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? By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Oman invests in ports with eye to becoming Gulf gateway Oman is betting on strategically located ports and container terminals to expand its logistics sector, hoping to serve as a prime gateway to Gulf markets. Legacy: Gulf
UAE foreign minister visits Cyprus The UAE has grown closer to Cyprus on energy and defense issues. By AL-MONITOR Staff
Iran claims it stopped US from seizing oil tanker Iran said the US had attempted to steal an Iranian ship carrying oil but was thwarted by the Iranian military. Iran
Egypt aims for petroleum self-sufficiency Egypt is moving forward to produce sufficient fuel to cover its needs, taking advantage of its new projects and development operations in the oil sector, bringing the country closer to achieving self-sufficiency in petroleum products by 2023. Egypt
Protests break out in Syrian city controlled by jihadist faction Protests erupted in Idlib against the Syrian Salvation Government, affiliated with Hayat Tahrir al-Sham, amid high inflation and deteriorating living conditions. Syria
Saudi Aramco close to retaking Apple as most valuable global company The recent surge in oil prices has lifted Aramco from the low point of its valuation during the COVID-19 pandemic. News Brief
Oil minister says Iran capable of resolving global fuel ‘crisis’ Iran’s oil minister said if sanctions targeting his country’s lifeline crude are lifted, the Islamic Republic will have every capability to tackle the world’s energy supply shortages. Iran
Hezbollah announces arrival of second Iranian fuel delivery The shipment could help Lebanon grapple with its worsening fuel crisis and also again defies US sanctions on Iran. News Brief
Lebanon raises fuel prices again The Lebanese government previously subsidized fuel prices amid the country's worsening economic crisis. Lebanon
Israel’s natural gas wealth fund disappoints Despite grand promises that billions of dollars would pour into Israel's sovereign wealth fund from maritime natural gas fields, little money has arrived. Israel
Lebanese energy plan includes Syria A meeting of Jordanian, Egyptian, Lebanese and Syrian ministers seems to have cracked Syria's isolation. Jordan
Power struggle over oil threatens Libya's fragile transition process Oil production shutdowns are increasingly likely as several players in the sector push their own agenda. North Africa
