Saudi Arabia led OPEC+ decision to abandon US-funded energy data: Report

A decision made in late March by OPEC+ to stop using IEA data came as a major move to distance West Asia's energy giants from Washington

Omani, British FMs meet to kickstart renewable energy projects

London and Muscat have been able to maintain strong strategic relations in the fields of military and economic cooperation

Major boost in North African imports of Russian energy: Report

Analysts have suggested that the oil is being re-exported from North Africa into European markets to alleviate the energy crisis plaguing western nations

TotalEnergies, Eni transfer 30 percent stake of Lebanese economic waters to QatarEnergy

Qatar now has a 30 percent stake in Lebanon's economic zone, with TotalEnergies and Eni having a 35 percent stake each

South Korean, UAE presidents discuss arms, energy investment

While South Korea is seeking to improve its military cooperation with the Gulf, the country has yet to release $7-9 billion in funds owed to the Islamic Republic of Iran

Lockheed Martin, Israel’s Rafael to develop high-energy laser weapons system

Israel plans to integrate IRON BEAM into its air-defense array to protect its infrastructure and strategic sites from 'emerging threats'

Iran reassures India it will meet its energy needs

Iran's deputy foreign minister is in India to discuss extensive bilateral cooperation between the two countries

Israeli energy giant ready to invest in natural gas operations in Morocco

NewMed Energy is the largest energy company in Israel, as it has invested $12 billion in the field of energy over the past decade

UAE, Israel, Jordan renew deal for solar energy, desalinated water

The deal is one of many agreements that followed the signing of the Abraham Accords in 2020 between Israel, Bahrain, and the UAE

Jordan and Saudi Arabia move closer to signing energy-sharing deal

The project, set to come online in 2025, is expected to make Jordan 'a regional hub for energy exchange'

Riyadh and Moscow discuss energy cooperation ahead of upcoming OPEC meeting

The meeting, which comes amid a fuel crisis battering western nations, will set quotas for oil production in hopes of balancing global prices

Saudi royal says White House is only one to blame for US energy crisis

The Saudi official also said the kingdom feels 'let down' by the government of US President Joe Biden

Turkey inflation reaches 61 percent amid soaring energy prices

The conflict in Ukraine has caused a surge in global commodity prices, threatening Turkey’s latest economic program which aims to achieve account surplus

OPEC+ abandons US-funded data as rift with the west grows

The move comes as OPEC+ member nations have refused to cave in to demands by the US and the IEA to increase oil production

Ansarallah missiles hit Saudi Arabia’s energy infrastructure and water desalination plant

The attack is the second major retaliatory strike on Saudi Arabia by Yemen during the last ten days

Russian FM to meet with GCC ministers in Saudi Arabia

Since the start of the Ukraine conflict, GCC countries belonging to OPEC+ have refused demands by the White House to boost oil production levels

Dubai official criticizes ‘foolish’ US bill that targets OPEC nations

Referring to the NOPEC bill as a 'bullying law,' the Emirati official condemned Washington's attempts to coerce its historic allies into increasing oil production

US senate committee passes bill to revoke sovereign immunity of OPEC members

The NOPEC bill would enable US prosecutors to sue foreign nations in US courts for 'anti-competitive behavior' in oil markets

Iraq facing pressure to sidestep OPEC, increase oil output

The pressure comes as the US and EU seek to alleviate the supply shortages and rising prices of the energy market caused by sanctions against Russia

Iraq unveils $17bn infrastructure project linking West Asia to Europe

The 'Route of Development' project would extend from Turkiye's northern border to the south of the Persian Gulf

Saudi Arabia tops oil reserves with Russian fuel, sells its own to EU

Aggressive western sanctions against Russia in the aftermath of the Ukraine war have continued to backfire

Saudi Aramco to invest in Iraqi gas field

The goal of the investment is to increase Iraq's oil output to 400 million cubic feet per day

UAE-based DP World signs agreement with Chinese seaports

The head of the Ningbo-Zhoushan seaport disclosed that the agreement will boost the development of China's Belt and Road Initiative

Car bomb outside Syrian capital kills one, injures four

The car bomb attack comes as US planners seek to create a new 'Free Syrian Army' in Raqqa

Russian oil floods global markets via major Asian intermediaries

Despite western sanctions, there is more Russian fuel being exported around the world than before the Ukraine crisis. It's just coming via Saudi Arabia, India, China, and other trading states – with steep commissions.

Saudi Aramco looking to expand into shale gas development with China, France

Aramco currently holds the second place for the largest company in the world in terms of market value

Kuwait dissolves parliament for eighth time in three years

The government last dissolved its parliament in August 2022 under similar circumstances

Arab OPEC+ members expand voluntary oil production cuts

The oil production cuts have offset the economic impact of Washington's interest rate hikes, as the US faces a slowing down economy and the possibility of a new recession

Saudi Arabia may cut crude oil prices for Asian countries: Reuters

Saudi Aramco, may reduce its official selling price of crude by 40 cents to the barrel following months of price hikes

The historic US-Saudi relationship cannot bounce back

US imports of Saudi oil are at historic lows, Chinese purchases of Saudi oil continue to grow, and Russian-Saudi energy interests have fully converged. If it's 'all about the economy,' then Saudi-US ties may never quite recover.