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.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on Aug. 29, 2022.

Israel’s NewMed Energy says UAE deal suspended amid Gaza 'uncertainty'

Israel-UAE relations have been negatively impacted by the war but still remain intact.

BULENT KILIC/AFP via Getty Images

Turkey doubles down on coal despite European efforts to decarbonize

Turkey has been importing around three quarters of its coal from Russia as prices have fallen since the Ukraine war began in Feb. 2022.

President and CEO of Saudi Aramco Amin Nasser speaks during a press conference in the eastern region of Dhahran, Saudi Arabia, Nov. 3, 2019.

Saudi Aramco turns to China for future oil demand as profits fall 25%

China is the biggest customer for Saudi crude but is also crucial in Aramco’s ambitions to convert 4 million bpd of its oil production into petrochemicals by 2035.

Lights illuminate a phosphate processing plant as a flame burns from a chimney in Saudi Arabia.

Kuwait's Durra gas dispute puts Iran in new showdown with Gulf rivals

The issue has added to a list of already existing tensions between Iran and other Persian Gulf states, with Kuwait and Saudi Arabia upping the rhetoric over the past year, denying any Iranian share in the vast reserve.

ranian President Ebrahim Raisi (L) and Algerian President Abdelmadjid Tebboune (R).

Iran, Algeria to build closer energy, tourism ties

Europe is increasingly interested in Algeria as an alternative to Russia for gas supplies, while Iran is seeking to boost its own gas output amid continued US sanctions.

Offshore oil rig in the gulf.

South Sudan’s oil at risk due to Sudan civil war

South Sudan depends on its northern neighbor to export its oil and is facing difficulties with the exports due to the war there and the conflict in the Red Sea.

KARIM JAAFAR/AFP via Getty Images

Qatar places major bet on gas as Saudi Aramco scores new find in Jafurah

Asian liquefied natural gas prices have fallen to a nearly three-year low as warmer winter temperatures have dampened demand.

An Iranian worker stands in front of a section of a pipeline after the project was launched during a ceremony with presidents of Iran and Pakistan on March 11, 2013 in the Iranian border city of Chah Bahar.ATTA KENARE/AFP via Getty Images)

Iran-Pakistan gas pipeline gets a reset, can it overcome sanctions?

As Tehran and Islamabad work to make progress on the Iran-Pakistan natural gas pipeline that has been decades in the making, the threat of US sanctions and financing challenges still remain.

Laborers work at the construction site of Saudi Aramco's (the national oil company) Al-Khurais central oil processing facility.

Saudi Arabia reports oil export slump after OPEC cuts

The dip in exports for the fourth quarter of 2023 was due to Saudi Arabia’s decision to reduce crude output in accordance with the Organization of Petroleum Exporting Countries and allies — the kingdom has also implemented voluntary cuts.

FABIAN BIMMER/AFP via Getty Images

Analysis

Germany to import Algerian gas, eyes long-term renewables partnership

Berlin needs to convince Algiers that green hydrogen production for export is technically feasible and economically viable.

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

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

ADNOC, BP form natural gas joint venture in Egypt

The British energy major said Wednesday it would contribute its interests in three development concessions and exploration agreements in Egypt to the joint venture.

Prince Abdulaziz 1

Saudi energy minister reveals why Aramco cut oil target by 1m bpd

In January, the world's biggest corporate crude producer said it would halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027.