UAE battles tanker oil spill as war's environmental toll mounts Gulf oil spills have become more frequent since the beginning of the US-Israel-Iran war on Feb. 28. United Arab Emirates
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? 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
Israel agrees for Qatar to drill in Lebanese maritime gas field After agreeing for TotalEnergies and Eni to go ahead with exploration drilling at the Lebanese cross-border Kana-Sidon reservoir, Israel has approved the Qatari Energy Consortium to buy the drilling rights. Israel
Egypt, US, Germany launch plan to reduce methane emissions The COP27 initiative seeks to accelerate Egypt's green energy transition. Egypt
Saudi Aramco makes $7 billion investment in South Korea during crown prince’s visit Saudi Crown Prince Mohammed bin Salman is seeking to boost energy, defense and investment cooperation with Seoul during his trip. Legacy: Gulf
US sanctions firms in China, UAE over Iranian oil sales The latest sanctions follow designations for Iranian state-run media staff and firms sending drones to Russia. Iran
Algeria forces Russia to make concessions As the war in Ukraine carries on, the list of problematic issues between Algeria and Moscow is growing. Russia
Turkey eyes risky energy partnership with Algeria Turkey’s plan for joint oil and gas exploration with Algeria raises the specter of operational and financial challenges for a country already under economic strain, experts say. Turkey
Iranian carmaker Saipa prepares first export to Venezuela Cooperation between Iran and Venezuela now goes beyond oil. Iran
Iraq expands refining capacity to reduce oil product imports Many of the refineries in Iraq are outdated and operate below capacity. Iraq
Libya derails Egypt-Turkey rapprochement Egypt-Turkey talks to normalize their relations were halted in the wake of Ankara’s recent oil deal with Libya's Tripoli-based government. Egypt
Libya differences stall Turkey-Egypt fence-mending Turkey’s moves in Libya have undermined its fledgling dialogue with Egypt, even as Ankara took a number of measures to restrict Brotherhood exiles to please Cairo. Turkey
US sanctions oil shipping network supporting Hezbollah, Quds Force The Treasury Department accused a Gulf-based group of individuals and front companies of concealing the Iranian origins of oil shipments. Iran
