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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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Gulf Oil Crisis Intensifies As Kuwait Halts Exports And Prices Surge

Gulf oil crisis escalates as Kuwait began cutting crude production after storage tanks approached capacity. Officials say very large crude carriers cannot transport oil...

Oil Shock Rattles Global Markets as Middle East Tensions Escalate

Oil shock impact hit global markets this week as tensions in the Middle East intensified. Investors in Asia sold off tech stocks sharply. Meanwhile,...

Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

Rising Gulf Tensions Heighten Concern Over Oil Flow Through Hormuz

Strait closure risk dominates global energy discussions as tensions rise in the Gulf. Consequently, oil flows and trade routes face growing uncertainty. Meanwhile, governments...

Iran Oil Crisis Could Push Prices to $100

Iran oil crisis is sending shockwaves through global energy markets as tensions escalate between Washington and Tehran. Traders are closely monitoring developments, fearing potential...

Geopolitical Escalation Near Hormuz Raises Risk of Sharp Crude Price Spike

Hormuz oil shock fears spread rapidly across global energy markets after rising military tensions disrupted tanker traffic. Traders prepared for sharp volatility as crude...

Kuwait Pipeline Stake Sale Talks Advance With Global Funds

Kuwait pipeline stake discussions have entered an early but active phase. Moreover, Kuwait pipeline stake negotiations now involve several major global investment firms. As...

KPC Pipeline Deal Attracts $7 Billion Investment

Kuwait’s KPC pipeline deal is attracting interest from global investors as the company explores a $7 billion stake sale. Early talks have involved several...

Gulf Drilling Expansion Drives ADNOC Growth Plans

Dubai: Gulf drilling expansion is shaping the next phase of growth for ADNOC Drilling as the company targets larger market share in Oman and...

Iraq Oil Cooperation Expands with TPAO and BP

Turkish Petroleum (TPAO) and BP have agreed to strengthen Iraq oil cooperation through a new strategic partnership. The memorandum of understanding, signed this week,...

Saudi Ports and Suez Canal Authority Explore Strategic Cooperation in Dredging and Logistics

Saudi Arabia and the Suez Canal Authority are strengthening regional maritime cooperation through a broader partnership. The collaboration aims to enhance port operations, shipbuilding,...

Iraq Oil Flows to U.S. Jump 242,000 bpd

Iraq’s oil exports to the United States climbed sharply, reaching 325,000 barrels per day during the latest reporting week. This increase underscores Iraq’s expanding role in...
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