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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....
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Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

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Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...
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AI And Global Shipping Help Avoid Major Hormuz Supply Crisis

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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...

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Iraq Partnership Boosts Premium Lubricants Access in Kurdistan

TotalEnergies and Cihan Group have entered a new partnership to improve access to premium lubricants in Iraq. The companies signed the agreement during a...

Iraq Defends Khor Abdullah Waterway Agreement in New Appeals

Iraq continues to defend the Khor Abdullah waterway agreement through firm legal actions led by its top leaders. Both President Abdullatif Rashid and Prime...

Iraq Expands Oil Exports with Iraq Offshore Pipeline Project

Iraq continues to strengthen its oil infrastructure through the Iraq offshore pipeline project. This effort aims to boost national energy exports. To begin with, Iraq...

Kuwait Merger Strengthens Oil Sector Development

Kuwait continues to reshape its energy industry through bold moves and strategic planning. In a major step forward for Kuwait's oil sector development, the...

Kuwait Boosts Oil Future with Burgan Field Upgrade

Kuwait plans to boost production at the Burgan oilfield to support Kuwait's oil production growth. The country aims to reverse the decline in one of...

Iraq Pushes Forward with Economic Diversification and Growth Strategy

Iraq is entering a transformative period of economic development, with rising investor confidence and a strong focus on economic diversification. The country is pushing...

Iraq’s Budget Needs Oil Price of $92 Per Barrel in 2025

Iraq will need an average oil price of over $92 per barrel to balance its national budget in 2025. According to the International Monetary...

Saudi Arabia Oil Price Cut Drives Export Surge to China

The Saudi oil price drop is now reshaping global crude flows as exports to China prepare to rise sharply in May. Saudi Aramco, the...

Saudi Aramco Cuts Oil Prices to Asia to Four-Month Low

Saudi Aramco, the world’s largest oil company, lowered the price of its crude oil for Asian buyers in May 2025, marking the lowest price...

OPEC+ Producers to Gradually Increase Output for Market Stability

Eight key OPEC+ countries Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman have agreed to gradually increase oil production starting in...

UAE Fuel Price Drop Brings Relief in April

The UAE April fuel prices are now lower, giving drivers across the country a reason to smile. On March 31, officials released the fuel...

Kuwait Oil Prices Drop as Global Crude Prices Slide

Kuwait oil prices drop again, showing how global trends affect local markets. Kuwait's oil price fell by USD 1.06. The price dropped from USD...
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