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Cycling

          Oil

          Latest news about the key commodity driving global economies, markets and energy policies

          Kuwait, Opec’s fifth-largest producer, has announced major new finds. Source: KPC

          Kuwait to invite international oil companies in major policy U-turn

          BusinessFebruary 03, 2026
          The old town in Tripoli. Libya's economy is hampered by the lack of a unified government to make policy decisions. AFP

          Libya grapples with disastrous finances in spite of oil boom

          EconomyFebruary 01, 2026
          Chief executive Mike Wirth said Chevron needed to see compelling opportunities for value in Iraq and Libya if it were to invest. Bloomberg

          Chevron chief says company in discussions with Iraq and Libya

          EnergyJanuary 30, 2026
          An anti-US mural in Tehran. The market is assessing whether US strikes on Iran could disrupt Middle East crude supplies. Reuters

          Brent tops $70 on fears of US strikes against Iran

          EnergyJanuary 29, 2026
          Lukoil said the agreement with Carlyle was 'not exclusive for the company'. AFP

          Sanctions-hit Lukoil agrees to sale of assets in potential $22bn deal

          EnergyJanuary 29, 2026
          Developments in Venezuela and Iran have led to further volatility in oil markets. Bloomberg

          Jerome Powell plays down oil risks despite recent volatility

          EconomyJanuary 28, 2026
          Stands at the Libya Energy and Economic Summit. The North African nation is aiming to attract more international companies to invest in the country. AFP

          US oil companies boost Libya investment despite troubled past

          EnergyJanuary 26, 2026
          A protester rally in Manila, Philippines against the US military actions in Venezuela. EPA

          Is the clock turning back on national sovereignty over natural resources?

          EnergyJanuary 26, 2026
          The South Pars gasfield, near the southern Iranian port of Asaluyeh. The country produces about 3.3 million to 3.4 million barrels per day, Opec's fifth largest output. EPA

          Oil prices spike 3% on supply disruption worries

          MarketsJanuary 23, 2026
          Cafu has faced complaints about delivery delays and unavailability of the higher-octane Super 98 petrol. Photo: Reem Mohammed / The National

          Cafu says it expects improvements in slot availability amid customer feedback

          BusinessJanuary 23, 2026
          The French Navy prepares to intercept the cargo tanker Grinch. Reuters

          French Navy seizes sanctioned Russian oil tanker in Mediterranean

          EuropeJanuary 22, 2026
          A supermarket in Tehran. The country has experienced unrest due to a deepening economic crisis. EPA

          Oil settles higher as supply risks linger amid US-Iran tension

          MarketsJanuary 16, 2026
          Guido Brusco, chief operating officer of global natural resources at Eni, said the company plans to drill an offshore exploration well in Libya’s Sirte Basin. Victor Besa / The National

          Eni expands North African exploration and targets Q1 Cyprus gas decision

          EnergyJanuary 16, 2026
          An anti-Iranian regime protest in London. US President Donald Trump has threatened Tehran with serious consequences if it continues its suppression of protesters. AFP

          Oil oversupply expected to cushion major price shock if US attacks Iran

          EnergyJanuary 16, 2026
          Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, was made honorary fellow of the Energy Institute for his leadership in various fields. Photo: Adnoc

          Dr Sultan Al Jaber recognised for leadership in energy, AI and economic growth

          EnergyJanuary 15, 2026
          A mural on a street in Caracas. Venezuela has an estimated 303 billion barrels of crude oil reserves. AFP

          Venezuela, Greenland and Trump's energy dominance push

          EnergyJanuary 15, 2026
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