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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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Saudi Arabia Ready for Lower Oil Prices Shift

Saudi Arabia now signals it can manage a prolonged drop in oil prices. This Saudi oil strategy shift may reshape global energy markets. Officials in Riyadh...

Saudi Arabia Prepares for Low Oil Prices with Strategic Oil Market Shift

Saudi Arabia is signaling a new direction in oil policy. Officials have started telling allies that the kingdom can manage lower oil prices. This...

GCC Faces Economic Challenges Amid Oil Price Decline

Gulf Cooperation Council (GCC) companies are navigating a complex economic challenges landscape. The dual impact of declining oil prices and escalating trade tensions presents...

Kuwait Eyes Stake in US LNG Project for Energy Growth

Kuwait LNG strategy is exploring a key opportunity in the American energy sector. Its overseas energy arm is now in talks with Australia’s Woodside...

UAE Fuel Prices May 2025: Petrol Rises Slightly, Diesel Drops

The UAE fuel prices May 2025 have been officially announced. Starting May 1, new petrol and diesel rates will take effect across the country....

Kuwait Oil Sector Strength Grows with KNPC-KIPIC Merger

Kuwait has launched a major transformation to boost Kuwait oil sector strength by merging two major companies. The Kuwait National Petroleum Company (KNPC) and...

Iraq Oil Pipeline Talks with APIKUR End Without a Deal

Efforts to restart Iraq oil exports through the Iraq-Türkiye Pipeline remain stuck. Recent meetings in Baghdad between officials and energy companies failed to produce...

Iraq Plans Talks on Oil Pipeline Rehabilitation Through Syria

Iraq is preparing for important discussions with Syria to restart a key oil pipeline project. These talks are part of a broader Iraq oil...

Qatar and Colombia Focus on Strengthening Energy Cooperation

Qatar continues to build strong energy partnerships, focusing sharply on expanding cooperation with Colombia. In a recent meeting held in Doha, Qatar’s Minister of...

Iraq Strengthens Energy Security Through Major Projects

Iraq is making major moves to secure its energy future by cutting its reliance on imported energy. The country’s new efforts are part of...

Iraq Drilling Company Completes 13 Oil Wells Successfully

The Iraqi Drilling Company recently completed the drilling of 13 new oil wells across different oilfields. This major achievement shows the strength of Iraq's...

Iraq Oil Production Update DNO ASA Quarterly Results

DNO ASA, a prominent Norwegian oil and gas company, provided an important update on its operations in Iraq for the quarter. The company outlined...
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