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
Fourth Iranian tanker reaches Venezuela as US ups pressure A State Department official said it is warning companies about doing oil-related business with Venezuela as the ships continue to arrive. United States
Libya says oil blockade has cost $5 billion in lost revenue The Tripoli-based National Oil Corporation said the closure of oil facilities in January has led to billions in losses. Libya
Egypt announces international anti-Turkey alliance Egypt announced an international alliance that includes Greece, Cyprus, the United Arab Emirates and France to confront Turkish provocative moves in Libya and the Mediterranean. United Arab Emirates
Is Turkey on moderation path in its foreign policy? Conciliatory messages coming out of Ankara recently may appear as an effort to moderate Turkish foreign policy vis-a-vis the United States, Europe and Israel, but they are likely to be just maneuvering to weather the many stalemates in Turkey's foreign ties. Egypt
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. Saudi Arabia
Iranian tankers appear to be en route to Venezuela The United States has called for shipments between the two sanctioned countries to stop. United States
Iranian tanker on way to Venezuela despite US pressure The tanker passed through the Suez Canal on Wednesday. United States
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. Turkey
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. Saudi Arabia
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. Originals
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. Egypt
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. Saudi Arabia
