Analysis Why the Hormuz oil shock never became an energy catastrophe The US-Israel-Iran war produced a historic oil supply shock but not a severe global economic crisis, due to ample prewar supplies, China's energy pivot and strategic reserve releases. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Explainer After UAE and Qatar, could Iraq be next to leave OPEC? Iraq is seeking a higher production quota as the effective closure of the Strait of Hormuz has slashed oil revenues and plunged the country into a fiscal crisis. Iraq
Explainer 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. Syria
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. Iran
Top German diplomat criticizes Turkey's drilling plans in Mediterranean German Foreign Minister Heiko Maas repeated the concerns of other European states regarding Turkey's gas drilling plans in what Greece and Cyprus consider their waters. Turkey
East-Med undersea pipeline project now ratified by Israel Advancing the East-Med project one step further, Israel’s government ratified the agreement signed last January with the governments of Cyprus and Greece. Israel
Massive pipeline fire injures 17 near Cairo The highway fire, which engulfed scores of cars, is believed to have been caused by leakage from a nearby crude oil pipeline. Egypt
US threatens sanctions in bid to restore oil sharing in Libya The US government raised the specter of sanctions on unspecified parties involved in Libya’s civil war yesterday after Libya’s oil authority accused the United Arab Emirates (UAE) of obstructing efforts to restore petroleum revenue sharing between the country’s warring sides. Libya
Report: Energy producers in Middle East to earn billions less in oil revenues The International Monetary Fund's prediction that was reported by The Associated Press is the latest negative outlook for Middle Eastern economies. Originals
Iran cuts oil production and storage is nearly full amid pandemic, US sanctions Reuters reported that Iran's onshore storage facilities are nearly full while production is at its lowest point since the Iran-Iraq war. United States
Israel approves exploration, bidding on disputed offshore field Energy Minister Yuval Steinitz announced June 23 the opening of bidding for drilling in Block 72, off Israel’s northern shores, which Lebanon says is adjacent to its own fields. Israel
Israel, Egypt energy ties so far unaffected by coronavirus crisis, annexation plan Despite the coronavirus crisis and the annexation plan, agreements to export Israeli natural gas to Egypt remain intact. Israel
OPEC continues oil export cuts in June Global oil prices continue to hold up relative to earlier in the year as oil-producing countries in the Middle East struggle economically. Legacy: Gulf
US troops 'secure' northeast Syria oil, as contamination from it imperils lives Dilapidated pipelines and oil waste coat polluted rivers and streams in Kurdish-run northeast Syria. Syria
IMF official: Gulf economies to contract by 7.6% in 2020 The International Monetary Fund official's predictions are worse than earlier ones as the Gulf deals with oil price drops and the COVID-19 pandemic. Legacy: Gulf
Intel: Democrats try to stymie Trump’s 'secure the oil' mission in Syria Democrats are turning up the heat on President Donald Trump’s “secure the oil” mission in northeast Syria. Originals
