Qatar Economic Forum heads to New York as global trade, energy and investment face new risks
The Qatar Economic Forum heads to New York for a high‑profile edition alongside UNGA 81, gathering world leaders to dissect trade, energy, AI, capital flows and rising geopolitical risks.
OMV confirms viability of Essar discovery in Libya
OMV has validated the commercial potential of the Essar discovery in Libya's Sirte basin, estimating recoverable resources up to 45 million barrels of oil.
Qatar, Iran gas field disruptions threaten LNG supply, Wood Mackenzie says
Strikes on Qatar’s North Field and Iran’s South Pars have disrupted operations across the world’s largest gas resource, with about 4.5 Bcfd of Qatari gas-processing capacity affected and repairs potentially taking up to a year
Eni lets well construction contract for Cronos offshore gas project in Cyprus
Eni has awarded Halliburton a comprehensive contract to support the Cronos ultra-deepwater project in Cyprus, enhancing drilling, automation, and well construction for efficient development of the gas field.
Gulf States Mull Hormuz Talks with Iran
Oman is aiming to get foreign ministers from the Gulf Cooperation Council and Iran together on Monday in Salalah
Saudi Arabia’s crude output falls to lowest level since 1990 - report
Brent crude futures climbed above $100 per barrel this week as oil tankers faced renewed attacks in the Persian Gulf.
Qatar’s budget deficit doubles in Q2 amid LNG disruption
The first-half shortfall has exceeded Qatar’s original full-year forecast. Doha has said cuts to operating spending exclude salaries and capital projects, while European gas buyers face delivery cancellations extending into early November as the Iran
IOC, BPCL & HPCL likely to post 1.514 billion USD in Q2 Profit
Driven by strong refining and marketing margins, state-run oil refiners IOC, BPCL, and HPCL are set to reverse previous losses with a projected combined profit of 1.514 billion USD in Q2.
Afghanistan, Saudi group sign oil, gas deal for Kushk-Tirpul basin exploration
Exploration period under the $200 million deal is set at 8 years, while the contract will run for 25 years.• Zalmay Khalilzad, former US special representative, says deal indicates that Afghanistan is ‘ready for business’.
Iranian forces target US naval drone attempting to enter Strait of Hormuz
It comes after the US military announced that it had struck three Iranian oil tankers in response to what it said were ballistic missile strikes launched by the IRGC against two navy warships.
U.S. says it hit 3 Iranian oil tankers, including one near Kharg Island
U.S. Central Command said the strikes were in response to Iranian attacks on U.S. Navy warships.
Iranian tanker sinks in Gulf of Oman after US strike, Centcom says
US forces sink Iranian tanker MT Kylo in the Gulf of Oman, sparking geopolitical tension and raising concerns over oil market stability.
