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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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Floating LNG Terminal to Boost Iraq’s Energy Security

Floating LNG terminal development will enable Iraq to access global LNG markets for the first time. Consequently, the project strengthens energy security and meets the...

TotalEnergies and Aljomaih Secure 400 MW Solar Plant Contract in Saudi Arabia

A consortium of France’s TotalEnergies and Saudi Arabia’s Aljomaih Energy & Water (AEW) has won the contract to develop, build, and operate a 400...

Excelerate Energy to Build Iraq’s First Floating LNG Terminal at Khor Al Zubair Port

Excelerate Energy, Inc. has signed a definitive agreement with a subsidiary of Iraq’s Ministry of Electricity. As a result, the deal will establish the...

Hyundai Motor Group to Launch First Middle East Plant in Saudi Arabia with 50,000 Vehicle Capacity in 2026

Hyundai Motor Group will start operations at its first Middle East plant in Saudi Arabia in late 2026. The facility will have an annual...

UAE Expands Energy Capacity as Fujairah Gas-Fired Power Plant Officially Begins Operations

The UAE has begun operating the new Fujairah gas-fired plant, marking a major step in its national energy expansion. The 2.4-gigawatt facility strengthens power...

Iraq Oil Exports Rebound to the US as Shipments Surge

Iraq’s oil exports to the United States rebounded sharply last week, showing a strong recovery in shipments. According to the US Energy Information Administration...

Oil Kuwait crude price rises amid global market rebound

Oil prices in Kuwait climbed steadily this week. The Kuwait Petroleum Corporation confirmed the increase, as crude oil rose by $1.46 to reach $64.53...

Global Oil Surplus May Shift To Shortage in Coming Years

The global oil surplus is expected to continue through this year and next, as production levels remain higher than demand. However, experts predict a shift toward...

Offshore Pipeline Project Boosts Iraq’s Oil Exports

Iraq has launched a major offshore pipeline project, marking a strategic step in modernizing its oil export system. The project aims to improve crude...

Green Hydrogen Project Advances in Saudi Arabia

Saudi Arabia is advancing its green hydrogen project after Saudi Arabia Refineries Co., or SARCO, signed a non-binding memorandum of understanding with UAE-based Go...

Oil Flows Boost Trade and Strengthen Iraq-Turkey-U.S. Business Ties

Oil flows through the northern pipeline could transform regional cooperation and deepen economic partnerships. The restart of exports through the Iraq-Turkey Pipeline (ITP) offers...

Aramco Acquisition Expands Stake in Petro Rabigh To 60 Percent

The Aramco acquisition of a 22.5 percent stake in Petro Rabigh marks a major move in its downstream growth. With this deal, Aramco increased...
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