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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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Qatar Strengthens Asia Ties With Long-Term LNG Deal

Qatar LNG agreement took a decisive step forward as QatarEnergy and Malaysia’s Petronas signed a 20-year liquefied natural gas supply deal in Doha. The...

QatarEnergy Secures Long-Term LNG Deal with Petronas

QatarEnergy and Malaysia’s national oil and gas company Petronas have signed a landmark LNG supply agreement. The 20-year deal will deliver two million tons...

QatarEnergy and Petronas Seal Historic LNG Partnership

QatarEnergy and Malaysia’s Petronas have finalized a landmark LNG partnership deal, marking a major milestone in global energy collaboration. This LNG partnership deal signals...

Türkiye and Saudi Arabia Seal Historic $2 Billion Solar Partnership

Türkiye has taken a decisive step in its energy strategy through a landmark solar agreement, highlighting strong regional cooperation and a growing commitment to...

Kurdistan Gas Strategy Sparks Global Investment Surge

Kurdistan’s gas strategy is transforming Iraq’s energy sector, signaling a shift in regional influence and investment patterns. It also highlights new deals that enhance...

Germany and Saudi Energy Cooperation Boosts Hydrogen and Green Initiatives

Germany and Saudi Arabia agreed to strengthen energy collaboration during German Economy Minister Katherina Reiche’s visit to Riyadh on Sunday. The move signals a...

Iraqi Oil Exports to US Drop Sharply in Latest Weekly Data

Iraqi Oil Exports to the US fell sharply last week, signaling changing trade patterns and supply adjustments in the global crude market.   To begin with,...

Iraq Cuts Oil Spending to Safeguard Budgets

Iraq’s oil sector cuts have started as the government plans urgent savings in 2026. Oil Minister Hayyan Abdulghani announced that upstream spending will drop...

UAE Projects Global Oil Demand Above 100 Million Barrels Per Day Through 2040

The UAE predicts that global oil demand will stay above 100 million barrels per day through 2040. Growing needs for energy and electricity will...

Kuwait to Build Power and Steam Plant in Ratqa

Kuwait Petroleum Corporation (KPC) signed an MoU with the Ministry of Electricity, Water and Renewable Energy and Kuwait Oil Company (KOC) to build the...

Iraq to Supply Chemchemal Gas to Industrial Clients by 2027

Iraq’s Chemchemal gas field will start supplying industrial clients in the Kurdistan Region in the second half of 2027. Consequently, the Chemchemal Gas Supply...

Saudi Arabia and Kuwait Advance Divided Zone Projects

Saudi Arabia and Kuwait strengthened cooperation on major Divided Zone Projects during a meeting in Al-Khafji, Saudi Arabia, on Sunday. Furthermore, the discussions highlighted...
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