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

ADNOC headquarters (Abu Dhabi National Oil Company) office complex (C).

Affiliate of Abu Dhabi oil company to list on stock exchange

Borouge is ADNOC’s joint venture with Austrian petrochemical firm Borealis AG.

United Arab Emirates

A picture taken on October 17, 2017, shows excess flammable gasses burning from gas flares at the Havana oil field, west of the multiethnic northern Iraqi city of Kirkuk.

Iraqi Kurdistan government denies taking control of oil fields in Kirkuk

An oil company run by the Iraqi Ministry of Oil alleged that the Kurdistan Regional Government’s forces took over some oil fields in the disputed northern province.

This picture taken on Nov. 17, 2019, shows the Liberia-flagged container ship RDO Concord sailing through Egypt's Suez Canal.

Ukraine war drives more traffic to Egypt's Suez Canal, increasing revenues

Although Egypt is being adversely affected by the war in Ukraine, the Suez Canal is benefiting greatly from Western countries sailing into the Gulf in search of oil.

PKK fighters guard a post bearing an image of jailed PKK leader Abdullah Ocalan.

Kurdistan officials concerned about PKK, Iran and energy sector

High-ranking officials from the Kurdistan Region of Iraq have voiced concerns over the lack of effective collaboration from Baghdad and risks to security from the presence of the PKK.

Iraqi-Kurdistan

UK Prime Minister Boris Johnson (R) and Iraqi Kurdistan Regional Government Prime Minister Masrour Barzani.

Russian ambassador to Iraq: ‘No objections’ to Kurdistan Region exporting gas to Europe

Elbrus Kutrashev spoke to the Kurdish news outlet Rudaw about plans to export natural gas from the autonomous part of northern Iraq to Europe in response to the war in Ukraine.

STEFANI REYNOLDS/AFP via Getty Images

OPEC+ alliance endorses slight increase in oil production

Saudi Arabia, the UAE and other have largely resisted US calls to boost production but settled on a marginal increase today.

NIKOLAY DOYCHINOV/AFP via Getty Images

Bulgaria looks to Turkey for help with gas shortage

Russia has cut gas exports to Bulgaria, leaving Sofia looking to Ankara, which has some tough decisions to make.

Liquefied natural gas ship FSRU Independence at Klaipeda liquefied natural gas floating storage and regasification unit terminal port, Klaipeda, Lithuania, April 15, 2022.

Israeli cybersecurity firm protects gas transfers between Poland, Lithuania

Waterfall deployed its system to the eastern European countries in response to the war in Ukraine. The move comes at a low point in Israel-Russia relations.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

World Bank

IMF: Oil producers better prepared for Ukraine-related economic downturn

The International Monetary Fund’s report also highlighted currency depreciation in Egypt, economic effects of the war in Yemen and Jordan’s fledgling tourism sector.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

refinery of Italian multinational oil and gas company ENI

Italy's ENI to tap North African gas for Europe

Europe’s race to reduce its energy dependence on Russia has put the spotlight on Algeria, Egypt and Libya, but their capacity to boost exports in the short term is limited and any significant increase would require large investments and stability.

DIMITAR DILKOFF/AFP via Getty Images

US becomes Turkey's second biggest gas supplier, but for how long?

Turkey's second biggest gas supplier over the past winter was the United States, but Ankara may have to turn back to its neighbors to ensure it has sufficient supplies.

An electronic sign on a building shows the price of Brent crude oil in Hong Kong, March 9, 2022.

Brent crude falls nearly 10%, OPEC basket drops slightly

Saudi Arabia has acted to keep prices high recently against the wishes of the US.