Middle East
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.
News
June 24, 2026
TotalEnergies has acquired a 10% stake in Abu Dhabi's Bab Gas Cap concession, joining ADNOC and international partners in a gas development targeting 1.5 Bcfd of production and supporting the UAE's expanding LNG value chain.
News
June 24, 2026
Brent crude fell below $75/bbl for the first time since the Iran conflict began as tanker traffic through the Strait of Hormuz continued to increase and U.S.-Iran peace talks showed early signs of progress.
News
June 23, 2026
ADNOC is applying lessons learned from two decades of U.S. shale development to advance its Diyab unconventional gas play from appraisal into early development, company executives said during URTeC 2026.
News
June 23, 2026
Dana Gas reported stronger-than-expected drilling results in Egypt, identifying an estimated 10 Bcf of gas resources while announcing that the Egyptian government has fully settled overdue receivables. The company plans four additional wells before the end of 2026.
News
June 22, 2026
The U.S. Treasury has issued a 60-day waiver allowing Iran to sell crude oil and petroleum products through Aug. 21, marking a major shift in sanctions policy and potentially increasing Iranian oil supplies in global markets.
News
June 22, 2026
An explosion and fire at Qatar's Ras Laffan industrial complex killed 13 people and injured 66, but QatarEnergy says LNG export capabilities remain unaffected as the country works toward restarting production at the world's largest LNG facility.
News
June 21, 2026
Despite Iran's announcement that the Strait of Hormuz is closed, millions of barrels of crude continue to move through the critical shipping lane. The conflicting signals highlight the uncertainty still facing global oil markets as U.S.-Iran negotiations get underway.
News
June 19, 2026
After months of disruption, oil and LNG shipments are beginning to flow through the Strait of Hormuz again, helping push Brent crude back toward $80/bbl. But questions remain over shipping rules, insurance requirements and long-term U.S.-Iran negotiations.
News
June 19, 2026
Iran has shipped an estimated 20 million barrels of crude oil this week from the port of Chabahar, signaling a rapid return of exports following the interim U.S.-Iran agreement and adding fresh supply to global oil markets.
