The finance and energy ministers of the G7 group affirmed their readiness to take "all necessary measures" to ensure the stability of the energy market, as part of their efforts to address the economic repercussions of the war in the Middle East.
Oil prices turned lower in Asian trading on Tuesday as markets reacted to reports that Donald Trump had indicated to aides he was prepared to bring the conflict with Iran to an end without insisting on the immediate reopening of the Strait of Hormuz.
The Government of Dubai has confirmed that firefighting teams successfully extinguished the fire that broke out on a huge Kuwaiti oil tanker after an Iranian drone attack off Dubai waters early on Tuesday.
Golden Pass LNG, a QatarEnergy-ExxonMobil joint venture, achieved first LNG production from its first train, advancing operations at its 18 million tonnes-per-year Sabine Pass, Texas facility and paving the way for its first cargo delivery.
Egypt and Cyprus signed a natural gas cooperation framework, witnessed by Presidents Abdel Fattah El Sisi and Nikos Christodoulides, during the 9th Egypt Energy Show (EGYPES 2026), strengthening bilateral energy collaboration.
The International Energy Agency (IEA ) launched a policy tracker monitoring government responses to Middle East energy market impacts, detailing measures to conserve energy, protect consumers, and address supply disruptions and price volatility in oil, oil products, and LNG markets.
Saudi-based oil drilling group ADES Holding beat analyst expectations with a 2 per cent rise in annual net profit and reiterated its strong growth forecast for this year despite some rig suspensions last year and recent halts due to the Iran war.
TotalEnergies announces the completion of the merger between NEO NEXT and TotalEnergies’ UK Upstream Oil & Gas business. The combined group is renamed NEO NEXT+ and TotalEnergies holds a 47.5 per cent shareholding interest in it.
Australian Prime Minister Anthony Albanese announced a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East.
Investment in renewable energy projects in the Middle East has jumped by 28 per cent, year-on-year, according to a new report from Ansarada, a mergers and acquisitions (M&A) and infrastructure procurement platform.
