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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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US Firm Joins Iraq’s Push for Oil and Gas Innovation

The Iraq oil and gas investment opportunities are moving forward as Prime Minister Mohammed Shia Al-Sudani welcomed senior officials from the U.S. energy firm...

UAE Port Sees Drop in Refuelling as Tensions Rise

Fujairah, one of the UAE’s most critical maritime hubs, has seen a noticeable slowdown in refuelling activity this year. Bunker fuel sales at the...

Oman Attracts $79.6 Billion FDI as Oil and Gas Drive Growth

Oman foreign investment rose sharply to $79.6 billion in early 2025, reflecting strong international confidence in the country’s economic potential. This surge comes as...

Iraq Basrah Crude Prices Rise Despite Global Oil Slump

Oil markets faced a global decline, yet Iraq Basrah crude prices moved in the opposite direction. On Tuesday, both Basrah Medium and Basrah Heavy...

KBR Strengthens Operations with New Agreement in Iraq

The Iraq oil project at Majnoon has gained fresh momentum as KBR extended its engineering, procurement, and construction management (EPCM) contract. This two-year renewal...

Iraq Enforces New Rules on Kurdish Oil Delivery

The Iraq Kurdish oil agreement advanced as Prime Minister Mohammed Shia Al-Sudani’s Cabinet approved decisive measures to resolve disputes. This move strengthens Baghdad’s authority...

Oman Fuel Storage Expansion Boosts Strategic Energy Reserves

Oman continues to strengthen its energy security through major fuel infrastructure investments. These efforts focus on expanding Oman fuel storage capacity across key regions....

Iraq Oil Infrastructure Faces Drone Strike Damage

A drone attack has damaged vital oil infrastructure in Northern Iraq, creating new fears for energy security. The strike targeted the Ain Safni oilfield...

Iraq Hamrin Oil Field Deal Signed with HKN Energy

Iraq’s Ministry of Oil has secured a new deal with HKN Energy to develop the Iraq Hamrin oil field. This agreement strengthens Iraq’s efforts...

Qatar LNG Expansion Strengthens Global Energy Position

The Qatar LNG expansion continues to reinforce its position as a global energy leader while driving sustainable economic growth. The country’s diversification strategy is...

Iraq Oil Exports Talks Gain Momentum as APIKUR Supports Renewed Efforts

The Association of the Petroleum Industry of Kurdistan (APIKUR) welcomed the intensified Iraq oil exports talks between the Kurdistan Regional Government (KRG) and the...

UAE Oil Capacity Increase May Happen After 2027

The UAE oil capacity increase could take place beyond 2027 if global demand requires it, according to Energy Minister Suhail Mohamed Al Mazrouei. His...
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