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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 Deal Signals Chevron’s Bold Return

Chevron has returned to Iraq with a new oil development agreement. The U.S. energy giant signed a fresh deal with the Oil Ministry for...

UAE Fuel Prices Shift as Global Oil Market Pressures Mount

UAE fuel prices will shift again as petrol edges higher and diesel falls. Authorities announced a slight rise for petrol, while diesel costs move...

Qatar Energy Strategy Fuels Growth Through Global Minerals

Qatar is broadening its energy footprint by moving strongly into the global minerals market. This expansion reflects the nation’s long-term strategy to diversify beyond...

Iraq Gas Power Expansion Strengthens Energy Infrastructure and Investment Outlook

Iraq has strengthened its electricity generation with the launch of gas turbine unit number 13 at the Bismayah Gas Power Plant. The Iraq gas...

Iraq-Turkey Oil Pipeline Agreement Termination Sparks Strategic Debate

The Iraq-Turkey oil pipeline agreement has triggered extensive debate over its legal, economic, and political effects. Turkey officially ended the Iraqi-Turkish Oil Pipeline Agreement...

Iraq Seawater Plant Deal with Hyundai to Boost Oil Output

Iraq has awarded Hyundai Engineering & Construction of South Korea a major contract for the Iraq seawater plant in the Artawi oil field. The...

Saudi Oil Exports to China Dip as Price Strategy Reshapes Trade

Saudi oil exports to China are expected to drop in September after reaching a more than two-year high in August. The world's largest crude...

Iraq Reboots Oil Exports to Turkiye in Strategic Energy Move

Iraq has announced the resumption of oil exports to Turkiye through the Ceyhan pipeline. The restart begins at 80,000 barrels per day. Oil Minister...

Saudi Arabia Hikes Oil Prices as Global Demand Accelerates

Saudi Arabia has increased the official selling price of its Arab Light crude for Asian buyers. The price rose by $1 per barrel, bringing...

Adnoc Distribution Profit Jumps 12% on Record Fuel Sales

Adnoc Distribution, the UAE’s top fuel retailer, posted a strong first-half result with a 12% surge in Adnoc profit. The company earned $358 million,...

Saudi Energy Pivot Signals Billion-Dollar Bet on a Post-Oil Future

Saudi Arabia is rapidly expanding its clean energy portfolio to reduce dependence on oil. A recent $8.3 billion deal added seven major renewable projects....

Iraq’s Baiji Plant Supercharges Oil Output and Slashes Import Costs

Iraq has inaugurated a 50-megawatt power station at the Baiji refinery in Salahuddin province. This new facility delivers consistent electricity directly to refinery units....
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