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

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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...
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AI And Global Shipping Help Avoid Major Hormuz Supply Crisis

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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....

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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...

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Iraq Enforces New Rules on Kurdish Oil Delivery

The Iraq Kurdish oil agreement advanced as Prime Minister Mohammed Shia Al-Sudani’s Cabinet approved decisive measures to resolve disputes. This move strengthens Baghdad’s authority...

Oman Fuel Storage Expansion Boosts Strategic Energy Reserves

Oman continues to strengthen its energy security through major fuel infrastructure investments. These efforts focus on expanding Oman fuel storage capacity across key regions....

Iraq Oil Infrastructure Faces Drone Strike Damage

A drone attack has damaged vital oil infrastructure in Northern Iraq, creating new fears for energy security. The strike targeted the Ain Safni oilfield...

Iraq Hamrin Oil Field Deal Signed with HKN Energy

Iraq’s Ministry of Oil has secured a new deal with HKN Energy to develop the Iraq Hamrin oil field. This agreement strengthens Iraq’s efforts...

Qatar LNG Expansion Strengthens Global Energy Position

The Qatar LNG expansion continues to reinforce its position as a global energy leader while driving sustainable economic growth. The country’s diversification strategy is...

Iraq Oil Exports Talks Gain Momentum as APIKUR Supports Renewed Efforts

The Association of the Petroleum Industry of Kurdistan (APIKUR) welcomed the intensified Iraq oil exports talks between the Kurdistan Regional Government (KRG) and the...

UAE Oil Capacity Increase May Happen After 2027

The UAE oil capacity increase could take place beyond 2027 if global demand requires it, according to Energy Minister Suhail Mohamed Al Mazrouei. His...

Iraq Energy Partnership Grows with Russia’s New Agreements

Iraq's energy partnership with Russia is gaining momentum as both countries strengthen their collaboration in the oil and gas sector. This strategic alliance supports...

Iraq Secures US Tariff Exemption for Oil Trade

Iraq announced that its oil trade with the United States will not face the new 30 percent US tariff. This decision gives Iraq major...

Iraq Expands Najaf Refinery to Boost Fuel Production

Iraq has officially launched the Iraq Najaf refinery expansion to increase fuel production and improve the country’s energy security. Prime Minister Mohammed Shia Al-Sudani...

Kuwait crude oil price falls slightly to US$69.98 per barrel

Kuwait crude oil price fell slightly, closing at US$69.98 per barrel. This marks a 9-cent drop from its earlier level of US$70.07 per barrel....

Saudi Arabia Market Share Competition

Oil prices plunged after OPEC+ unveiled a larger supply boost next month. Brent crude fell by 80 cents to $67.50 a barrel.Meanwhile, US West...
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