- UAE leaves OPEC in blow to global oil producers’ group
- Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
- Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
- Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
- Loss of energy output in MidEast will take about two years to recover, IEA says
- Egypt and Cyprus sign framework agreement for cooperation on gas
- Italy hopes to receive more gas from Algeria, Meloni says
- Kuwait oil CEO says Iran is ‘holding the world’s economy hostage’
- QatarEnergy says it needs to declare force majeure on some LNG contracts
- Saudi boosts Yanbu crude oil exports as it works around Hormuz halt, data shows
News
UAE leaves OPEC in blow to global oil producers’ group
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers’ group as an unprecedented energy crisis caused by the Iran war exposes discord among...
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Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf,...
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Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
Libya’s National Oil Corporation (NOC) on Tuesday signed a memorandum of understanding with U.S. energy major Chevron to conduct a joint study to assess shale oil and gas...
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Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
The Middle East conflict could result in the loss of around 120 billion cubic metres (bcm) of cumulative liquefied natural gas (LNG) supply between 2026 and 2030, or 15% of expected...
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Loss of energy output in MidEast will take about two years to recover, IEA says
It will take about two years to recover the energy output lost in the Middle East from the conflict there, Fatih Birol, the head of the International Energy Agency, was quoted as saying on...
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Egypt and Cyprus sign framework agreement for cooperation on gas
Egypt and Cyprus signed a framework agreement for cooperation on gas at the Egypt 2026 Energy Show on Monday. A spokesperson for the Cypriot presidency said that the non-binding agreement will...
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Italy hopes to receive more gas from Algeria, Meloni says
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to...
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Kuwait oil CEO says Iran is ‘holding the world’s economy hostage’
Emergency measures to alleviate the disruption to energy supply caused by the U.S.-Israeli war on Iran are “not even a drop in the proverbial barrel” compared to normal oil and gas...
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QatarEnergy says it needs to declare force majeure on some LNG contracts
(This March 24 story has been corrected to clarify in the headline and story that Qatar has determined it needs to declare force majeure on some LNG contracts, not that it has declared force...
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Saudi boosts Yanbu crude oil exports as it works around Hormuz halt, data shows
Crude oil exports from Saudi Arabia’s Red Sea Yanbu port rose to nearly 4 million barrels per day last week, a sharp increase from export levels before the Iran war broke out, shipping data...
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