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Qatar's energy minister Saad al-Kaabi speaks at the Qatar Economic Forum in Doha on May 20, 2025. Karim Jaafar/AFP/Getty Images RIYADH, March 6, 2026 (Saudi Arabia Breaking News) — The ongoing conflict in the Middle East could force Gulf energy exporters to shut down production within days and push oil prices to $150 a barrel, Qatar’s energy minister Saad al-Kaabi said in an interview with the Financial Times. Al-Kaabi said crude prices could reach $150 within two to three we

RIYADH, March 6, 2026 (Saudi Arabia Breaking News) — Oil storage facilities across the Gulf region are filling up as crude exports slow sharply amid rising security risks around the Strait of Hormuz, energy analysts said. Few tankers are currently risking transit through the strategic waterway, which is bordered by Iran, due to concerns over potential attacks by drones or rockets. As storage capacity approaches its limits, analysts warn that oil producers in the region may so

Riyadh, March 4, 2026 (Saudi Arabia Breaking News) – Saudi Aramco’s Ras Tanura complex, which houses its largest domestic refinery, was struck again on Wednesday by an unknown projectile, according to four sources. The strike came two days after a drone attack on the complex shut the refinery. Initial indications show Wednesday’s attack was carried out by a drone and resulted in no damage, Saudi Arabia’s defence ministry spokesperson said, according to the state news agency.

The Ras Laffan Industrial City, Qatar's principal site for production of liquefied natural gas and gas-to-liquid, north of the capital Doha, on February 6, 2017. Karim Jaafar/AFP/Getty Images Doha, March 2, 2026 (Saudi Arabia Breaking News) – QatarEnergy has stopped liquefied natural gas production after an Iranian drone attack on its facility in Ras Laffan on Monday, the company said in a statement shared with CNN. The facility was targeted in a drone attack alongside a sepa

A Chevron logo at the Chevron building in Houston, Texas, U.S. August 19, 2025. REUTERS/Kaylee Greenlee BASRA/LONDON, Jan 28 (Saudi Arabia Breaking News) – U.S. oil major Chevron is seeking improved contractual terms from Iraq as a condition for taking over the giant West Qurna 2 oilfield from Russia’s Lukoil, three sources familiar with the matter said. Iraq nationalised the oilfield earlier this month after the United States imposed sanctions on Lukoil linked to the war in

📷REUTERS RIYADH, November 11, 2025 (Saudi Arabia Breaking News) – Middle Eastern oil producers Saudi Arabia, Iraq, and Kuwait are set to increase crude oil supplies to India in December as Indian refiners seek alternatives to Russian barrels, sources at four Indian refining companies said on Tuesday. The rise in demand for Middle Eastern crude follows a reduction in Russian imports by Indian refiners amid tightening Western sanctions, allowing OPEC producers to reclaim a lar

📷 A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk Vienna, November 3 (Saudi Arabia Breaking News) – OPEC+ is set to approve a modest rise in oil production targets for December, according to three sources familiar with the ongoing discussions, as the producers’ group takes a cautious approach amid rising concerns about a potential supply surplus. The 23-member group, led by Saudi Arabia and Russia, h

📷SPA Dhahran, September 18, 2025 (Saudi Arabia Breaking News) – The Energy Exhibit at the King Abdulaziz Center for World Culture...

Vienna, September 14, 2025 (Saudi Arabia Breaking News) – OPEC Secretary General Haitham Al Ghais said on Sunday that the Organization of...