Oil and gas

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Syria’s energy push could soon get a major boost from Chevron: What to know

The country's leaders are seeking to translate a flurry of oil and gas agreements into concrete investments and rebuild an industry devastated by more than a decade of war, sanctions and isolation.

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Oil falls below $74 as Hormuz traffic recovers after Iran war

Brent crude, the international benchmark for oil prices, was trading at $73.81 a barrel at 10:40 a.m. EDT, down 4.2% from Tuesday's close.

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

Early cracks are beginning to show following last week’s US-Iran deal announcement even as both sides move ahead with steps toward ending the four-month conflict.

Qatar's Energy Minister and CEO of QatarEnergy Saad Sherida al-Kaabi speaks during a press conference in Doha on June 22, 2026.

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

The deadly explosion marks an early test of Gulf efforts to revive oil and gas production following a historic energy supply shock caused by the US-Israel-Iran war.

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Explainer

What’s the status of Strait of Hormuz after US-Iran talks?

Handout Photo by the US Navy via Getty Images

Oil falls more than 3% after Iran, US signal progress in talks

MUSCAT, OMAN - JUNE 21: Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos around Qaboos Port on June 21, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reopening is unclear amid continued fighting in Lebano

Explainer

Oil’s slide wavers as Trump warns US-Iran deal ‘not final’

A general view shows the Awad oil field in the eastern Qamishli countryside in northeastern Syria, on Feb. 9, 2026.

3 Iranian tankers with 4.8M barrels of oil pass US blockade: What to know

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

Jared Szuba

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

Fuel prices are displayed at petrol station of French oil giant Total in Bordeaux, France, September 17, 2019. Picture taken September 17, 2019. REUTERS/Regis Duvignau - RC1E43667350

Global oil prices at highest since March following OPEC cuts

Oil prices have fallen significantly this year as a result of the coronavirus and the Saudi-Russia price war, but Brent crude has now risen past $36.

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. - Gibraltar rejected a US demand to seize the Iranian oil tanker at the centre of a diplomatic dispute as it prepared to leave the British overseas territory after weeks of detention. (Photo by Johnny BUGEJA / AFP) (Photo by JOHNNY BUGEJA/AFP via Getty Images)

Iranian tankers appear to be en route to Venezuela

The United States has called for shipments between the two sanctioned countries to stop.

REFILE - CORRECTING GRAMMAR Iranian oil tanker Adrian Darya 1, previously named Grace 1, sits anchored after the Supreme Court of the British territory lifted its detention order, in the Strait of Gibraltar, Spain, August 18, 2019. REUTERS/Jon Nazca - RC1770F4BD80

Iranian tanker on way to Venezuela despite US pressure

The tanker passed through the Suez Canal on Wednesday.

Anti-Gaddafi fighters fire a multiple rocket launcher near Sirte, previously one of Muammar Gaddafi's last remaining strongholds in Libya, September 24, 2011. Picture taken September 24, 2011. REUTERS/Goran Tomasevic/File Photo SEARCH "POY DECADE" FOR THIS STORY. SEARCH "REUTERS POY" FOR ALL BEST OF 2019 PACKAGES. TPX IMAGES OF THE DAY. - RC2SND9VGEDW

Turkey’s intervention in Libya turns tide to Erdogan’s advantage, for now

Ankara has thrown in its lot with the Government of National Accord for reasons that have more to do with its own interests than Libya’s.

An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov - RC23VF99O3SV

Saudi Aramco first-quarter revenues fall

The state-owned company still had a profit of $16.7 billion and gave its shareholders a big payout.

Masrour Barzani, incoming Prime Minister of Kurdistan region speaks during an interview with Reuters in Erbil, Iraq July 9, 2019. Picture taken July 9, 2019. REUTERS/Azad Lashkari - RC18551D4450

Iraq cuts federal budget from KRG, Kurds defy it as political

The Iraqi federal government cuts funds used for salaries of Kurdistan Regional Government employees; Kurds describe the move as illegal and politically motivated.

Oil Production Platform Offshore Sinai Coast

Is Egypt trying to provoke Turkey in eastern Mediterranean?

Although Egypt has stopped liquefying and exporting liquefied natural gas due to the global collapse of prices as a result of the coronavirus pandemic, it is still expanding its gas production in the eastern Mediterranean.

U.S. President Donald Trump meets with Saudi Deputy Crown Prince and Minister of Defense Mohammed bin Salman in the Oval Office of the White House in Washington, U.S., March 14, 2017. REUTERS/Kevin Lamarque - RC1BEFE58C00

Was Trump’s call about oil with Saudi leader the start of a reset in relations?

US-Saudi partnership faces both old and new challenges in post-COVID-19 Middle East.

U.S. President Donald Trump speaks with Saudi Arabia's Crown Prince Mohammed bin Salman during family photo session with other leaders and attendees at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY - RC1A069AC350

Report: Trump threatened to remove US troops from Saudi if no oil production cut

Trump told the Saudi Crown Prince that US troops would leave Saudi Arabia if OPEC did not cut production, according to a new report.

Russia doubles down on Iraq despite COVID-19

Moscow and Baghdad continue to plot a course for bilateral relations, though the process is being complicated by Iraq’s precarious political situation and the global coronavirus crisis.

Oil pump at Marmul, Oman (Photo by: Bildagentur-online/Universal Images Group via Getty Images)

What oil markets' 'bloody Monday' means for Gulf producers

Gulf producers must navigate between an angry White House and Congress, with the threat of tariffs, and uncertainty regarding Asian partners and demand as a result of the pandemic.

Is the new OPEC+ deal a win for Russia?

The new OPEC+ deal has some advantages for Russia but some of the potential long-term implications may be dire for Moscow.