Oil and gas

UAE battles tanker oil spill as war's environmental toll mounts

Gulf oil spills have become more frequent since the beginning of the US-Israel-Iran war on Feb. 28.

United Arab Emirates

Qatar locks in US LNG through 2054 as it looks beyond Hormuz

The Gulf state agreed to buy up to 4 million tons of US liquefied natural gas annually through 2054.

Qatar

Gulf oil exports surpass prewar levels despite escalating tanker attacks

According to data from Kpler, oil shipments through the Strait of Hormuz and alternative routes across the Middle East averaged more than 24 million barrels a day last week, surpassing prewar levels of 23.3 million.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Macron secures Gulf diesel supplies as France grapples with fuel costs, unrest

France now has commitments for 295,000 metric tons of diesel per month from the Gulf, accounting for just over 10% of the European country’s consumption.

Bahrain

Analysis

As Iran’s oil lifeline runs dry, can it outlast Trump's economic siege?

The country's last barrels of crude stockpiled beyond the reach of a US naval blockade fell to zero in October, raising the stakes for Tehran amid mounting economic distress.

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

How much oil can cushion another Middle East supply shock?

Global oil inventories stood at 3.35 billion barrels in October, the lowest level on record since January 2017, according to Kpler.

By Jack Dutton

In Bristol, reporting on regional business, climate change, AI, tech

Explainer

Russian diesel heads to Morocco as supply crunch grips global markets

Gulf countries and Russia together accounted for almost 45% of global seaborne diesel and gasoil trade before the Iran war.

Morocco

Explainer

Aramco HQ attack exposes Saudi defense gaps, infrastructure vulnerabilities

The Iran-linked Yemeni militants struck at the heart of Saudi Arabia’s oil industry this week amid an expanding campaign against key infrastructure.

Saudi Arabia

Explainer

IMF projects Gulf rebound in 2027. Can energy production keep pace?

Restoring shipping access in the Strait of Hormuz is only part of the recovery, as Gulf producers also need to repair damaged infrastructure to avoid further disruption to production and exports.

Saudi Arabia

Hormuz attacks spike after US airstrike on Iran-linked tanker

Six commercial vessels were hit in just one day in the Strait of Hormuz after an American fighter jet disabled an Iran-linked tanker that military officials accused of attempting to run the US naval blockade.

By Jared Szuba

In Washington, DC, reporting on defense, national security, military

Saudi Arabia outlines oil export plans amid escalating Houthi attacks

Saudi authorities said on Monday they were extending the suspension of operations at King Khalid International Airport after deadly attacks over the weekend by Yemen's Iran-aligned Houthis.

Saudi Arabia

Iraq devalues dinar 13% as Hormuz disruption hits oil revenue

The central bank said in a statement that it had revised the official exchange rate to 1,520 Iraqi dinars per dollar from around 1,320.

Iraq