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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 Faces Fiscal Shock as Oil Exports Collapse During Gulf Conflict

A sudden drop in crude shipments now threatens Iraq’s economic stability. The Iraq oil crisis has raised serious concern among economists and policymakers. Iraq...

BGC Confirms Energy Infrastructure Stability Despite Tanker Strikes

Basra Gas Company (BGC) confirmed today that its primary facilities remain fully operational following a high-profile maritime incident. In the early hours of Thursday,...

QatarEnergy Halts LNG Exports Amid Strait of Hormuz Freeze

QatarEnergy recently halted all operations at its massive LNG production complex this Wednesday. Data confirms that no shipments have left the country for five...

Oil Prices Drop Sharply as Kuwaiti Crude Falls to $113

The price of Kuwaiti crude oil declined sharply this Tuesday as global markets reacted to shifting supply expectations. Data from the Kuwait Petroleum Corporation...

Kuwait Oil Company Triggers 30% Workforce Rotation

The Kuwait Oil Company (KOC) transitioned to an emergency "30% workforce" model this Tuesday. This precautionary measure aims to protect personnel during the ongoing...

Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by...

Aramco Halts World’s Largest Offshore Fields Amid Conflict

Global supply shock risks surged Tuesday as Saudi Aramco shuttered four of its most productive offshore oilfields. The state-owned giant suspended operations at Safaniya,...

Kuwait Triggers Force Majeure as Regional Conflict Escalates

Global energy shock risks reached a critical level as the Kuwait Petroleum Corporation (KPC) declared force majeure on its group operations. The state-owned giant...

Iraq’s Oil Fields Shut Amid War Escalation, Global Markets on Edge

Global oil supply experienced a significant disruption on Monday as multinational energy corporations initiated emergency evacuations from southern Iraq. Major service firms, including Halliburton,...

Saudi Arabia Offers Rare Spot Crude Amid Hormuz Freeze

Global oil crisis conditions worsened Monday as Saudi Arabia took the unusual step of offering crude on the spot market. This move follows the...

Weekly Oil Exports to the U.S. Dip as Iraqi Shipments Fall, EIA Data Shows

Weekly oil exports recently dipped as the United States adjusted its global energy intake from major partners. New data from the U.S. Energy Information...

Hormuz Crisis Triggers Global Supply Chain Shock and Energy Fears

Military targets threaten Persian Gulf ports. In addition, the Strait of Hormuz is effectively closed, causing fuel prices and shipping rates to surge. Shipping companies...
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