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Energy minister absorbs industry and mining portfolios
Industry Minister Bandar Al Khorayef will move to a defense sector role as his former departments merge with the Energy…
Saudi Arabia eyes East-West pipeline expansion
Good morning, all. We lead today’s issue with a conversation with Dar Global CEO Ziad El Chaar, who let us…
Saudi supertankers hauling mns of barrels pass through Hormuz
Good morning, friends. We kick off the week with a breakdown of the foreign property ownership rules, which were published…
Mauritania taps Acwa for gas-fired plant
The project carries an estimated investment cost of around USD 700 mn
Morgan Stanley cut its oil price forecasts as Hormuz traffic recovers
Good morning, all. Our big story this morning dives into the Public Investment Fund’s 2025 financials — its net income…
Ades buys Saipem’s Saudi rigs
The USD 285 mn deal adds five jackup rigs and USD 1 bn in backlog to Ades’ portfolio
Hormuz may be reopening — but the actual recovery of flows will take much longer
Around 500 ships are waiting to exit the Gulf through the Strait of Hormuz
Saudi Arabia expands crude storage in South Korea
Good morning, all. We lead today’s issue with May’s inflation reading, which rose 1.8% y-o-y on the back of higher…
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