Middle East
News
July 12, 2026
The United States launched a third round of strikes on Iran as Tehran declared the Strait of Hormuz closed to commercial shipping, escalating tensions that threaten global oil exports and energy markets.
News
July 10, 2026
Oil prices declined as the United States and Iran continued technical talks following renewed military strikes, easing immediate supply concerns even as tanker traffic through the Strait of Hormuz remained below normal.
News
July 10, 2026
ADNOC Logistics & Services has ordered four 175,000-m³ LNG carriers valued at approximately $900 million, expanding its LNG shipping fleet to support growing global gas demand and ADNOC's LNG marketing strategy.
News
July 10, 2026
A limited number of oil tankers continue to transit the Strait of Hormuz via the Oman shipping corridor despite renewed U.S.-Iran military strikes, while observable vessel traffic remains below normal levels.
News
July 09, 2026
Commercial shipping through the Strait of Hormuz slowed sharply after renewed U.S. and Iranian military strikes, with tanker traffic, LNG movements and marine insurance activity reflecting growing concerns over Middle East energy exports.
News
July 09, 2026
The U.S. and Iran exchanged a second round of airstrikes as tensions escalated in the Strait of Hormuz, disrupting commercial shipping, delaying LNG operations and raising concerns over global oil supplies.
News
July 08, 2026
The U.S. launched a second day of military strikes on Iran, citing attacks on commercial vessels in the Strait of Hormuz, as renewed conflict heightened concerns over regional energy security and global oil supplies.
News
July 08, 2026
ADNOC has expanded its long-term energy partnership with South Korea through a new agreement covering crude oil supply, strategic storage and emergency supply coordination, further strengthening energy security in Asia.
News
July 08, 2026
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the U.S. would "probably" launch additional military strikes, raising the prospect of renewed conflict in one of the world's most important oil-producing regions.
News
July 07, 2026
EIA's July short-term outlook raises its global oil production forecast as Strait of Hormuz shipping recovers, while projecting lower Brent crude prices and continued growth in U.S. crude production and LNG exports.
News
July 07, 2026
Fluor has been selected for Aramco's long-term program management consultancy agreement, positioning the company to support future upstream, downstream and infrastructure projects across the energy giant's global capital portfolio.
News
July 07, 2026
Iraq has restored production at three major southern oil fields after tanker exports resumed through the Persian Gulf, reversing temporary output cuts caused by disruptions following tensions around the Strait of Hormuz.
News
July 06, 2026
Fulkrum reported 51% year-over-year revenue growth in the Middle East during the first quarter and plans to double its regional workforce over the next year as demand for inspection, asset integrity and technical staffing services continues to grow.
News
July 06, 2026
Worley has been selected as one of 11 contractors on Aramco's five-year project management consultancy program, supporting engineering and project delivery across one of the world's largest energy capital investment portfolios.
News
July 05, 2026
Seven OPEC+ members have agreed to increase collective oil production by 188,000 bpd in August, continuing the gradual rollback of voluntary production cuts while reaffirming their commitment to maintaining market stability.
News
July 01, 2026
Oil prices fell for a third consecutive session as crude exports through the Strait of Hormuz continued to recover and indirect U.S.-Iran talks showed signs of progress, easing supply concerns despite ongoing geopolitical tensions.
News
June 30, 2026
SLB has been awarded a seven-year contract by Kuwait Oil Company under the Ahmadi Innovation Valley initiative to support AI, digital technologies, production optimization, reservoir management and applied upstream research. The agreement also includes plans for a dedicated innovation facility in Kuwait.
News
June 30, 2026
ADNOC is proposing a new pricing methodology for Upper Zakum, Das and Umm Lulu crude that would link official selling prices to the Dubai benchmark rather than Murban futures. The move could simplify regional pricing comparisons as the UAE expands crude exports.
News
June 29, 2026
After a fresh round of U.S. and Iranian strikes raised new concerns over Strait of Hormuz shipping, Washington and Tehran are preparing to resume talks in Doha as oil markets weigh the prospects for a lasting de-escalation.
News
June 25, 2026
Iraq is pressing OPEC for a higher production quota as it seeks to recover revenues lost during the Iran conflict, while officials briefly raised—then walked back—the possibility of leaving the producer group.
News
June 24, 2026
Oil and gas activity strengthened across the U.S. Southwest during the second quarter, but executives remain concerned that geopolitical uncertainty, rising costs and volatile policy signals could complicate planning for the remainder of 2026, according to the latest Dallas Fed Energy Survey.
