UAE will speed up expansion of oil production facilities to meet global demand

The Emirati state-owned oil company will spend $150 billion over the next five years to raise the country's daily oil output by five million barrels

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

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

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

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

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

Iranian oil exports hit record high, reach pre-sanction levels

Tehran’s oil exports have been limited since former US President Donald Trump exited the 2015 nuclear accord in 2018

Washington’s theft of Syrian oil continues unimpeded

Hundreds of fuel tankers filled with Syrian oil are smuggled every month into the Iraqi Kurdistan Region by the US occupation army and its proxy Kurdish militias

Qatar secures 20 percent stake in major oil block off Brazil’s coast

Doha recently signed major, long-term energy deals with Asian and European nations as it works to expand its annual LNG production capacity from 77 million tons to 110 million tons

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

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

Turkish airstrikes decimate Syrian energy facilities: Oil Minister

The strikes have also worsened northern Syria’s water crisis, as a number of water pumps and desalination plants have been halted

Vladimir Putin discusses western oil price cap with Iraqi PM

Russia and Iraq both agreed to the recent OPEC+ decision to reduce oil production due to global recession fears

Recession fears – OPEC cuts oil demand growth forecast

OPEC has made another cut to its global oil demand growth forecast, shaving around 100,000 bpd from its projections

Washington continues its oil looting operations across Syria

Just a day earlier, the US had stolen large quantities of oil and wheat from different areas in Syria

Syria in control of only one oilfield in US-occupied Deir Ezzor: Official

US occupation troops plunder at least 80 percent of Syria's daily oil production, as Washington has established over two dozen illegal military bases in the resource-rich northeast

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

Iraq reaches $9 billion in oil revenues, first increase in three months

Iraq's October oil revenues have brought its annual revenues to approximately $99.7 billion, already surpassing its revenues from 2021

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

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

OPEC+ production cut ‘a victory for common sense’: Kremlin

Moscow says the production cut counterbalances the 'mayhem' caused by Washington over recent months

US army loots new batch of Syrian oil as fuel crisis deepens

In the middle of a fuel supply crisis, the US occupation army is stepping up the theft of Syrian oil

US army and Syrian proxies training to ‘defeat ISIS’ in oil rich region

The US and its 'international coalition' forces have used hundreds of trucks to ship Syria's stolen oil to US bases and its allies in Iraq

Explosion rocks oil refinery in southwestern city of Iran

The oil refinery is the oldest of its kind and one of the largest in the country, supplying 25 percent of Iran's fuel

US steals new batch of Syrian oil as Damascus reports $107bln in losses since 2011

US occupation troops control the vast majority of Syria's oil fields with the help of the SDF