Saudi Arabia will need to drop production by a million barrels a day from 2012 levels if it wants to keep the global oil market balanced and defend $100 Brent, according to Energy Security Analysis Inc. consulting firm.  More »

The new solar steam plant in Oman, the first of its kind in the Middle East, uses solar power to squeeze oil from the ground with a technique called steam-flooding.  More »

Middle Eastern countries are starting to feel the pinch of the U.S. shale revolution. Even Saudi Arabia will find new competition for its liquefied petroleum gas and other feedstock exports, as the United States hikes its exports of natural gas liquids.  More »

Forget the Arab Spring. Islamists have already hijacked it. But, as if internally extinguishing the hope of democracy isn’t enough, dark clouds are now gathering to blot out the economic ‘sun’ for the oil-powered Middle East states, ushering in – courtesy of the West’s technological fracking ‘miracle’ – a new Arab winter.  More »

Since its inception in 1960, OPEC has never been shy in flexing its energy-fuelled power over the West. But those days are gone. And it’s not just the US and Israeli shale gas and oil revolution which threatens OPEC decline. OPEC is already grappling with a whole bunch of serious energy problems that are colluding to hasten its demise.  More »

The CEO of Noble Energy criticized Israel’s decision in 2011 to nearly double tax rates on gas profits.  More »

Iran plans increase its natural gas exports as a way to diminish its reliance on crude sales, a senior Iranian Oil Ministry official said.  More »

Israel’s transformation from a land of milk and honey into a land awash with oil and gas money is under way. When the country’s offshore Tamar field finally started pumping domestic natural gas direct to Haifa on the last day of March 2013, it meant that Israel was no longer in the thrall of its Arab neighbours for gas imports. And it also signalled the beginning of what could be an Israeli energy superpower status.  More »

Bahrain plans to boost output of natural gas by tapping deep reserves and build a terminal to import liquefied gas, the head of its state-owned energy investment holding company said.  More »

Recent discoveries of massive offshore natural gas deposits, set to begin flowing in the coming days, are turning into a mixed blessing for Israel.  More »

Saudi Arabian Oil Co., the world’s biggest crude exporter, also expects to become the top producer of refined products such as fuel and petrochemicals, according to Khalid al-Falih, the company’s chief executive.  More »

Ever since massive quantities of natural gas were discovered in Israeli and Cypriot territorial waters, the reaction of Russia under the ubiquitous Vladimir Putin became a giant question mark. After all Russia’s energy hegemony over Europe was at stake.  More »