Middle East
News
May 08, 2026
Aramco and ADNOC are among the companies continuing limited crude shipments through the Strait of Hormuz despite Iranian threats, shipping disruptions and sharply reduced Gulf export flows.
News
May 07, 2026
IEA Executive Director Fatih Birol met with Canadian officials to discuss oil and gas market disruption tied to the Strait of Hormuz crisis and Canada’s growing role in global energy exports.
News
May 07, 2026
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran agreement and the reopening of the Strait of Hormuz.
News
May 07, 2026
Rex International has appointed upstream veteran Mike Hopkinson as COO as the company advances operations and prepares for additional drilling activity in Oman.
News
May 06, 2026
OPEC crude production fell to its lowest level since 1990 as the Iran war and Strait of Hormuz disruption cut Persian Gulf exports and forced additional shut-ins.
News
May 06, 2026
Oil and gas prices fell sharply after reports that the U.S. and Iran are nearing a deal that could reopen the Strait of Hormuz and ease global supply disruption.
News
May 05, 2026
The U.S. paused its plan to reopen shipping through the Strait of Hormuz after renewed clashes raised escalation risks, leaving global oil and gas flows under continued pressure.
News
May 05, 2026
The U.S. said its ceasefire with Iran remains intact despite clashes in the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping.
News
May 04, 2026
Iran launched missile and drone attacks on the UAE, targeting oil infrastructure in Fujairah and driving crude prices higher amid renewed regional tensions.
News
May 03, 2026
ADNOC has unveiled a $55-billion project pipeline as the UAE moves to accelerate upstream growth following its exit from OPEC, signaling a major push to expand capacity and capture global demand.
News
May 03, 2026
OPEC+ has agreed to a modest production increase following the UAE’s exit, though supply remains constrained by ongoing disruptions in the Strait of Hormuz.
News
May 01, 2026
Dana Gas has fully settled overdue receivables in Egypt while reporting increased production in the Nile Delta, supported by ongoing investment and drilling activity.
News
April 30, 2026
OPEC+ is expected to approve a modest production increase despite the UAE’s exit and ongoing disruption to oil flows through the Strait of Hormuz.
News
April 29, 2026
Nabors says Middle East conflict is driving higher costs and logistics challenges, but international drilling demand remains strong.
News
April 29, 2026
Oil prices surged toward $120 per barrel as the Iran war and continued closure of the Strait of Hormuz tighten global supply and fuel a growing energy crisis.
News
April 29, 2026
A “seismic” shift for oil markets? Analysts say the UAE’s departure could reshape OPEC+ influence for years, despite ongoing supply disruptions keeping prices elevated.
News
April 29, 2026
President Trump has rejected Iran’s proposal to reopen the Strait of Hormuz, maintaining a naval blockade that continues to disrupt global oil supply.
News
April 28, 2026
A Japanese-linked oil supertanker has exited the Strait of Hormuz, marking a rare transit as shipping remains constrained amid the Iran war.
News
April 28, 2026
The UAE is set to exit OPEC after six decades, signaling a major shift in global oil markets as supply disruptions from the Iran war intensify.
News
April 27, 2026
The U.S. is pushing back on Iran’s proposed terms to reopen the Strait of Hormuz, with Secretary of State Marco Rubio warning Washington cannot accept Tehran controlling access to the key oil chokepoint.
News
April 27, 2026
ADNOC Logistics & Services has taken delivery of its sixth LNG carrier, expanding its fleet capacity to support global gas supply and long-term shipping contracts.
