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

Saudi Arabia raises oil prices for EU, Asia

The price increase is partially based on China's economy opening up for business after a year of slow growth due to its zero-COVID policy

Saudi Arabia raises oil prices for Asia, EU, US unexpectedly

The kingdom essentially increased the price for EU buyers by $2 a barrel, and 20 cents for US customers

Saudi Arabia to continue talks with Russia to stabilize oil prices

The price of Brent crude increased to $130 a barrel last year, and currently stands at $86.30 a barrel

Europe’s gas emergency: A continent hostage to seller prices

Europe’s reliance on Russian gas imports has been upended by sanctions against Moscow. With few options for practical alternatives, the continent will remain energy-dependent and financially-vulnerable regardless of who it imports from.

Energy ministers from Qatar and UAE predict long-term need for LNG

The Gulf officials warned that, despite a growing energy crisis exacerbated by western sanctions on Russian fuel, no new LNG supplies are expected to enter the market until 2025

UAE, UK sign energy and climate change memorandum

The MoU also includes cooperation in nuclear energy, low-carbon hydrogen, and bolstering collaboration in renewable energy

US and UAE sign $100Bln long-term investment deal for clean energy

The UAE says it will soon revise its energy strategy to align it with the goal of achieving climate neutrality by 2050

Qatar calls EU plan to cap Russian gas prices ‘hypocritical’

European nations have been scrambling to find an alternative to Russian fuel ahead of winter, and several have remained hesitant about imposing the US-orchestrated price cap

The EU’s energy security now rests in Turkey’s hands

Europe has sought to bypass Russian gas with disastrous results. Turkey, which has been positioning itself as an energy hub for the past two decades, is set to reap the benefits

West cannot solve global energy crisis by bullying and sanctioning nations: Turkey

Ankara called on western nations to stop antagonizing Iran, Venezuela, and Saudi Arabia at a time when a large part of the world has been blocked from purchasing Russian oil and gas

Global finance vs global energy: who will come out on top?

There is more to the current struggle between the oil-consuming west and the oil-producing nations than meets the eye and it runs far deeper than the war in Ukraine

Putin receives UAE president in Moscow to discuss energy markets, international issues

Before Sheikh Mohamed bin Zayed al-Nahyan arrived in Moscow, he visited Serbia to discuss mutual cooperation between the two countries

Aramco CEO slams European energy crisis plan as short-term solution

The CEO highlighted that climate change goals did not need to change but that the world needed a more viable energy plan

Pump prices shoot up in Lebanon as central bank lifts subsidies for fuel imports

Iranian officials recently reiterated an offer to provide Lebanon with 'free fuel, construct new power stations, and rehabilitate existing power networks'

Inflation battle – OPEC+ cuts production levels to boost oil prices

OPEC+ nations want to reduce oil output to compensate for high inflation and fears over a global economic recession

Turkey hikes energy costs as inflation soars

The Turkish president’s controversial economic policies have contributed the country’s deteriorating economy

Syria hikes fuel prices to highest since 2011 crisis

Syria relies solely on fuel imports from Iran, as current US sanctions have left it vulnerable to the fluctuations of the world energy market

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

Putin and MbS discuss energy cooperation days after Biden visit to Saudi Arabia

The US president returned home empty-handed after the Saudi crown prince confirmed he would not increase oil production levels or break with its OPEC+ commitments

Oil prices on the rise following Joe Biden’s fruitless trip to Saudi Arabia

While the US battles runaway inflation and skyrocketing fuel prices, the EU will likely need to begin rationing natural gas after losing access to Russian resources

Saudi energy minister hails Russia ties during surprise visit to St Petersburg

After a meeting with the Russian deputy PM, Prince Abdulaziz bin Salman said Russia-Saudi relations were 'as good as the weather in Riyadh'

Turkey hikes energy price for second time this year

Inflation reached 70 percent earlier this year as a result of an unorthodox economic strategy pursued by President Erdogan

Lebanon must drill for energy resources to halt crisis: Hezbollah leader

The resistance leader called for all political groups in Lebanon to cooperate with the aim of overcoming the crisis

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

Iranian oil minister in Venezuela to sign energy deal

Over recent months Venezuela has been able to markedly increase its oil production levels thanks to assistance from the Islamic Republic

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

Saudi, Emirati energy ministers say OPEC+ ‘leaves politics at the door’

Western leaders have so far failed to persuade their Gulf allies to increase oil production in order to lower crude prices

Saudi, UAE leaders snub Biden phone call to reduce oil prices

The US is seeking to alleviate the economic pressures of the oil price surge by encouraging its OPEC partners to increase oil output

Lebanon faces new fuel shortages as international prices skyrocket

The country’s inventory is almost depleted, and the fuel price schedule has not yet been adjusted in accordance with the rise in global prices