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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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U.S. Tightens Iran Oil Sanctions Targeting Iraqi Smuggling Networks

The U.S. government has expanded Iran oil sanctions to target several networks accused of smuggling Iranian oil. These sanctions aim to block profits that...

Iraq Oil Cooperation Talks Boost Energy Ties with Russia

Iraq oil cooperation continues to grow stronger through recent high-level talks with Russia. Iraq’s Minister of Oil, Hayan Abdul Ghani, led a key meeting...

Basrah Crude Prices Slip as Global Oil Market Stabilizes

Basrah crude prices declined slightly as the international oil market showed signs of stabilization. The drop affected both Basrah Heavy and Basrah Medium, highlighting...

Kuwait Oil Price Increases as Global Benchmarks Decline

The Kuwait oil price recorded a slight increase, climbing by 22 cents to reach $69.23 per barrel. This development signals a modest gain in regional oil...

UAE Petrol Prices Rise in July Despite Global Oil Drop

UAE petrol prices rise in July, affecting motorists across the country. This follows the monthly update from the UAE fuel price committee. Drivers now...

Iraq Economic Growth Ranks 4th Among Arab Oil Producers

The improvement of economic performance in Iraq will rise to 4.1% in 2025, according to the International Monetary Fund's latest projections. This follows a...

Iraqi Oil Exports to US Decline as Canada Leads Supply Surge

Iraqi oil exports to US fell noticeably last week, reflecting changes in the US crude oil import landscape. According to data released by the US...

Oman Oil Price August Delivery 2025 Rises to 67.86 USD

The Oman oil price for August delivery 2025 recorded a slight increase on Thursday, reaching 67.86 US Dollars. This marks a rise of 20...

Oil Prices Drop Amid Demand Concerns in Saudi Arabia

Oil prices drop significantly, hitting their lowest point in two weeks during early Tuesday trading. This decline reflects growing pressure on global energy markets....

Saudi Energy Minister Highlights OPEC+ Role in Stabilizing Global Oil Market

The Saudi Energy Minister on OPEC+ oil market role emphasized the alliance’s growing importance in stabilizing oil prices worldwide, especially during global uncertainty. Speaking...

Saudi Arabia Strengthens India’s Oil Supply Resilience

Saudi Arabia has emerged as a key player in safeguarding India’s oil supply resilience. As geopolitical tensions rise near the Strait of Hormuz, Riyadh...

Strait of Hormuz Risks Prompt Supply Chain Concerns in UAE and Saudi Arabia

Businesses in the UAE, Saudi Arabia, and other Gulf countries are closely monitoring Strait of Hormuz risks. This vital shipping passage remains crucial for...
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