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
Putin, Erdogan boost Russia-Turkey ties with TurkStream Putin, Erdogan are all smiles in Istanbul marking the end of construction of the offshore section of the TurkStream. The megaproject seeks to boost the relations and change Eurasia's energy market. Turkey
Turkey’s oil-and-gas drilling ship sails into eastern Mediterranean Turkey announced the launch of an oil-and-gas drilling ship in the eastern Mediterranean amid tensions with several regional countries, including Egypt and Cyprus, over the energy wealth there. Egypt
Iran’s plan to sell oil on local energy exchange could boost economy Iran’s plan to develop an alternative channel to monetize its oil through a local energy exchange faces many obstacles but holds real potential of boosting domestic capacities. Iran
Iraq halts oil exports to Iran as new US sanctions begin Iraq has announced that it will stop the export of oil to Iran from Kirkuk fields to abide by the new wave of US sanction on Iran imposed Nov. 5. Iraq
Militarization of Mediterranean rises with exploration disputes Diplomatic attempts to resolve disagreements over energy exploration in the eastern Mediterranean haven't worked so far, and the situation is becoming more and more militarized. Turkey
Iraq working to make money, not burn it up in gas flares Iraq is making progress on its project to capture the potentially lucrative gas associated with oil extracted from its southern fields, which it has been burning off for decades. Iraq
Will US sanctions sway Iran to enter oil deal with Russia? Iranians in general do not trust Russia, but their government may be looking into various oil deals with Moscow to work around US sanctions. Russia
Khashoggi killing undercuts Trump campaign against Iran The US campaign to convince the world to cut off Iran has taken a hit two weeks before oil sanctions are set to kick in. Saudi Arabia
Saudis skeptical about Russia's oil production prospects Saudi Arabia's projection that Russian oil production will dwindle significantly triggered a backlash in Moscow, which says it has options up its sleeve that will prove Riyadh wrong. Saudi Arabia
Egypt expected to become regional gas hub The Egyptian government has recently announced that the country stopped importing liquefied natural gas and managed to achieve self-sufficiency thanks to the Zohr gas field, raising hopes that Egypt would become a regional gas trading and exporting hub. Egypt
Cyprus deal to turn Egypt into major gas exporter to Europe Egypt is hoping to rely less on natural gas imports after signing a deal with Cyprus to transport gas from the small Mediterranean island before it is liquefied in Egypt for exporting to European countries. Egypt
Will Iraq comply with US-imposed Iran sanctions? Iraq is willing to abide by US sanctions against Iran, according to Prime Minister Haider al-Abadi, yet pro-Iranian parties and militias slammed Abadi, calling for support for Iran against these sanctions. Iraq
