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
Iraq invites international bidders to Mansuriya gas field As Baghdad feels added strain from OPEC+ production cuts and continuing economic woes, the country invites international energy companies to compete for oil and gas development. Iraq
Hezbollah rejects Lebanese delegation at maritime border talks with Israel Lebanon's two main Shiite parties said the negotiating team in the border talks shouldn't include civilians. Israel
Turkey resumes energy research in disputed waters A Turkish seismic research vessel has resumed energy prospecting activities in disputed eastern Mediterranean waters, sparking renewed tensions with Greek and EU leaders, who called on Ankara to end its "provocations." Turkey
Turkey eyes economic gains in backing Azerbaijan against Armenia Turkey and Azerbaijan often describe their relationship as “one nation, two states,” but their economic exchanges have remained relatively small despite their close political and ethnic bonds. Turkey
Chevron becomes operator of two Israeli natural gas fields US gas and petrol giant Chevron is now the owner of Nobel Energy and the operator of Israel natural gas fields Tamar and Leviathan. Egypt
NATO chief presses for calm in East Med, cease-fire in south Caucasus During a visit to Ankara Monday, NATO Secretary General Jens Stoltenberg voiced support for de-confliction efforts between Turkey and Greece in the eastern Mediterranean while calling for a cease-fire in the southern Caucasus. Turkey
Two Iranian fuel tankers reach Venezuelan territory The Associated Press reported that two Iran-flagged ships reached Venezuela and a third is on its way without US interference. Together they are carrying 815,000 barrels of fuel. United States
Iranian tanker reaches coast of Venezuela Other Iranian ships are bringing fuel to and from the South American country, despite a US seizure of such vessels in August. Iran
US mediation pushes Israel, Lebanon on marking maritime border Reports say that following US mediation, Israel and Lebanon are now ready to discuss the marking of their maritime borderline. Israel
Egypt leads international coalition to confront Turkey in eastern Mediterranean Egypt, Jordan, Israel, Cyprus, Greece and Italy signed the charter to transform the EastMed Gas Forum into a regional organization based in Cairo, in an attempt to form an international lobby capable of confronting Turkish ambitions in the eastern Mediterranean. Egypt
Saudi Arabia warns of ‘oil spot’ near aging tanker off Yemen's coast UN officials have described the FSO Safer, an aging vessel that contains 1.14 million barrels of light crude oil, as a ticking time bomb. Saudi Arabia
Iran reportedly loading Venezuelan oil for sale abroad Bloomberg reported that an Iranian ship reached the South American country last week. The United States is trying to stop fuel transfers between the two countries. Iran
