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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 Oil Revenues Cross $6 Billion in December

Iraqi oil revenues exceeded $6 billion in December, confirming the sector’s central role in national income. Iraqi oil revenues benefited from strong export volumes...

India-UAE $3 Billion LNG Deal Boosts Trade and Strategic Cooperation

India and the United Arab Emirates have agreed to a $3 billion LNG deal, marking a major milestone in India UAE Trade. The agreement...

Iraqi Crude Exports Surge to the US

Iraq’s crude oil exports to the United States have surged past 200,000 barrels per day (bpd), reflecting growing energy trade and stronger market ties....

National Gas Plans LNG Investment to Cut Emissions in Oman

Oman’s National Gas Company is evaluating a major low-carbon expansion plan. Oman LNG investment plans now shape a strategic shift toward cleaner fuel solutions. The...

UAE and US Drive Clean Energy Advances

Platinum hydrogen systems are gaining momentum in the UAE and US, driving new clean energy opportunities worldwide. Furthermore, Africa is positioning itself as a...

US Moves Venezuelan Oil Revenue to Qatar Account After Initial Crude Sales

The Venezuelan oil sales now sit at the center of a major geopolitical and energy development involving the United States and Qatar. US authorities...

Bahrain: TotalEnergies and Bapco Energies Launch BxT Trading to Boost Regional Oil Market Presence

TotalEnergies and Bapco Energies have officially launched BxT Trading, a joint venture designed to transform petroleum product trading in the Middle East. As a...

Kuwait Launches Oil Sector Digital Transformation to Boost Efficiency

Kuwait has officially launched a comprehensive oil digital transformation, aiming to enhance efficiency, competitiveness, and profitability. The initiative includes 24 initial digital projects, with...

Greece-Owned Oil Tanker Freed After Two-Year Captivity Near Oman

The Greece-owned oil tanker St Nikolas was reportedly released near Oman’s coast after two years in Iranian custody, raising attention amid rising US-Iran tensions....

Saudi Arabia’s Maaden Gold Resources Surge by 7.8 Million Ounces

Saudi Arabia’s Maaden has added 7.8 million ounces of gold to its mineral resources, significantly strengthening its global position. As a result, the expansion...

Saudi Industrial Output Posts Strongest Growth Since Early 2023

Saudi Arabia recorded its strongest industrial production growth since early 2023, signaling renewed momentum in the Kingdom’s energy-led economy. Official data showed the Industrial...

ADNOC Greenlights SARB Deep Gas Project to Power 300,000 Homes

ADNOC has approved the Final Investment Decision for the SARB Deep Gas Development within the Ghasha Concession. Importantly, the decision strengthens UAE energy security...
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