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

Saudi Aramco lowers oil prices for Europe, raises them for the US

The decision was made one day after OPEC+ announced it would cut output by 2 million barrels per day

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

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, 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

Oil prices drop by more than 1% after OPEC+ agrees to raise production levels

Fuel paralysis: How 14 private companies control Lebanon’s oil supply and set its prices

Lebanon's energy crisis is a consequence of the state allowing 14 private companies to monopolize and set prices in this most strategic sector. How then to break this monopoly by the country's political elite, when the oil cartel is run by the same powers who govern Lebanon?

Iranian oil exports to Pakistan hindered by sanctions and thriving black market

Despite defying US sanctions on Russian fuel imports, Islamabad has shied away from doing the same with Tehran, hindering potential lucrative bilateral trade between the two neighboring states. 

US allies in Syria boost oil output for Damascus: Report

Syria faces severe shortages in fuel as a result of US looting of its oilfields and indiscriminate sanctions

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.

US court ruling opens door for Lebanese banks to be prosecuted on foreign soil

Lebanon's financial institutions have evaded any responsibility for their role in the crisis gripping the nation, and have instead placed the burden on regular citizens

Russia overtakes Iraq as India’s leading oil supplier

Since the start of the war in Ukraine, India has become the primary outlet for seaborne oil cargoes

US army steals new shipment of Syrian oil as Damascus works to protect wheat resources

Damascus says Washington and its Kurdish proxy militias are responsible for plundering 80 percent of Syria's daily oil output, and are also working to damage the nation's vast wheat fields

Stolen Syrian oil: The fuel for Syria’s partition

The role of the US military in stealing Syria’s oil runs deeper than mere petty theft. The funds are used to prop up Kurdish self-rule and ensure Syria's geographic division.

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

Turkish attacks on SDF in northern Syria disrupt US oil smuggling

US convoys in Hasakah have been limited to deterring Turkish strikes on oil installations, in fear of further degradation of the decaying infrastructure

Saudi Arabia and Kuwait deny supporting OPEC oil production increase

The OPEC+ decision last month to cut oil production by two million barrels per day strained Saudi-US relations

Yemeni armed forces prevent oil theft by foreign tanker

This is not the first time the Yemeni military intervene's to stop foreign vessels from departing off with national oil

Iran increases oil exports to 3.8 million bpd: NIGC

Iran is expected to increase production to 4 million barrels per day, and supply new customers across the global energy market

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

OPEC+ trusted to balance oil supply and demand: UAE

Gulf oil giants remain steadfast in defending a major oil supply cut by OPEC+ despite threats made by the White House

Biden turns to emergency oil reserves after latest snub from Gulf partners

The SPR has shrunk to its lowest levels in nearly four decades, as Washington continues to use the emergency reserves to keep fuel prices down

Saudi crude oil exports on the rise despite OPEC+ output cut

Saudi Arabia's increase in daily production compensates for the shortfall of other oil producing economies

Arab oil giants endorse OPEC+ production cut, shoot down US claims of ‘Saudi pressure’

The White House has been scrambling for a 'response' to their Gulf partners after failing to stop a major oil production cut ahead of midterm elections

War of words escalates as Washington says Riyadh ‘coerced’ Gulf nations to cut oil production

Despite the recent US posturing, officials in Washington say the White House has no plans to cut military cooperation with Saudi Arabia, fearing this would foster its bonds with Russia and China

Oil cuts: A perfect storm in US foreign policy 

The Biden administration’s poor dealings with oil producing countries will have major political and economic ramifications for the west

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

The world needs our oil: Iran

A successful conclusion of the Iran nuclear deal could pour at least 1 million barrels of oil into the market over the next few months

Greek tanker loots two million barrels of Yemen’s crude oil

The Greek-flagged tanker ship left Yemeni's Al-Dhaba port with $200 million worth of stolen crude oil