Oil and gas

Benoit Tessier / AFP via Getty Images

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.

shoppers walking through the Tajrish Bazaar, a traditional market in Tehran

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.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

A vessel transits the Gulf of Oman

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.

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

Fuel prices are displayed at a petrol station in Rabat

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.

Latest News

Explainer

Aramco HQ attack exposes Saudi defense gaps, infrastructure vulnerabilities

Flames burn at a facility belonging to Saudi oil giant Aramco south of Riyadh

Explainer

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

TOPSHOT - Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /

Hormuz attacks spike after US airstrike on Iran-linked tanker

A cargo ship is pictured off coast of the Khor Fakkan Container Terminal, along the Gulf of Oman, on June 28, 2026, after Iran's top diplomat warned that any attempt by shipping to bypass its preferred route through the Strait of Hormuz would "increase tensions" in the Middle East.

Jared Szuba

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

Saudi Arabia outlines oil export plans amid escalating Houthi attacks

Guests attend the 25th WPC Energy Congress, Riyadh, Saudi Arabia, Oct. 12, 2026.

Turkey ExxonMobil

Turkey’s BOTAS signs $1.1B long-term LNG deal with ExxonMobil

Turkey and ExxonMobil have signed a major liquified natural gas deal as Ankara looks to diversify its energy sources.

This photograph taken on January 12, 2024, shows an oil refinery in the desert between Shubaytah and Shubaytah, of the Dakar rally 2024, in Saudi Arabia, on January 12, 2024. (Photo by PATRICK HERTZOG / AFP) (Photo by PATRICK HERTZOG/AFP via Getty Images)

What's behind Saudi Arabia's increase in crude oil prices for Asian market?

The kingdom wants to restrain oil production to keep demand up, but the increase in prices to Asian customers is more related to refining values, says one expert.

The Maiden's Tower is pictured.

Turkey eyes ExxonMobil LNG as country reduces dependence on Russian gas

The long-term deal being discussed with the American energy giant would give Turkey up to 2.5 million metric tons of LNG a year, Turkey's energy minister said in an interview.

View of an oil field at a base near Bentiu, South Sudan.

UAE company agreed to loan $13B to South Sudan in exchange for oil

A $13 billion loan to South Sudan, funded by Hamad Bin Khalifa Department of Projects, marks the largest-ever cash deal for the country.

United Arab Emirates

This photograph taken on Sept. 22, 2022, shows logos of TotalEnergies.

Oman LNG deal spree continues with France's TotalEnergies

The French energy major is also working on the Marsa project in Oman, which it claims is the first LNG bunkering hub in the Middle East.

ncreased tensions in the region benefit Gulf states' bottom lines in the short term, while undercutting their longer-term economic visions.

Soaring regional tensions boost Gulf budgets, threaten long-term goals

Most of the Gulf’s economic diversification plans still rely heavily on oil and gas revenues, especially in Saudi Arabia, where the most speculative parts of Vision 2030 face a lack of interest by foreign investors.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Workers tasked with putting out the fire in an oil well, set ablaze by retreating Islamic State (IS) jihadists, assemble a water pipeline in the town of Qayyarah.

Iraq plans to reopen own oil pipeline as talks to restart Kurdish route stall

The move to reopen the pipeline will irk the Kurdistan Regional Government, as it introduces a rival route to a section of the pipeline in Kurdistan that has been shut for a year and is a crucial economic source for the semi-autonomous region.

Workers walk along at refinery No. 2 (Phases 2, 3) of the South Pars Gas-Condensate field.

Turkey, Iran launch talks on energy cooperation

The talks, aiming to enhance energy cooperation between the two countries, kicked off in Tehran.

Office building of ADNOC (Abu Dhabi National Oil Company) in Abu Dhabi.

What’s behind Abu Dhabi’s $13 billion investment in gas?

The Abu Dhabi National Oil Company (ADNOC) is seeking more foreign partners as it aims to boost gas production capacity.

United Arab Emirates

ADEM ALTAN/AFP via Getty Images

From PKK to corridor project: Ambitious agenda awaits Turkey’s Erdogan in Iraq

Security cooperation and transport corridor plans are expected to top the agenda of the Turkish president’s visit to Iraq in April, the first of its kind since 2011.

A miner from Gold Fields South Africa company walks near the exit of the South Deep gold mine in Westonaria, Gauteng, on Oct. 12, 2022.

Saudi Arabia, UAE amp up Africa investments amid growing competition

Africa is seeing a major uptick in investments from the UAE, Qatar and Saudi Arabia, which presents the possibility of 'greater returns' for the Gulf states.

A view of refinery No. 2 (Phases 2, 3) of the South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian Gulf in Iran.

What’s behind Iran’s $13B investment in domestic oil industry?

Iran’s oil exports are on the rise, particularly to China, though the country faces challenges in maintaining its oil production levels.