Oil and gas

The Chinese-flagged container shipping vessel Hui Fa transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah east of the UAE, on Oct. 13, 2026.

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.

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

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

Latest News

Explainer

Russian diesel heads to Morocco as supply crunch grips global markets

Fuel prices are displayed at a petrol station in Rabat

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 energy minister

Saudi Arabia, Russia to extend voluntary oil cuts to tighten supply

The announcement from the two most powerful members of the OPEC+ group came hours before ministers from the cartel of oil-producing nations were set to meet virtually on Wednesday.

The Tungsten Explorer, a drillship to explore for oil and gas off the coast of Lebanon.

Eni, Qatar Energy, TotalEnergies bid for Lebanon offshore gas exploration fields

The three energy companies, which are already operating in another block in Lebanese waters in the Eastern Mediterranean, submitted their tenders for offshore exploration in blocks 8 and 10.

Visitors and Aramco staff climb a dune at Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of

Saudi Arabia projects $21 billion deficit as economy diversifies from oil

The kingdom was among the world’s fastest-growing economies last year with almost 9% GDP growth after a petrodollar boom amid a global rise in energy prices due to inflation and the Ukraine war.

Visitors stop by the Aramco exhibition at the Misk Global Forum on innovation and technology, Riyadh, November 13, 2019.

Saudi Aramco makes first global LNG investment with US MidOcean stake

MidOcean Energy is in the midst of buying interests in four LNG projects in Australia as part of its growth strategy.

This photograph taken on Sept. 21, 2023, shows a view of a hybrid solar power plant, with solar panels on ground and floating, in southwestern France.

UAE’s Masdar to triple Southeast Asia’s largest floating solar plant

The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java.

United Arab Emirates

AMIR MAKAR/AFP via Getty Images

QatarEnergy, BP, others snap up Egyptian oil and gas concessions

Four blocks have been awarded one day into international bidding for the exploration of Egypt's 23 open oil and gas blocks.

Sultanate of Oman, Muscat, Qurum: the Oil and Gas Exhibition Center.

Oman's oil and gas sector drives 30% GDP growth in 2022

Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual Report.

Al Dhafra Solar Photovoltaic Independent Power Producer project is seen during a visit by the French economy minister, Abu Dhabi, United Arab Emirates, Jan. 31, 2023.

UAE, other Gulf states shift from talk to action on carbon capture tech

The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue."

Hochstein

Middle East can supply world's clean energy, says Biden's energy envoy

Amos J. Hochstein said the key lies in the effective transport of the region’s abundance of wind, sun and minerals to maintain its energy leadership.

Oil pumpers

China’s Bomesc to build $220M Qatar offshore oil, gas facility for Italy’s Saipem

The Tianjin-based engineering, procurement and construction company will build the compression facility for an oil and gas field off the coast of northern Qatar for industrial machine manufacturer Servizi Energia Italia.

People lift the regional flag during a rally in Dohuk city.

In letter to Biden, Barzani warns of Iraqi Kurdistan's collapse, urges mediation

KRG Prime Minister Masrour Barzani's letter to Biden is aimed at jolting the administration into action as tensions rise between Erbil and Baghdad.

Oil tanker

How significant is latest US seizure of illicit Iranian oil shipment?

The US government said entities affiliated with Iran's Islamic Revolutionary Guard Corps had sought to smuggle the oil to China.