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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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Oman Oil Price August Delivery 2025 Rises to 67.86 USD

The Oman oil price for August delivery 2025 recorded a slight increase on Thursday, reaching 67.86 US Dollars. This marks a rise of 20...

Oil Prices Drop Amid Demand Concerns in Saudi Arabia

Oil prices drop significantly, hitting their lowest point in two weeks during early Tuesday trading. This decline reflects growing pressure on global energy markets....

Saudi Energy Minister Highlights OPEC+ Role in Stabilizing Global Oil Market

The Saudi Energy Minister on OPEC+ oil market role emphasized the alliance’s growing importance in stabilizing oil prices worldwide, especially during global uncertainty. Speaking...

Saudi Arabia Strengthens India’s Oil Supply Resilience

Saudi Arabia has emerged as a key player in safeguarding India’s oil supply resilience. As geopolitical tensions rise near the Strait of Hormuz, Riyadh...

Strait of Hormuz Risks Prompt Supply Chain Concerns in UAE and Saudi Arabia

Businesses in the UAE, Saudi Arabia, and other Gulf countries are closely monitoring Strait of Hormuz risks. This vital shipping passage remains crucial for...

Oil Spill Near UAE Sparks Environmental Concerns After Tanker Collision

An oil spill near UAE is causing alarm after two crude oil tankers collided in the Gulf of Oman near Khor Fakkan. The incident...

UAE Oil Pipeline Route Key to Pakistan’s Energy Backup Plan

The UAE oil pipeline route is becoming essential to Pakistan’s backup plan as tensions rise between Israel and Iran. With growing concerns over a...

ADNOC Drilling Expansion into Kuwait and Oman Strengthens Gulf Oilfield Services

ADNOC Drilling expansion into Kuwait and Oman marks a strategic move to grow beyond its home base in the UAE. The company recently signed...

Energyhouse Reviews Offer for UAE Subsidiary Stake Amid Kuwait Energy Strategy Shift

Energyhouse, a leading Kuwaiti oil firm, received an offer to sell its UAE-based subsidiary. The subsidiary stake amounts to 92.5 percent of the UAE company. This...

New Oil Discovery in Saudi Arabia and Kuwait Boosts Global Energy Supply

New oil discovery in Saudi Arabia and Kuwait has sparked global attention. Both countries jointly revealed a significant find in the Partitioned Zone. According...

CPEC Subsidiary Wins Major Iraq Gas Project from TotalEnergies

China Petroleum Engineering Corporation CPEC Subsidiary has announced a big win. Its fully owned subsidiary, China Petroleum Pipeline Engineering, received a new contract. In addition,...

UAE’s $18.7B Bid to Build Global Gas Giant with Santos Takeover

Abu Dhabi’s state-owned oil company has launched a bold move to build global gas giant status by bidding for Australia’s Santos. The offer, valued...
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