Kuwait explores renewable energy with Austrian company Kuwait's agreement with Burgenland Energie reinforces country's willingness to explore foreign partnerships to develop its nascent clean energy sector. Kuwait
Oil markets take wait-and-see approach amid Israel-Iran tensions Despite fears of regional conflict upending oil markets, some experts say that Gulf oil facilities or crude oil tankers would have to be hit directly for any major upheaval to the market in the near term. By Sebastian Castelier In Dubai, reporting on regional business
Analysis What to expect as Russia's oil and gas woes impact Middle East As Iran's expected retaliation against Israel threatens to upset geopolitical dynamics, Russian gasoline export restrictions are placing pressure on global oil and gas markets from another angle. By Paul J. Saunders In Washington, DC, reporting on Russia in the Middle East
Saudi Aramco CEO predicts 1.6-2M bpd oil demand rise after sharp price fall The bullish perspective follows the price of Brent crude falling amid the global stock downturn and coincides with Aramco buying a more than $700 million stake in a Saudi energy complex. Saudi Arabia
Analysis How Morocco-UAE economic agreement could usher in new era of bilateral trade By Sabena Siddiqui In Karachi, reporting on South Asia, Middle East, Iran
Analysis Climate change, overreliance on Israeli gas add to Egypt's power crisis By Jack Dutton , Rosaleen Carroll
Kuwait doubles down on Saudi ties driven by economics, counter-Islamism Kuwait's newly appointed crown prince, Sheikh Sabah Khalid Al Sabah, is expected to advance the already good ties between his country and Saudi Arabia, as the two seek to further their economic prosperity. Kuwait
Saudi Arabia poised to raise $11.2B in Aramco's second IPO Aramco had set a price range of its shares between 26.7 and 29.0 riyals ($7.12 and $7.73) but said on Friday it ended up pricing them at 27.25 riyals ($7.27). Saudi Arabia
OPEC chief defends oil cut phase-out plans despite bearish market The markets reacted bearishly OPEC+'s Sunday output decision, worrying it could lead to oversupply later in 2024 despite slow demand growth. United Arab Emirates
Interview Oman to phase out polluting industries 'too difficult to decarbonize' Omani Minister of Energy and Minerals Salim Al Aufi told Al-Monitor that if his government finds an industry too difficult or costly to decarbonize, there will be discussions taking place about phasing the sector out all together. With Salim Al Aufi Oman Minister of Energy and Minerals
Will Saudi Aramco's massive share sale to raise $12B pay off? Saudi Arabia is selling a 0.64% stake in its state energy company in a bid to offset rising debt and fund its economic diversification plans, but foreign investors remain wary. By Sebastian Castelier In Dubai, reporting on regional business
Le Drian says France keen to help Saudi Arabia transition away from oil France's former top diplomat said that his country was supportive of Saudi Arabia's efforts to diversify its economy. Saudi Arabia
What's behind Italy's growing Libya engagement as Russia influence expands? Italy is seeking stronger ties with Libya’s rival groups, though this mission may be hindered by several challenges. Libya
UAE's ADNOC invests in Mozambique's natural gas in first African foray The deal will give ADNOC a share of the liquified natural gas output from the concession, which has a combined capacity of over 25 million metric tons per pear, the company said in a statement. United Arab Emirates
Why UAE’s ADNOC is mulling setting up US trading desk The UAE state-backed company recently held talks to recruit senior energy traders to oversee the expansion, Reuters reported. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Gulf consolidates stature as sovereign wealth hub, lags on per capita holdings A frenzy of recent initial public offerings has again highlighted Gulf states' statuses as global wealth hubs. By Sebastian Castelier In Dubai, reporting on regional business
Saudi Arabia ‘conservative’ on oil revenue as it pares back Vision 2030 plans Mohammed Al-Jaadan warned that being a resource-rich country was a curse as well as a blessing because being dependent on one commodity such as oil can hold a country "hostage" to the volatility of global demand and prices. Saudi Arabia
Turkey’s BOTAS signs $1.1B long-term LNG deal with ExxonMobil Turkey and ExxonMobil have signed a major liquified natural gas deal as Ankara looks to diversify its energy sources. Turkey
.jpg?h=502e75fa&itok=bfs8C-67)
