Middle East

Macquarie walks away from Kuwait oil pipelines deal amid Iran war

The Australian infrastructure investor notified Kuwait Petroleum Corporation on Friday that it was exiting the process because of the conflict and uncertain outlook, one source said, as dealmakers try to press ahead with the transaction despite unprecedented regional volatility.

Oil majors' output in the Middle East

Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli on Iran has disrupted oil and gas shipping and halted some output.

Middle East conflict could force up to 6 MMbpd crude run cuts across Asia

Iraq asks KRG to help pipe crude oil to Turkey

The Kurdistan Pipeline Company operates Iraqi Kurdistan's main oil pipeline, which transports crude from northern Iraq to a border connection point with the Iraq–Turkey pipeline.

IEA announces record release of strategic stocks in response to Iran war oil price surge

The IEA said the release had been backed unanimously by 32 member countries, the sixth such move it has made since its creation in the 1970s.

Mitsui Chemicals cuts output with other Japanese companies amid Iran crisis

UAE oil giant ADNOC's Ruwais refinery shut as precaution after drone strike

Abu Dhabi authorities were responding to a fire at the facility following a drone attack.

China's Wanhua Chemical declares force majeure on supplies to Middle East

Iran war causes major oil, gas disruptions

The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbors have disrupted oil and natural gas exports from the Middle East and forced production stoppages.

Asia refineries, petchem firms cut runs as Middle East conflict disrupts feedstock supplies

Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East, have been quick to declare force majeure on petrochemical supplies to customers.