Shagaya Solar Energy...

Saudi Arabia and Kuwait Push Energy Deals Amid Regional Tensions

Saudi Arabia and Kuwait are pushing ahead with major energy projects despite the ongoing regional conflict. The Middle East war has targeted oil and...

Saudi Aramco CEO Withdraws from CERAWeek Amid Iran Conflict

The Saudi Aramco CEO Amin Nasser has canceled his planned appearance at the CERAWeek energy conference in Houston. He chose to remain in Saudi...

European Gas Prices Spike 35% After Iran Strikes Qatar LNG Hub

European gas prices surged sharply after Iran launched strikes on key energy facilities in the Gulf. The escalation has raised serious concerns about global...

Turkey Proposes Extending Iraq’s Kirkuk Pipeline to Basra

Turkey has proposed a new plan to extend the Kirkuk pipeline to Basra. The move aims to strengthen Iraq’s oil export capacity. The proposal comes...

Iran Strikes Qatar Refinery, Escalating Gulf Energy Crisis

Iran hits Qatar refinery in a major escalation of the regional conflict, raising immediate concerns over energy security and regional stability. The attack has...

Iraq–Kurdistan Oil Dispute Escalates Amid Regional Instability

The Iraq–Kurdistan oil dispute has intensified after Kurdish authorities refused to restart exports through the northern pipeline to Turkey. The disagreement comes as regional...

Indian Navy Escorts Oil Tanker Amid Gulf Tensions

Rising tensions in the Middle East have pushed energy security into the spotlight as an Indian oil tanker sails home under naval protection. The...

UAE Oil Production Plummets Amid Strait of Hormuz Crisis

UAE oil production has fallen by more than 50% following recent regional tensions. The conflict with Iran and the effective closure of the Strait...

UAE’s Fujairah Port Reopens Amid Strait of Hormuz Tensions

Fujairah oil port resumed operations on Sunday after drone debris caused fire and disruption the day before. Fujairah oil port is now crucial to...