Oil and gas

A pump jack stands near an oil spill at a facility in Venezuela.

Analysis

How Trump’s Venezuela oil grab could test OPEC’s power, Mideast energy models

Over the longer term, Washington’s bid to bring the world’s largest proven crude oil reserves firmly into its orbit raises questions for OPEC's strategy and the outlook for big-spending Gulf producers.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Israel's Foreign Minister Eli Cohen gives a press conference in Larnaca on December 20, 2023 talking about a humanitarian aid corridor from the Mediterranean island to war-torn Gaza. (Photo by Elisa AMOURET / AFP) (Photo by ELISA AMOURET/AFP via Getty Images)

Interview

Gaza calm could revive East Med Forum, Israel-Jordan projects: Cohen

In an interview with Al-Monitor, Israeli Energy Minister Cohen estimated that the mega gas deal between Israel and Egypt would reinforce the peace treaty and pave the way for stronger security cooperation in combating Muslim Brotherhood-affiliated groups and Hamas.

FAYEZ NURELDINE/AFP via Getty Images

Saudi SABIC sells $950M in overseas assets amid global chemicals slump

The global chemicals industry is facing a slowdown due to high energy prices, stagnant economic growth, investment shifts and trade tensions.

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.

Analysis

Venezuelan crisis unlikely to impact MENA crude exporters in short term

Oil prices inched up on Monday as global oversupply concerns outweighed output disruption fears over the upheaval in Venezuela.

In Bristol, reporting on regional business, climate change, AI, tech

Latest News

For Israel, capture of Venezuela’s Maduro seen as setback for Iran, Hezbollah

A motorcycle rides past a graffiti depicting President Nicolas Maduro, Caracas, Venezuela, Jan. 3, 2026.

Analysis

Turkey casts Israel’s Somaliland move as overreach, but Somalia’s fragility poses risks

Somalis celebrate the victory of Turkish President Recep Tayyip Erdogan after he won the presidential run-off election during the celebration organized by the government in Mogadishu, on May 29, 2023.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Turkey eyes offshore energy pact with Syria in 2026 amid East Med isolation

A picture taken at the port of Dilovasi, outside Istanbul, on June 20, 2019, shows the drilling ship Yavuz scheduled to search for oil and gas off Cyprus.

Australian LNG deal marks latest step in Turkey's energy diversification push

Dan Kitwood/Getty Images

KRG Prime Minister Masrour Barzani (R) and Iraqi Prime Minister Mohammed Shia al-Sudani (L) meet in Irbil on April 12, 2025.

Exclusive

Iraq's Kurds air fury over PM Sudani's stance after attack on gas field

“We were shocked at Sudani’s audacity. Imagine the state we would have been in had he gotten his way,” a senior Iraqi Kurdish official speaking not for attribution told Al-Monitor.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Mark Carney in UAE

UAE pledges up to $50B for Canada during Carney's Abu Dhabi visit

The agreement was signed by Canadian Prime Minister Mark Carney and UAE President Mohammed bin Zayed Al Nahyan on Friday, during the former’s official visit to Abu Dhabi.

United Arab Emirates

DELIL SOULEIMAN/AFP via Getty Images

Syria signs deals with ConocoPhillips, Novaterra Energy: What to know

Syria signed a memorandum of understanding with US energy companies ConocoPhillips and Novaterra Energy to develop and explore gas fields as Damascus works to revive the country’s battered natural gas sector.

Russian President Vladimir Putin meets with Egyptian President Abdel Fattah El-Sisi at the Kremlin in Moscow, on May 9, 2025.

Egypt, Russia advance construction at Dabaa nuclear plant: What to know

The Dabaa nuclear plant could help Egypt address its energy woes while boosting cooperation with Russia.

A woman waves an Iranian flag during a rally against Israel's attacks on Iran, in solidarity with the Palestinian people and to call for world peace in Caracas, on June 19, 2025.

Iran doubles down on Venezuela support as Trump ups threats: What to know

Iran is seeking to boost ties with Venezuela and has expressed solidarity following US strikes targeting drug smugglers off the country's coast, though their energy relationship has declined in recent years.

This picture taken on July 10, 2022, shows a view of the thermal natural gas and fuel oil power plant serving Syria's northern city of Aleppo.

Syria advances Qatar-backed $7B power project amid soaring electricity prices

According to the state-run Syrian Arab News Agency, the plants will use a combination of natural gas and solar energy.

People sit listening as the Chairman and CEO of TotalEnergies Patrick Pouyanne speaks during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, on Nov. 3, 2025.

Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit

Minister Karim Badawi met with executives from companies including Abu Dhabi sovereign wealth fund Mubadala, UAE state energy holding company TAQA, US conglomerate Halliburton and British Petroleum.

sign

Turkey, Iraq sign oil-for-water deal: What to know

The landmark deal between Ankara and Baghdad sets out a finance mechanism to direct Iraqi oil proceeds into Turkish-built water infrastructure.

Ezra Acayan/Getty Images

Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts

The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans.

US Energy Secretary Chris Wright speaks during an event with President Donald Trump in the Oval Office at the White House on Oct. 6, 2025 in Washington, DC.

US energy secretary scraps visit after Israel puts $35B Egypt gas deal on hold

Despite US pressure, Energy Minister Eli Cohen refuses to approve a $35 billion gas deal with Egypt until "a fair price for the Israeli market" is secured.

A picture taken on Sept. 24, 2020, shows a partial view of the Brega oil port some 270 kilometers west of Libya's eastern city of Benghazi.

Turkey seeks to bolster Eastern Med foothold in new Libya energy talks

The talks between the Turkish ambassador in Libya and the Tripoli government’s energy minister come as Turkey seeks to reduce dependence on energy imports and bolster its energy security.

Algeria's Sonatrach latest foreign oil major to resume Libya drilling

Libya has Africa’s largest proven oil reserves, with approximately 48.4 billion barrels, but political instability had led international energy firms to avoid it for more than a decade.