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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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Excelerate Energy to Build Iraq’s First Floating LNG Terminal at Khor Al Zubair Port

Excelerate Energy, Inc. has signed a definitive agreement with a subsidiary of Iraq’s Ministry of Electricity. As a result, the deal will establish the...

Hyundai Motor Group to Launch First Middle East Plant in Saudi Arabia with 50,000 Vehicle Capacity in 2026

Hyundai Motor Group will start operations at its first Middle East plant in Saudi Arabia in late 2026. The facility will have an annual...

UAE Expands Energy Capacity as Fujairah Gas-Fired Power Plant Officially Begins Operations

The UAE has begun operating the new Fujairah gas-fired plant, marking a major step in its national energy expansion. The 2.4-gigawatt facility strengthens power...

Iraq Oil Exports Rebound to the US as Shipments Surge

Iraq’s oil exports to the United States rebounded sharply last week, showing a strong recovery in shipments. According to the US Energy Information Administration...

Oil Kuwait crude price rises amid global market rebound

Oil prices in Kuwait climbed steadily this week. The Kuwait Petroleum Corporation confirmed the increase, as crude oil rose by $1.46 to reach $64.53...

Global Oil Surplus May Shift To Shortage in Coming Years

The global oil surplus is expected to continue through this year and next, as production levels remain higher than demand. However, experts predict a shift toward...

Offshore Pipeline Project Boosts Iraq’s Oil Exports

Iraq has launched a major offshore pipeline project, marking a strategic step in modernizing its oil export system. The project aims to improve crude...

Green Hydrogen Project Advances in Saudi Arabia

Saudi Arabia is advancing its green hydrogen project after Saudi Arabia Refineries Co., or SARCO, signed a non-binding memorandum of understanding with UAE-based Go...

Oil Flows Boost Trade and Strengthen Iraq-Turkey-U.S. Business Ties

Oil flows through the northern pipeline could transform regional cooperation and deepen economic partnerships. The restart of exports through the Iraq-Turkey Pipeline (ITP) offers...

Aramco Acquisition Expands Stake in Petro Rabigh To 60 Percent

The Aramco acquisition of a 22.5 percent stake in Petro Rabigh marks a major move in its downstream growth. With this deal, Aramco increased...

Oman Steps Up LNG Push to Capture Global Energy Market

Oman’s liquefied natural gas growth drive is taking center stage as OQ Trading intensifies efforts to broaden its LNG portfolio. The state-owned energy company...

Oman Hydrogen Projects Enter Execution Phase

Oman is moving rapidly from planning to execution in its ambitious green hydrogen program. The nation’s strategy, led by Minister of Energy and Minerals...
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