6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: Middle East

Energy, Oil & Gas

Renewed Mideast tensions drive oil higher, revive market jitters

The latest developments in the Middle East have pushed oil higher again, reintroducing some of the “war trades” that had faded in recent weeks. Markets are still being driven by a tug-of-war between strong fundamentals and rising macro risk, but the tone has become more cautious over the past 24 hours, said an expert. ...

Energy, Oil & Gas

Alfa Laval CEO reaffirms commitment to Mideast customers

Alfa Laval, an expert in heat transfer, separation, and fluid handling technologies, reaffirms its long-term commitment to the Middle East during a two-day visit by Alfa Laval President and CEO Tom Erixon to the UAE....

Energy, Oil & Gas

IEA warns of oil market deficit amid Mideast disruption

International Energy Agency (IEA) says global oil markets face disruptions in 2026 due to Middle East conflict and Strait of Hormuz restrictions, with demand forecast to fall by 420 kb/d to 104 mb/d, led by a sharp Q2 decline....

Energy, Oil & Gas

Korean budget airlines cut 900 flights over oil prices

Jeju Air, Jin Air and other Korean budget airlines cut 900 round-trip flights and introduced emergency measures as Middle East tensions pushed jet fuel prices sharply higher, with further flight reductions expected in coming months....

Energy, Oil & Gas

EU to push for jet fuel diversification as Iran war threatens supply

The European Union (EU)​ will urge members to cut their dependence on Middle Eastern jet fuel and look into increasing imports from the US, in new guidelines expected next ‌week, an official source told Reuters, as the Iran war disrupts global supply....

Energy, Oil & Gas

INTECH secures Middle East shutdown systems project

INTECH secured a contract for the design, engineering, procurement, integration, and testing of multi-wellhead shutdown systems for gas modular skids for a leading NOC in the Middle East....

Energy, Oil & Gas

Avigilon AI video analytics help protect Middle East oil and gas sites

Gas and oil sites are among the most vital and high-risk pieces of critical infrastructure. This is especially true for the Mena region, which produces 30 per cent of the global oil supply and 17 per cent of the global gas supply, while having to account for active security risks and vulnerabilities that most of the world never considers....

Energy, Oil & Gas

Asia boosts US LPG imports to replace Middle East supply

Asia's biggest liquefied petroleum gas (LPG) importers, including India and China, are racing to replace disrupted Middle East supplies with cargoes from the Americas, driving spot premiums to record highs, analysts and traders said....

Energy, Oil & Gas

G7 reaffirms commitment to safeguard global energy stability

The finance and energy ministers of the G7 group affirmed their readiness to take "all necessary measures" to ensure the stability of the energy market, as part of their efforts to address the economic repercussions of the war in the Middle East....

Energy, Oil & Gas

KEC secures key power project contracts in Saudi Arabia

KEC International, a global infrastructure engineering, procurement and construction (EPC) major and a unit of key Indian conglomerate RG Group, has announced that it has secured the largest composite order from Saudi Arabia for setting up 380 kV transmission lines, substations and EHV Cabling in the kingdom. ...

Energy, Oil & Gas

Europe gas prices surge by 30pc in wake of Mideast war

European natural gas prices surged sharply by around 30 per cent on March 9, amid growing uncertainty in global energy markets and escalating military tensions in the Middle East, raising fears of prolonged supply disruptions....

Energy, Oil & Gas

Energy crisis looms as major plants shut down, Hormuz shipping halted

A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz....

Energy, Oil & Gas

Hundreds of ships drop anchor in Gulf waters

At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....

Energy, Oil & Gas

L&T units wins near $1.1bn Mideast substations contracts

Indian construction and engineering conglomerate Larsen and Toubro (L&T) said one of its key units has secured EPC orders - in the range of Rs50 billion to 100 billion ($551 million to $1.1 billion) - from leading utilities in the Middle East to establish electricity grid system elements across the region. ...

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