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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....
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Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

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Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...
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AI And Global Shipping Help Avoid Major Hormuz Supply Crisis

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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...

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UAE Fuel Prices Surge in April as Petrol and Diesel Costs Jump Sharply

Drivers across the UAE will face a sharp rise in transport costs from April 1 after authorities approved major increases in petrol and diesel...

Saudi Crude Oil Ships to Pakistan Navigate Strait of Hormuz Amid Regional Tensions

Saudi Arabia’s crude oil cargo is en route to Pakistan after passing through the Strait of Hormuz under tightened security measures. This transit comes...

Iraq’s Oil Exports to the U.S. Jump to 270,000 Barrels Per Day as Imports Decline, EIA Data Shows

The exports of Iraqi Oil to the United States climbed sharply last week, highlighting renewed demand for Iraqi crude in the American market. The...

Iraq Oil Revenues Show Strong February Performance

Iraq oil revenues climbed close to $7 billion in February, highlighting the country’s continued reliance on crude exports. The Ministry of Oil released official...

Saudi Oil Exports to China and India Set to Fall Amid War Disruptions

The Saudi oil is set to reduce crude shipments to its largest buyers, China and India, as regional conflict disrupts production and export flows....

Qatar Halts LNG Supply After Iran Strike

QatarEnergy declared force majeure after an LNG supply disruption caused by Iranian missile strikes on its Ras Laffan Industrial City facilities. This LNG supply...

Oman Oil Prices Drop Sharply as Global Energy Markets Turn Volatile

Oman crude oil prices dropped sharply on Wednesday, sending a clear signal of ongoing turbulence in global energy markets. The official price for May...

Iraq Wartime Production Cuts Hit 3.6 Million BPD Amid Strait Closure

Iraq has reduced crude production by 3.6 million barrels per day due to the ongoing Iran war. This cut leaves the country struggling to...

Saudi Arabia Red Sea Oil Route Faces New Pressure as Export Risks Grow

Saudi Arabia’s backup oil export route faces rising pressure as the Middle East conflict disrupts global energy flows. Consequently, the Kingdom is rerouting crude...

$158 Million Shagaya Grid Project to Boost Kuwait’s Energy Network

A Kuwaiti contractor has secured a major $158 million deal to develop the Shagaya power grid. The project will connect the Shagaya Solar Energy...

Saudi Arabia and Kuwait Push Energy Deals Amid Regional Tensions

Saudi Arabia and Kuwait are pushing ahead with major energy projects despite the ongoing regional conflict. The Middle East war has targeted oil and...

Saudi Aramco CEO Withdraws from CERAWeek Amid Iran Conflict

The Saudi Aramco CEO Amin Nasser has canceled his planned appearance at the CERAWeek energy conference in Houston. He chose to remain in Saudi...
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