Oil and gas

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

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.

Amjad Kurdo / Middle East Images / AFP via Getty Images

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.

Elke Scholiers/Getty Images

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.

Latest News

Explainer

Qatar blast underscores challenges in race to restart Gulf energy flows

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

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.

Saudi Crown Prince Mohammed bin Salman receives Kuwait’s Crown Prince Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah in Jeddah, Saudi Arabia on June 11, 2024. (Source: KSAmofaEN/Twitter/X)

Kuwait doubles down on Saudi ties driven by economics, counter-Islamism

Kuwait's newly appointed crown prince, Sheikh Sabah Khalid Al Sabah, is expected to advance the already good ties between his country and Saudi Arabia, as the two seek to further their economic prosperity.

A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. Shares in the Dubai Electricity and Water Authority (DEWA) rose 16 percent on April 12 in the Gulf region's biggest initial public offering since Saudi oil giant Aramco in 2019.

Saudi Arabia poised to raise $11.2B in Aramco's second IPO

Aramco had set a price range of its shares between 26.7 and 29.0 riyals ($7.12 and $7.73) but said on Friday it ended up pricing them at 27.25 riyals ($7.27).

Haitham al-Ghais, secretary general of OPEC, speaks with Carlos Pascual during CERAWeek by S&P Global in Houston, Texas on March 7, 2023.

OPEC chief defends oil cut phase-out plans despite bearish market

The markets reacted bearishly OPEC+'s Sunday output decision, worrying it could lead to oversupply later in 2024 despite slow demand growth.

United Arab Emirates

Omani energy minister

Interview

Oman to phase out polluting industries 'too difficult to decarbonize'

Omani Minister of Energy and Minerals Salim Al Aufi told Al-Monitor that if his government finds an industry too difficult or costly to decarbonize, there will be discussions taking place about phasing the sector out all together.

Salim Al Aufi

Salim Al Aufi

Oman Minister of Energy and Minerals

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Will Saudi Aramco's massive share sale to raise $12B pay off?

Saudi Arabia is selling a 0.64% stake in its state energy company in a bid to offset rising debt and fund its economic diversification plans, but foreign investors remain wary.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

French Foreign Minister Jean-Yves Le Drian attends the Moldova support conference at the Foreign Ministry, Berlin, Germany, April 5, 2022.

Le Drian says France keen to help Saudi Arabia transition away from oil

France's former top diplomat said that his country was supportive of Saudi Arabia's efforts to diversify its economy.

Libya's interim Prime Minister Abdulhamid Dbeibah (R) welcomes Italy's Prime Minister Giorgia Meloni as she arrives for a meeting in Tripoli on May 7, 2024.

What's behind Italy's growing Libya engagement as Russia influence expands?

Italy is seeking stronger ties with Libya’s rival groups, though this mission may be hindered by several challenges.

CAMILLE LAFFONT/AFP via Getty Images

UAE's ADNOC invests in Mozambique's natural gas in first African foray

The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement.

United Arab Emirates

A general view shows the ADNOC Facility in Fujairah on November 28, 2023.

Why UAE’s ADNOC is mulling setting up US trading desk

The UAE state-backed company recently held talks to recruit senior energy traders to oversee the expansion, Reuters reported.

In Bristol, reporting on regional business, climate change, AI, tech

This picture shows a man monitoring the board at the Saudi Stock Exchange Market (Tadawul) bourse in Riyadh, on Dec. 12, 2019.

Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings

A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs.

Sebastian Castelier

By Sebastian Castelier

In Dubai, reporting on regional business

Qatar's Finance Minister Ali bin Ahmed Al Kuwari (L) listens as his Saudi counterpart Mohammed Al-Jadaan speaks during a session at the Qatar Economic Forum in Doha on May 14, 2024.

Saudi Arabia 'conservative' on oil revenue as it pares back Vision 2030 plans

Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices.

Turkey ExxonMobil

Turkey’s BOTAS signs $1.1B long-term LNG deal with ExxonMobil

Turkey and ExxonMobil have signed a major liquified natural gas deal as Ankara looks to diversify its energy sources.