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Energy

All the latest energy news

Ships in the Strait of Hormuz, off the port city of Bandar Abbas in southern Iran, on Monday. AFP

Strait of Hormuz traffic falls to seven vessels as US-Iran deal hopes fade

EnergyAugust 11, 2026
The South Pars gas field in Assaluyeh. Iran is one of the world's biggest producers and consumers of natural gas. AFP

Iran loses 95 million cubic metres of natural gas output due to war

EnergyAugust 11, 2026
Brent, the benchmark for two thirds of the world’s oil, was up 2.6 per cent to $90 a barrel at 1.16pm UAE time. EPA

Oil prices reach $90 a barrel as hopes weaken for US-Iran deal

EnergyAugust 11, 2026
Adnoc gas said its Q2 earnings beat the guided $400 million to $600 million range, despite disruption during the period. Photo: Adnoc

Adnoc Gas awards $8.2bn in contracts as earnings beat estimate

EnergyAugust 10, 2026
Saudi Arabia's Crown Prince Mohammed bin Salman with US President Donald Trump. Mr Trump has tied the US-Saudi nuclear deal to the kingdom signing the Abraham Accords with Israel. AFP

How US conditions on Saudi nuclear accord could torpedo the deal

EnergyAugust 10, 2026
Kuwaiti energy facilities are seen in Al Zour. The Opec member is expected to 'quickly' restore oil output once logistical conditions return to normal, according to Fitch Ratings. Reuters

Kuwait retains high-grade Fitch rating thanks to fiscal strength

EconomyAugust 08, 2026
Adnoc is a key pillar in the UAE's energy sector and overall economy. Chris Whiteoak / The National

Adnoc says attacks in Strait of Hormuz significantly affecting operations

EnergyAugust 07, 2026
A Yemeni naval ship patrols the Red Sea. The Houthi rebels have announced a 'blockade' on Saudi exports in the sea. AFP

Volatile oil prices end week lower amid war uncertainty and Houthi Red Sea attacks

EnergyAugust 07, 2026
An American warplane takes off from the USS Abraham Lincoln on July 31, 2026. Credibility will determine whether any new Hormuz agreement holds. AFP / US Navy

The Middle East needs peace deals that stick

EditorialAugust 07, 2026
A coil of copper alloy tubes at a factory in Menden, Germany. Demand for the metal has increased sharply. AFP

Copper's wild ride: What price volatility says about other metals

EnergyAugust 06, 2026
Ships anchored in the Strait of Hormuz, off Khasab on Oman’s northern Musandam Peninsula. AFP

Proposed deal to reopen Strait of Hormuz risks fate of failed June truce

EnergyAugust 06, 2026
A commercial vessel off Yemen's Hanish Island in the Red Sea. Tensions remain high in the waterway as Houthi rebels threaten to attack Saudi-linked ships. AFP

Brent oil back above $80 after Houthi attack on Saudi tanker

EnergyAugust 05, 2026
Customers refuel vehicles at a petrol station in Buckinghamshire, northwest of London. Petrol prices in the UK have reached their highest level of 2026, driven by the war in Iran. EPA

Big Oil quarterly profits surge as Iran war redraws winners and losers

BusinessAugust 04, 2026
Vessels in the Strait of Hormuz. Iran and Oman are in talks over how to handle the waterway. Reuters

Brent falls below $80 amid conflicting claims on US-Iran talks

EnergyAugust 04, 2026
Kirkuk, Iraq. The natural gas supplies from Dana Gas and Crescent Petroleum will flow to Kirkuk's Taza power station. EPA

Dana Gas starts gas deliveries to Iraqi power plant

EnergyAugust 04, 2026
A BP petrol station in London. The oil company's second-quarter net income has beaten analyst forecasts. EPA

Iran war oil price surge doubles BP's quarterly profit to more than $5bn

EnergyAugust 04, 2026
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