Middle East

ACME signs investment agreement for $4.2-B green hydrogen/ammonia project in Oman

TotalEnergies' Saudi Arabia refinery will not be fully repaired until early 2027, CEO says

TotalEnergies' SATORP oil refinery in Saudi Arabia, which was hit by three drones in April, is still running only at 70% capacity.

Opinion: Is the Iran war just an energy shock—or a turning point?

At least 1 billion barrels of crude oil and refined products have been lost from Middle East producers such as Iraq, Kuwait, the United Arab Emirates and Iran itself. As much as 20% of global liquefied natural gas supply is also trapped in the narrow waterway between Iran and Oman.

Fragile Iran deal offers oil relief, but Hormuz risks remain

Under the agreement announced late on Sunday, Iran and the U.S. agreed to lift their blockades on the Strait of Hormuz, through which roughly a fifth of global oil and LNG flowed before the war broke out on February 28.

Opinion: Hormuz reopening could be OPEC’s undoing

The Iran war and the closure of the vital waterway – through which nearly a fifth of the world’s oil and gas flowed before the conflict – have sharply diminished output from the Organization of the Petroleum Exporting Countries and moved the industry’s center of gravity away from the Middle East.

Honeywell introduces Experion Cognition to deliver autonomous control room operations for Borouge International

Aramco selects McDermott for project management consultancy long-term agreement

Chinese refiners delay projects with Middle East oil supply disrupted

The delays come as the Iran conflict has crunched refiners' margins, with the Middle East oil supply disruption driving up crude prices, while they face state fuel price caps. At the same time fuel demand has weakened due to electric vehicle growth.

Kuwait can restore 70% of oil output in 6–8 weeks of Hormuz reopening, KPC executive says

Kuwait's timeline for its production recovery is shorter than some forecasts for a full reopening of transits through the Strait of Hormuz.

ADNOC resumes naphtha exports via alternative Oman route