Opec

Asia is most affected continent by Strait of Hormuz closure, with 80% of Gulf energy imports

A New York Times report revealed that Asian countries are entering an energy crisis due to the closure of the Strait of Hormuz, while Western nations will feel the economic effects of the war.

Asia will be the most affected continent by the closure of the Strait of Hormuz.
Blue barrels of oil.

US-Iran flare-up, cold stint push oil prices to multi-month peak

A person holds up an image depicting Venezuelan opposition leader Maria Corina Machado, as people celebrate after the US struck Venezuela and captured its President Nicolas Maduro and his wife Cilia Flores, in Santiago, Chile, January 3, 2026.

'I look forward to saying hello to her': Trump says on upcoming meeting with Venezuela’s Machado

 Ender Moreno looks for gold at La Culebra gold mine in El Callao, Bolivar state, southeastern Venezuela on March 1, 2017.

Venezuela’s energy, mining sectors in focus after Maduro capture - explainer


Oil prices dip dramatically after Israel's attack on Iran

The strikes did not impact energy infrastructure, leading to a decrease in geopolitical tensions affecting the oil market.

 View of the Israeli Leviathan gas field gas processing rig near the Israeli city of Caesarea, on January 31, 2019.

Putin to visit UAE, Saudi Arabia this week

Putin has rarely traveled abroad in recent years, and mostly to states of the former Soviet Union. His last trip beyond those countries was to China in October.

 Russian President Vladimir Putin chairs a meeting with members of the Security Council via video link at the Kremlin in Moscow, Russia October 20, 2023.

Why calls for oil embargo on Israel are unlikely to go anywhere

Analysts and OPEC sources say that the energy world nowadays is far different from 50 years ago, playing down any possibility of a new embargo.

 The Liberian-flagged oil tanker Ice Energy transfers crude oil from the Iranian-flagged oil tanker Lana (former Pegas), off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022.

Oil prices to surge; US oil in high demand, as supply slowly dwindles

A quick look at the global oil market reveals supply disruptions, OPEC+ decisions, and shifting demand dynamics.

 Oil, miniatures of oil barrels, oil pump jack and U.S. dollar banknote are seen in this illustration taken, June 6, 2023.

Experts: If Europe, US enter recessions, Middle Eastern economies will suffer

Economic slowdowns in developed Western economies will hit Middle Eastern and North African trade and capital availability.

 An illustrated image of the US and Israeli flags being splashed by a rising tide of water, beneath which are US dollars and Israeli shekels to symbolize the rising tide of debt.

OPEC will welcome back Iran’s full return to oil market when sanctions lifted -secretary-general

Saudi Arabia, the kingpin of OPEC, and Iran announced in March that they would restore diplomatic relations after years of hostility, in a deal brokered by China, the world's No. 2 oil consumer.

 A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020.

US concerned about Saudi Arabia, OPEC oil production cuts

Saudi Arabia and the OPEC announced they would cut their oil production in order to raise prices.

Saudi Arabian oil (illustrative)

Tunisia capitalizes as new South Korean route for Russian oil imports

Tunisia's role as the middleman in the Russian naphtha trade opens the door for Western investment.

 Flag of Tunisia (Illustrative).

Voices from the Arab press: Religious extremism and sexual assault

A weekly selection of opinions and analyses from the Arab media around the world.

 LEV TAHOR sect members escape detention in Huixtla, Mexico, Sept. 29. Twenty members had been detained on drug trafficking and rape accustations.

Will US-Saudi rift benefit China and Russia? - opinion

When Saudi actions deliberately inflate US gasoline prices at election time, such actions are perceived as hostile political interference and can undermine and damage bilateral relations.

 US PRESIDENT Joe Biden and Saudi Crown Prince Mohammed bin Salman walk side by side at a Gulf Cooperation Council meeting in Jeddah, Saudi Arabia, earlier this year.