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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 Cancels Lukoil Oil Cargoes Over Sanctions Concerns

Iraq canceled three crude oil cargoes from Lukoil oil company in November due to US and UK sanctions on the Russian company, according to...

Aramco Reports Strong Q3 2025 Earnings and Expands Gas Targets

Aramco reported solid third-quarter 2025 results, showing resilience and strategic progress across its energy and digital operations. The energy giant recorded adjusted net income...

Saudi Aramco Recalls Two Arabian Drilling Jackups for 2026 Restart

Saudi Aramco has instructed Arabian Drilling, the kingdom’s largest drilling contractor, to restart two of its suspended offshore jackup rigs. This move strengthens offshore...

AI Agreement and UAE-US Energy Partnership Strengthen Innovation

AI agreement and UAE-US Energy are shaping a new era of collaboration in energy, technology, and industrial innovation. The latest agreement aims to expand...

Adnoc Calls for Massive Investment to Power AI and Data Centres

Adnoc is calling for massive investment in energy infrastructure to meet the growing demands of AI and global data centres. Dr Sultan Al Jaber,...

Iraq Oil Exports to US Drop Significantly, EIA Reports

Iraqi oil exports to the United States fell sharply last week, according to the US Energy Information Administration (EIA). The decline highlights changes in...

Opec+ V8 Members to Approve Modest Oil Production Increase

Saudi Arabia, Russia, and six other OPEC+ members are expected to approve a modest increase in oil production during their online meeting. The decision...

QatarEnergy awards EPC contract to Samsung C&T Corporation

QatarEnergy has awarded Samsung C&T Corporation the engineering, procurement, and construction (EPC) contract for a major carbon capture and sequestration (CCS) project at Ras...

Asset Sale Signals Shift in LUKOIL’s Iraq Operations

LUKOIL, the Russian energy giant, is selling its international assets in Iraq to Switzerland’s Gunvor Group. The asset sale comes amid escalating U.S. sanctions...

Saudi Arabia’s GDP rises 5% as oil recovery drives Vision 2030 growth

The GDP of Saudi Arabia expanded by 5% in the third quarter of 2025, fueled by a rebound in oil production and strong investment...

Qatar Energy Commitment Reaffirmed at GECF Meeting in Doha

Qatar energy leadership played a central role at the 27th Ministerial Meeting of the Gas Exporting Countries Forum in Doha. The meeting focused on...

Kuwait Oil Company Drives Operational Excellence and Secures Energy Future

Kuwait Oil Company achieves record oil and gas production, advances offshore exploration, and strengthens digital transformation. KOC empowers Kuwait’s energy future with innovation, sustainability,...
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