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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...
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Rising Gulf Tensions Heighten Concern Over Oil Flow Through Hormuz

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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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Geopolitical Escalation Near Hormuz Raises Risk of Sharp Crude Price Spike

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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...

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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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UAE Fuel Prices Rise As December Begins

UAE fuel prices will increase in December as global benchmarks continue to fluctuate. UAE fuel prices also appear in the national update issued on...

Clean Energy Project Powers Sheikh Wasan Village

The Rwanga Foundation’s Clean Energy initiative has successfully delivered 24-hour electricity to Sheikh Wasan village in Erbil province. The project marks a major milestone...

Khor Mor Drone Attack Halts Power Supply

A drone attack struck the Khor Mor gas field in Sulaimani province, halting natural gas transfers and triggering major power outages. Consequently, the incident...

Iraq Sanctions Waiver Request Gains Momentum Amid Lukoil Exit Pressures

Iraq sanctions waiver discussions gained momentum this week as Baghdad held further talks with Washington. The Iraq sanctions waiver request seeks six months of...

Middle East Oil Producers to Boost Supplies to India in December

Middle Eastern oil producers Saudi Arabia, Iraq, and Kuwait will increase crude oil supplies to India in December. This move comes as Indian refiners...

Natural Gas Sector Expansion Continues Oman

Oman natural gas production continued to grow steadily by the end of September 2025, showing ongoing expansion in the country’s energy sector. Oman natural...

Iraq Oil Exports to US Rise to 195000 Barrels Per Day

Iraq oil exports to the United States rose sharply last week, reaching 195,000 barrels per day. This marks a notable increase in Baghdad’s energy...

Oman Signs Pact to Supply Green Fuel to Ships

Oman green fuel takes a major step forward as the country signs a pact to supply ships with carbon-free energy. The agreement will establish...

Kuwait Commemorates 34 Years Since Last Oil Well Fire

Well extinguishment in Kuwait marks 34 years since Iraqi forces set fire to the last of 737 oil wells in February 1991. The event...

ADNOC Drilling Acquires 80% of MB Petroleum to Expand Gulf Presence

The ADNOC Drilling will acquire an 80% stake in MB Petroleum Services, marking its second regional acquisition. This move accelerates the company’s expansion across...

Iraq Cancels Lukoil Oil Cargoes Over Sanctions Concerns

Iraq canceled three crude oil cargoes from Lukoil oil company in November due to US and UK sanctions on the Russian company, according to...

Aramco Reports Strong Q3 2025 Earnings and Expands Gas Targets

Aramco reported solid third-quarter 2025 results, showing resilience and strategic progress across its energy and digital operations. The energy giant recorded adjusted net income...
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