Middle East
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.
News
April 26, 2026
A nearly 1-billion-barrel supply loss tied to the Hormuz disruption is pushing oil markets toward a turning point, with traders warning demand destruction is set to accelerate globally.
News
April 26, 2026
U.S.-Iran talks have stalled after Washington canceled a key diplomatic trip and Tehran rejected negotiations under pressure, as blockades keep Strait of Hormuz traffic near a standstill.
News
April 24, 2026
A sanctioned Iranian oil tanker halted in the Strait of Hormuz amid a U.S. blockade, as shipping traffic through the key oil chokepoint remains severely constrained.
News
April 24, 2026
The White House has extended a Jones Act shipping waiver to mid-August, allowing foreign vessels to transport oil and fuel between U.S. ports to ease supply disruptions linked to the Iran conflict.
News
April 23, 2026
Dallas Fed survey data show executives expect months of continued Hormuz disruption, higher shipping costs and only modest U.S. production gains as the industry navigates ongoing geopolitical risk.
News
April 23, 2026
U.S. forces have boarded another Iranian-linked supertanker, signaling a wider reach for its blockade as oil shipments attempt to move beyond the Gulf.
News
April 21, 2026
A last-minute extension of the Iran ceasefire has not eased tensions in global energy markets, with the U.S. maintaining its blockade of the Strait of Hormuz after negotiations with Tehran collapsed.
News
April 21, 2026
Nearly half of oil and gas assets in the Gulf are operating beyond design life, as Strait of Hormuz disruptions intensify pressure on aging infrastructure, according to new IGS research.
