Oil

Qatar's UCC in talks for possible entrance into oil, gas areas in Venezuela, executive says

UCC, British BP, and XRG, a unit of United Arab Emirates' state company ADNOC, last month were granted a long-term license to develop the Loran gas project, one of the largestin Venezuela's waters.

The Venezuela International Oil & Gas Summit 2026, the first major international energy summit since Nicolas Maduro's removal from power in January, in Caracas, Venezuela, September 29, 2026.
Families of the Pakistani hostage crew members of the Oil Products Tanker the HONOUR 25 that was hijacked by pirates off the coast of Somalia, hold placards during a protest, calling the government to take immediate action for the safe return of their loved ones, in Karachi, Pakistan May 13, 2026.

Somali pirates kill five crew members before tanker rescue, state authorities say

Illustration of a gas station in Jerusalem. August 30, 2026.

Gas prices in Israel to reach all-time high at NIS 8.27 per liter amid worldwide price hikes

US President Donald Trump speaks to the press, at Shannon Airport in Ireland, September 13, 2026.

Trump predicts Cuba, US will make a deal


US Army weighs sending support units to Southern Command amid Cuba tensions - report

Multiple US officials told CBS News anonymously that the internal message was for continued military planning around Cuba, although the message itself did not specifically mention Cuba.

An illustration of the flags of Cuba and the US, with a rift in between.

US-sanctioned oil tanker Sibu 1 rescued from Somali pirates in semi-autonomous Puntland region

"It was a counter-piracy operation that was carried out by our forces from two days ago and it's still going on," Mohamed Jama, the base commander for Puntland Maritime Police Force told Reuters.

A Moroccan fisherman sails next to an oil tanker crossing the Strait of Gibraltar with the Atlas Mountains in the background, near the Spanish town of Tarifa, as seen from Tangier, Morocco, January 8, 2026.

UK stocks fall as lack of progress in US-Iran talks lifts oil prices

Oil prices rose more than 4% after Yemen's Iran-backed Houthis fired missiles at Saudi Arabia and diplomatic talks between the US and Iran showed little sign of progress.

Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, US, September 16, 2026.

France to send military to protect Saudi Arabia on Red Sea oil route, Macron says

Macron also said a US ban on diesel exports, which the White House has denied is under consideration, would be "catastrophic," both globally and for the US economy.

France's President Emmanuel Macron addresses the 81st United Nations General Assembly at UN headquarters in New York City, US, September 22, 2026.

Ryanair CEO O’Leary says no fuel surcharge despite rising jet fuel price uncertainty

O’Leary said airfares may need to rise by 10%, 15%, or even 20% next summer if oil prices remain at their current elevated levels in the coming months.

Ryanair CEO Michael O'Leary speaks at a press conference on his feud with Elon Musk over installing Musk's Starlink internet service on Ryanair aircraft, in Dublin, Ireland, January 21, 2026.

Voices from the Arab Press: Red lines in Syria, Azerbaijani oil, and Anwar Sadat

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

A WORKER rests next to an oil pump in Baku, Azerbaijan.

'Sponge of the sea': Israeli researchers develop aerogel that captures, breaks down oil spills

BGU researchers created an aerogel that could capture oil spills while helping oil-eating bacteria degrade the pollutants.

Israeli soldiers clean tar off the Palmachim beach following an offshore oil spill which drenched most of the Israeli coastline, February 22, 2021

Saudi Aramco suspends European crude deliveries after East-West pipeline attack - report

The customers typically receive Saudi crude through long-term supply agreements, which provide regular monthly deliveries.

A satellite image shows black smoke rising from an area of Saudi Arabia’s East-West oil pipeline south of Medina, Hejaz Region, Saudi Arabia September 10, 2026.

The Iran war is creating a new global energy risk beyond the Strait of Hormuz - analysis

Oil loadings at the Red Sea port of Yanbu were suspended, sources told Reuters, while Saudi Arabia’s East-West Pipeline remained offline after attacks on the kingdom’s energy infrastructure.

Damage in the aftermath of Houthi strikes on the Red Sea port city of Mocha, Yemen, August 10, 2026 in this screengrab taken from a handout video.

Panama-flagged oil tanker attacked in Strait of Hormuz, two crew members still missing

An Omani naval vessel evacuated 23 crew members, while two remain missing.

The oil tanker El Gaia at sea near Calshot, Southampton, Britain.