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Houthi Attacks on Saudi Energy Facilities Extend Oil Rally as Brent Crude Nears $100 per Barrel

Oil rally concerns grew on Tuesday after attacks targeted several Saudi energy facilities in the southern region. Oil prices climbed as the attacks raised...
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Qatar Recovery Outlook Improves as Fitch Expects LNG Exports to Gradually Resume Through Hormuz

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OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...
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Oil Importers Turn to Longer Routes as Global Energy Trade Faces Rising Geopolitical Risks

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Houthi Attacks on Saudi Energy Facilities Extend Oil Rally as Brent Crude Nears $100 per Barrel

Oil rally concerns grew on Tuesday after attacks targeted several Saudi energy facilities in the southern region. Oil prices climbed as the attacks raised...

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Houthi Attacks on Saudi Energy Facilities Extend Oil Rally as Brent Crude Nears $100 per Barrel

Oil rally concerns grew on Tuesday after attacks targeted several Saudi energy facilities in the southern region. Oil prices climbed as the attacks raised...

Qatar Recovery Outlook Improves as Fitch Expects LNG Exports to Gradually Resume Through Hormuz

Qatar recovery is gaining support as concerns about further LNG disruptions begin to ease. Fitch Ratings has removed Qatar from its negative rating watch....

OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...

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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...

Iraq Expands Auto Gas Fueling Network

Iraq is growing its gas-powered vehicle network by opening new auto gas fueling stations in Iraq. The Ministry of Oil announced the launch of...

Uganda Signs Major Oil Refinery Deal with UAE Company

Uganda has taken a big step toward its energy goals by signing a deal with UAE-based Alpha MBM Investments. The agreement gives the company...

Iraq to Boost Oil Refining Capacity to 1.54 Million Barrels Per Day

Iraq is set to increase its oil refining capacity to 1.54 million barrels per day. Prime Minister Mohammed Shia Al-Sudani announced this significant development...

India Secures LNG Supply from Qatar Energy

India is strengthening its energy supply by securing LNG from Qatar Energy Trading. GAIL, the state-owned gas company, will start receiving shipments in April....

UK Leads FDI in Oman, Oil and Gas Focused

UK companies continue to dominate foreign direct investment (FDI) in Oman, with a significant portion directed towards the oil and gas sector. According to...
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