Oil and gas

Cheng Xin/Getty Images

China's oil imports highest since 2023 amid Iran crude spike: What to know

Data from analytics firm Kpler from April 11 showed that Iran’s imports were up 20% from February and at a five-month high.

TOPSHOT - France's President Emmanuel Macron (R) shares a laugh with Turkey's President Recep Tayyip Erdogan (L) ahead of a round table as part of the European Political Community Summit in Budapest, on November 7, 2024. (Photo by Ludovic MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

Analysis

France recalibrates Turkey ties as east Med dynamics shift: What to know

After years of strain between France and Turkey, the two countries seem to be seeking rapprochement on regional issues.

Jonathan Fenton-Harvey

By Jonathan Fenton-Harvey

In London, reporting on North Africa and Gulf politics

AFP via Getty Images

Iran oil exports to China soar in March to 1.9M bpd despite US sanctions

The United States and Iran will hold negotiations on the Islamic Republic’s nuclear program on Saturday as Tehran hopes to achieve sanctions relief.

An aerial view of the Cheniere Energy liquefied natural gas plant, on Feb. 10, 2025, in Port Arthur, Texas.

UAE's Mubadala makes first US gas play in wave of Gulf LNG investment

Other Gulf energy majors such as Saudi Aramco and ADNOC have already made significant investments in US LNG.

United Arab Emirates

Latest News

After steep fall, oil prices slightly recover following Trump tariff pause

oil field

Italy's Eni to invest $26B in Egypt, Libya, Algeria energy projects

Italian energy giant Eni's general director, Claudio Descalzi.

Oil prices fall as Gulf economies grapple with Trump’s tariffs: What to know

A trader walks by beneath a stock display board at the Dubai Stock Exchange in the United Arab Emirates, on March 8, 2020. - Saudi's stock exchange fell 6.5 percent and other Gulf markets tumbled to multi-year lows at the start of trading after OPEC and its allies failed to clinch a deal over oil production cuts. (Photo by GIUSEPPE CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Turkey's Simsek says economy will ride out Trump tariffs without lasting scars

Turkey's Minister of Finance Mehmet Simsek takes part in a panel discussion during the Doha Forum in the Qatari capital on December 7, 2024. (Photo by KARIM JAAFAR / AFP) (Photo by KARIM JAAFAR/AFP via Getty Images)

Thomas Kronsteiner/Getty Images

OPEC+ members boost output as Trump tariffs bring down oil prices

The US president has been calling on Saudi Arabia and other top oil producers to boost production and bring down prices.

A picture taken on Oct. 17, 2017, shows excess flammable gasses burning from gas flares at the Havana oil field, west of the multiethnic northern Iraqi city of Kirkuk.

Exclusive

Iraq seeks more compensation from Turkey, 'blocks' reopening of Kurds' oil pipeline

Disputes over oil revenues and arbitration claims have kept the Kurdish pipeline closed.

Amberin Zaman

By Amberin Zaman

In Paris, reporting on geopolitics, minorities, human rights, culture

The Iranian-flagged oil tanker Fortune is docked at the El Palito refinery after its arrival to Puerto Cabello in the northern state of Carabobo, Venezuela, on May 25, 2020.

US slaps sanctions on Iran's oil tankers, targets China 'teapot' refinery

Targets of the sanctions include a refinery allegedly purchasing Iranian oil from a vessel linked to Yemen's Houthi militant group.

Aerial view of shipyard dry dock maintenance and repair cargo ship transport and oil ships in Istanbul.

Turkey wants to export gas to Syria, Ukraine, energy minister says

In 2020, Turkey discovered the a massive gas field in Turkish waters of the Black Sea that would help it meet domestic needs and export the energy.

An oil refinery in the northern town of Ras Lanuf is seen in this photo, Libya, June 3, 2020.

Libya now politically stable, 'attractive' to foreign oil firms: NOC chairman

Since the ousting of longtime dictator Moammar Gadhafi in 2011, Libya’s oil sector has been unstable amid political unrest between two warring factions in the east and the west of the country.

Sultan Ahmed Al Jaber, President of COP28, speaks during the opening ceremony of the UNFCCC COP29 Climate Conference on Nov. 11, 2024 in Baku, Azerbaijan.

UAE’s XRG to make big investment in US energy, ADNOC chief says

Sultan Ahmed Al Jaber said his new low-carbon energy company wants to become a one-stop shop for gas in the United States.

United Arab Emirates

Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024.

Saudi Aramco CEO warns of 'painful awakening' as energy costs rise

Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South.

AFP via Getty Images

Analysis

Why Iran oil sanctions on China may not prove as effective as Trump hopes

Washington has sanctioned entities in China and the United Arab Emirates involved in the trade of oil and drone components with Tehran.

Sabena Siddiqui

By Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Tadawul

Aramco to invest up to $58B in 2025 gas, renewables ventures, CEO says

Saudi Aramco is investing in an offshore gas field and new business areas such as lithium and blue ammonia, its CEO told stockholders.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE’s ADNOC, Austria’s OMV merge businesses to create $60B plastics firm

Following the acquisition, the new firm, called Borouge Group International (BGI), will be the world’s fourth-largest polyofin company, said ADNOC and OMV.

United Arab Emirates

An oil tanker unloads imported crude oil at Qingdao port in China's eastern Shandong province on May 9, 2022. - China OUT (Photo by AFP) / China OUT (Photo by STR/AFP via Getty Images)

US sanctions on Iran’s 'shadow' oil fleet target brokers in UAE, China

The latest sanctions come after President Donald Trump pledged his administration would drive Iran's oil sales down to zero.

BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia. (Photo by Thomas Peter-Pool/Getty Images)

Analysis

Why Iran's oil exports to China are surging despite Trump's 'maximum pressure'

Data from shipping analytics firm Kpler suggests Iran is offloading more crude from its floating storage off the coast of Malaysia and Singapore.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics