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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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QatarEnergy Reports 69% Profit Decline and 35% Revenue Drop Amid LNG Export Disruptions

QatarEnergy Financial Results reveal a sharp decline in profit and revenue during the first half of 2026. The state-owned energy company faced significant disruptions...

Oil Prices Fall as Hormuz Shipping Risks and US Sanctions Plans Shape Market Outlook

Oil Prices fell by more than 1% on Thursday as investors assessed supply risks and Middle East tensions. Traders weighed attacks near the Strait...

Kuwait Petroleum Corporation Pledges Reliable Energy Supplies Despite Regional Challenges

Kuwait Energy commitments remain a priority as Kuwait Petroleum Corporation continues supporting customers and partners worldwide. The company says it will maintain its obligations...

Honeywell Partners with GPIC to Develop New $Bahrain Aromatics Complex

GPIC aromatics development is moving forward as Gulf Petrochemical Industries Company partners with Honeywell Technologies on a major industrial project in Bahrain. The companies...

Saudi Arabia Signs Major Energy Cooperation Deals with Kuwait, Qatar and Egypt to Strengthen Regional Security

Energy Cooperation is gaining momentum as Saudi Arabia signs new agreements with Kuwait, Qatar and Egypt to expand regional collaboration. Saudi Energy Minister Prince...

Iran War Disrupts Middle East LNG Exports and Raises Global Energy Supply Concerns

The LNG Crisis continues to challenge the Middle East energy industry as the Iran war disrupts exports and threatens shipping routes. Although some regional...

Gulf GDP Growth Can Be Misleading as Oil Production Shifts Across the Region

Gulf GDP figures can change sharply when oil production rises or falls across major energy-producing economies. However, headline growth does not always reflect the...

Oil Prices Rise as Middle East Shipping Attacks Increase Supply Concerns Across Global Energy Markets

Oil Prices: Brent crude climbed to $102.28 per barrel on Thursday morning. West Texas Intermediate also advanced to $89.94 per barrel. Meanwhile, traders continued...

Adnoc Partnership with Dangote Opens New Growth Opportunities Across Africa’s Energy Market

Adnoc partnership with Nigerian industrialist Aliko Dangote could deepen Abu Dhabi’s role in Africa’s energy market. Abu Dhabi National Oil Company has acquired an...

Gulf Oil Producers Offer Deep Discounts to Win Back Buyers Amid Rising Shipping Costs and Hormuz Risks

Gulf oil discounts are growing as producers try to attract buyers despite rising shipping costs and regional risks. Saudi Arabia and Iraq have offered...

Kuwait Oil Output Holds at 2 million Barrels as Tankers Return Through Hormuz

Kuwait oil output currently stands near 2 million barrels per day. That level represents about 75 percent of the country’s pre-war production. Meanwhile, more...

Adnoc Expands Gas Carrier Fleet with $324 Million Order for Three New Vessels to Boost Future Energy Exports

Adnoc Logistics & Services is expanding its shipping capacity with three new gas carriers. The move will strengthen its gas carrier fleet as regional...
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