Middle East
News
May 13, 2026
Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S. energy security and weaken the dollar’s dominance in global oil markets.
News
May 13, 2026
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential.
News
May 12, 2026
Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets.
News
May 12, 2026
The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets.
News
May 12, 2026
An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran.
News
May 11, 2026
IEA Executive Director Fatih Birol warned that the Iran war and prolonged Strait of Hormuz closure may permanently undermine confidence in one of the world’s most critical oil and LNG shipping routes, with major implications for global energy markets, inflation and economic growth.
News
May 09, 2026
Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset disruptions tied to the Strait of Hormuz crisis.
News
May 09, 2026
Iran has submitted a response to the latest U.S. proposal aimed at ending the 10-week conflict that has disrupted global energy markets and sharply curtailed shipping through the Strait of Hormuz.
News
May 08, 2026
INA and MOL Group held talks with the Syrian Petroleum Company on restarting oil and gas operations in Syria, including assessments of infrastructure, field conditions and regulatory requirements.
News
May 08, 2026
Aramco and ADNOC are among the companies continuing limited crude shipments through the Strait of Hormuz despite Iranian threats, shipping disruptions and sharply reduced Gulf export flows.
News
May 07, 2026
IEA Executive Director Fatih Birol met with Canadian officials to discuss oil and gas market disruption tied to the Strait of Hormuz crisis and Canada’s growing role in global energy exports.
News
May 07, 2026
Citigroup said oil markets are likely to remain highly volatile as traders react to shifting expectations surrounding a possible U.S.-Iran agreement and the reopening of the Strait of Hormuz.
News
May 07, 2026
Rex International has appointed upstream veteran Mike Hopkinson as COO as the company advances operations and prepares for additional drilling activity in Oman.
News
May 06, 2026
OPEC crude production fell to its lowest level since 1990 as the Iran war and Strait of Hormuz disruption cut Persian Gulf exports and forced additional shut-ins.
News
May 06, 2026
Oil and gas prices fell sharply after reports that the U.S. and Iran are nearing a deal that could reopen the Strait of Hormuz and ease global supply disruption.
News
May 05, 2026
The U.S. paused its plan to reopen shipping through the Strait of Hormuz after renewed clashes raised escalation risks, leaving global oil and gas flows under continued pressure.
News
May 05, 2026
The U.S. said its ceasefire with Iran remains intact despite clashes in the Strait of Hormuz, where vessel attacks and missile strikes have heightened risks to global oil shipping.
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.
