Energy

Israel has signed deals with two energy giants, TotalEnergies and ENI, over a gas field shared with Lebanon. This follows an 'historic' agreement between the two nations over a protracted maritime border dispute.

Iraq, which belongs to OPEC, will have discussions with other members to reconsider and increase its production quota, Prime Minister Mohammed Shia Al-Sudani said.

The US has warned Lebanon that it could be subjected to sanctions if it accepts a gift of fuel from Iran, one day after a strike in Syria on an Iranian convoy reportedly carrying fuel to Iran.

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that protecting Saudi Arabia's oil companies from cyber attacks was of paramount importance.

Russian President Vladimir Putin said an alternative gas hub in Turkey would be easy and quick to set up as 'President Erdogan is a man of his word'.

Lebanon is suspected to have huge offshore gas reserves which could present an opportunity for desperately needed funds for Beirut.

Saudi Energy Minister Abdulaziz bin Salman has held discussions on stabilizing oil prices with ministers from France and Greece in the wake of controversial output cuts.

While the global economy faces a 'very difficult six months', Saudi Finance Minister Mohammed Al-Jadaan said, the outlook for Gulf Arab oil producers was 'very good' and would possibly remain so for the next six years.

Saudi Arabia is prepared to export more oil if the global energy crisis gets worse, said energy minister Prince Abdulaziz bin Salman, weeks after the US fiercely criticised OPEC+ production cuts.

'We see that a country has threatened Saudi Arabia, especially recently. This bullying is not correct,' Cavusoglu said at a news conference in southern Turkey.