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Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

Iran Oil Crisis Could Push Prices to $100

Iran oil crisis is sending shockwaves through global energy markets as tensions escalate between Washington and Tehran. Traders are closely monitoring developments, fearing potential...

Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

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Global Shipping Faces Rising Costs and Uncertainty Amid Gulf War Risk

War risk shock is rippling through global energy markets as insurers retreat from Gulf waters. Shipowners now face soaring costs and rising uncertainty. War...

Rising Gulf Tensions Heighten Concern Over Oil Flow Through Hormuz

Strait closure risk dominates global energy discussions as tensions rise in the Gulf. Consequently, oil flows and trade routes face growing uncertainty. Meanwhile, governments...

Iran Oil Crisis Could Push Prices to $100

Iran oil crisis is sending shockwaves through global energy markets as tensions escalate between Washington and Tehran. Traders are closely monitoring developments, fearing potential...

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Trump Targets Venezuela Oil Minerals After Iraq Lessons

US President Donald Trump has made it clear that Venezuela oil minerals are central to his administration’s latest foreign policy agenda. Following past interventions...

Production Partnerships Drive Libya Oil Expansion

Production partnerships are reshaping Libya’s upstream energy strategy as the Gulf Arab Oil Company accelerates efforts to expand output. The state-owned producer announced a...

Azerbaijan-Oman Advanced Energy Cooperation

Azerbaijan and Oman are expanding Their Energy Cooperation to strengthen ties in the oil, gas, and renewable energy sectors. Moreover, officials highlighted strategic collaboration...

Mideast Contracts Lift Wood Regional Growth

Mideast contracts powered a strong year for Wood after the company secured more than one billion dollars in awards. The Aberdeen-based engineering and consulting...

Saudi Arabia Awards 1.2 GW Khulis Solar Tracker Contract

GameChange Solar secured a 1,200 MWp tracker contract for the Khulis Solar PV Independent Power Plant in Saudi Arabia. This contract highlights the kingdom’s...

Oil Minister Highlights Arab Energy Cooperation at OAPEC Meeting in Kuwait

OAPEC Energy Cooperation stood at the center of discussions as Arab oil ministers met in Kuwait on December 15, 2025. Arab energy cooperation and investment...

Local Firm Awarded Trunk Line Project for Kuwait Oil Co.

Kuwait Oil project advances as MECC secures a crucial trunk line contract, aiming to boost northern field production. This development is pivotal for the...

Kuwait Strengthens Border Security with Major Diesel Smuggling Operation Bust

Kuwaiti authorities successfully dismantled a diesel smuggling operation, seizing a farm in Abdali and arresting nine suspects. This diesel smuggling operation highlights the government’s...

The Oil Exports od Iraq to US Decline Amid Rising Global Imports

Iraq's oil exportsto the United States fell sharply last week, according to the US Energy Information Administration (EIA). This decline comes amid a rise...

Syrian Oil Fields Agreements Strengthen Saudi-Syrian Energy Ties

Four Saudi companies have signed agreements with the Syrian Petroleum Company to develop oil and gas fields in Syria. These deals, supervised by the...

WTI Prices Slip Near $58.50 as Iraq Oilfield Restores Output

WTI Price drifted lower to near $58.50 on Tuesday as Iraq resumed oil production at the West Qurna 2 field. The recovery eased supply...

Iraqi Firm Sells 20-Year-Old VLCC Amid Tanker Price Rebound

Iraq’s Jannat Alferdos Company for Oil Services completed a VLCC sale that signals a rebound in tanker values. The deal involved a 20-year-old vessel,...