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

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.

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

Israel, Egypt to expand gas pipeline infrastructure

Increased production in Israeli fields necessitates transporting more gas to Egypt, which is then converted to LNG and sold to Europe

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

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

Bulgaria, Turkiye sign 13-year gas deal

The agreement will facilitate the transit of 1.5 billion cubic meters of gas per year into Bulgaria through the BOTAS gas network

Chinese leader urges GCC nations to adopt yuan, Shanghai exchange for oil and gas trade

Xi Jinping called China and Gulf nations 'natural partners' and urged regional leaders to be partners in promoting unity, development, and security

Yemen’s Ansarallah sets conditions for resumption of gas exports

Sanaa requires directing LNG export revenues to pay state employees' salaries

Iran to provide Russia with 40 turbines to bolster gas industry

Since the beginning of the war in Ukraine, the Kremlin has halted sending supplies and gas into Europe due to western imposed sanctions on Moscow

EU will not receive any extra gas from Qatar this winter: Official

The minister’s comments come in the aftermath of the OPEC+ production cut, which has left Washington and its allies scrambling to secure oil

Moscow to build ‘natural gas hub’ in Turkey: Erdogan

Both authorities consider Turkey’s Thrace region, bordering Greece and Bulgaria, to be the best viable option for gas exportation

Saudi minister blames Washington for soaring fuel prices in the US

Saudi Arabia’s Minister of State, Adel al-Jubeir, rejected the claim by the US that the OPEC+ production level cut is political in any way

Turkey, Israel to negotiate transport of gas to EU: Presidency

Chevron, Israel's NewMed Energy, and Ratio Oil are looking to increase natural gas production in the Leviathan gas field from 12 billion cubic meters to 21 billion cubic meters annually

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

French Foreign Legion arrives in Yemen to secure gas facility

France reportedly aims to export gas from the facility in Shabwah in order to reduce Europe's reliance on Russian fuel

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

Time for Palestine to claim its stolen gas

Hezbollah has threatened Israel with war if Lebanon is not allowed to exploit its share in the Karish gas field. Now, the Palestinian resistance may do the same over their “stolen gas” off the Gaza Strip.

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

Beggaring Europe: switching cheap Russian gas for expensive American LNG

EU steps to significantly reduce Russian gas imports will see Europe newly dependent on much pricier US liquefied natural gas

Algeria signs multi-million dollar oil, gas deals with China

The oil deal marks the second agreement signed between the Algerian national oil and gas company and China within 10 days

Fuel prices in Lebanon reach new heights as currency continues to depreciate

Lebanon has also been hit hard by a growing food crisis exacerbated by the conflict in Ukraine

‘Rublegas:’ the world’s new resource-based reserve currency

Rublegas is the commodity currency du jour and it isn’t nearly as complicated as NATO pretends. If Europe wants gas, all it needs to do is send its Euros to a Russian account inside Russia.

Kuwaiti FM says Iran not part of Arash gas field project

Kuwait claims it owns over 50 percent of the gas field, while Iran affirms that both countries own equal shares

Militants in Syria’s Idlib capitalize on rising global prices

The militant group, HTS, has been using the Ukraine crisis to profit in the Idlib region of Syria, which has a 97 percent poverty rate

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 long gas lines as fuel inventory reaches end: Update

Lebanon’s energy minister has said that the gas supply could last until the end of the month, dispelling rumors that the inventory will be empty within 10 days

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