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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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WTI Prices Slip Near $58.50 as Iraq Oilfield Restores Output

WTI Price drifted lower to near $58.50 on Tuesday as Iraq resumed oil production at the West Qurna 2 field. The recovery eased supply...

Iraqi Firm Sells 20-Year-Old VLCC Amid Tanker Price Rebound

Iraq’s Jannat Alferdos Company for Oil Services completed a VLCC sale that signals a rebound in tanker values. The deal involved a 20-year-old vessel,...

Saudi Crude Supply to China Reaches January Peak

Saudi Arabia plans to boost its crude oil exports to China, with allocations set to reach about 49.5 million barrels in January. This marks...

Oman Oil Growth Strengthens Market Momentum

Oman oil exports continued to rise by late October 2025, marking a steady improvement that signals stronger momentum across the energy sector. This development...

Iraq Oil Exports Surge Sharply to United States

Iraq's Oil Exports to the United States rose sharply last week, reaching 435,000 barrels per day. This increase positions Iraq as the second-largest oil...

Private Sector Growth Drives Saudi Economy in November

Saudi Arabia’s private sector maintained strong growth in November, with output rising at its fastest pace in ten months. The latest survey highlights the...

QatarEnergy LNG Prepares Landmark Expansion in 2026

QatarEnergy LNG is preparing to launch major new facilities in 2026. Consequently, this expansion marks a transformative phase for Qatar’s LNG industry. It will...

KPC Excellence Award Strengthens Innovation in Kuwait

Kuwait Petroleum Corporation (KPC) has launched the KPC Excellence Award to promote innovation, teamwork, and high performance across the oil sector. Accordingly, officials emphasized...

Oman–UAE Power Link Strengthens GCC Energy Integration

GCC energy integration continues to advance as the Gulf Cooperation Council Interconnection Authority (GCCIA) drives major projects across the region. Officials say GCC energy...

Oman–China Tourism Gains Strong Momentum with New Flights and Travel Measures

Oman-China tourism gains strong momentum as new flights and travel measures deepen bilateral mobility and accelerate regional travel growth. This shift matters because Oman-China...

Iraq Invites US Energy Firms to Operate West Qurna-2 Amid Lukoil Sanctions

Iraq has invited US energy firms to operate West Qurna-2, signaling a strategic shift in the country’s oil sector. Moreover, the move follows sanctions...

Iraq Khor Mor Field Resumes Operations Restoring Gas Supply to Kurdistan Power Stations

Operations have resumed at Iraq’s Khor Mor Field, restoring gas transmission to regional power stations after a recent disruption. Consequently, residents in the Kurdistan...
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