Trump Eyes Venezuela‑Style Scenario for Iran Oil
Trump said the United States could remain in Iran and retain access to its oil, while reiterating that he expects the war to end by the end of 2026.
Oil | Egypt Oil & Gas
Trump Says Venezuelan Oil Deal Will Help Replenish US Strategic Reserve
Trump said oil from a new Venezuela deal will be used to replenish the depleted US Strategic Petroleum Reserve, as Washington moves to gain greater control over Venezuela’s vast crude reserves.
Iraq Targets 8–10 Mmbbl/d Output Within Six Years
Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its produc ...
US Becomes Top Destination for Venezuelan Oil Following Sanctions Relief
About half of Venezuela’s oil production is now being exported to the United States (US), Reuters reported, quoting US Energy Under Secretary, Kyle Haustveit, highlighting the rapid shift in Venezuela’s crude trad ...
Egypt, Libya Strengthen Ties in Energy Cooperation
Prime Minister Mostafa Madbouly stressed the importance of setting a timeline for cooperation with Libya in natural gas and oil exploration, as well as supporting electricity interconnection between the two countr ...
Iraq PM Presses for Fair OPEC Share Amid Washington Investment Push
Iraq’s Prime Minister Ali al‑Zaidi said on Tuesday that the country must secure a fair share within the Organization of the Petroleum Exporting Countries (OPEC), responding to reporters who asked whether Baghdad w ...
Madbouly Reviews Measures to Secure Petroleum Stockpiles
Prime Minister Mostafa Madbouly met with Karim Badawi, Minister of Petroleum and Mineral Resources; Ahmed Kouchouk, Minister of Finance (MoF); Hassan Abdalla, Governor of the Central Bank of Egypt (CBE); and Tarek ...
Kuwait’s Crude Oil Output Climbs 184.5%
Kuwait’s crude oil output surged by 184.5% month on month (M-o-M), reaching 1.65 million barrels per day (mmbl/d) in June 2026, a source familiar with the matter said on June 30, as the Organization of the Petrole ...
Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base
Maridive & Oil Services delivered a financial rebound in the first quarter of 2026, returning to profitability on the back of higher revenues and disciplined cost control.
Iraq Moves to Diversify Oil Exports via Syria Amid Hormuz Disruptions
Iraq is preparing to export crude oil and naphtha through Syrian ports after the Iran war disrupted its main Gulf shipping routes, according to Iraqi and Syrian energy officials and refinery sources.
