Economy & Finance

The Middle East’s largest economies have long sought to reduce their dangerous dependency on oil revenues, with Saudi Arabia’s high-profile Vision 2030 just the latest in a long list of such strategies. Even the region’s smaller economies have fallen into the trap of heavily subsidizing fuels and electricity, and are increasingly struggling with the financial impact.

Economics & Finance

5 Jun, 2026

Featured

Libya Oil Revenues Near $4bn

Libyan oil revenues are at their highest level in a decade, as the North African state benefits from the market disruption caused by the Hormuz crisis.
Libya Oil Export Revenues ($bn): Noc's Reported Revenues For 2025 Have Rebounded From 2024's Four-Year Low
Economics & Finance

12 Jun, 2026

Top Story

Egypt Clears IOC Arrears, Will Production Increases Follow?

Cairo has kept its word and settled arrears to the country’s oil and gas producers. Minister of Petroleum Karim Badawi hopes the improved operational environment will facilitate an output boost but faces an uphill task.
Egypt Struggles To Maintain Oil Output Gains As April Dips To 523,000 b/d After Recent Resurgence While Gas Descent Continues
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NEWS IN BRIEF

Syria Tenders For New Refinery

19 Jun, 2026

New Pipeline System Planned For Syria

19 Jun, 2026

ConocoPhillips Finalizes Syria Contract

19 Jun, 2026

SPC Plans First Upstream Bid Round

19 Jun, 2026

Jordan Eyes Risha Gas Boost

19 Jun, 2026

Chevron Completes Israel Tamar Expansion

19 Jun, 2026

Egypt Approves 869MW Voltalia Wind Farm

19 Jun, 2026

Opec Revises Up Long Term Oil Demand Outlook Again

19 Jun, 2026

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SELECTED DATA

Qatar Is On Track For Its First Annual Deficit Since 2020 ($bn)

Iraq’s Crude Oil Export Revenues Set To Drop By $11bn This Year As Falling Oil Prices Take Their Toll ($/B)

Saudi Arabia Budget Deficit Topped $30bn Last Year. Deficits Forecast To Stretch Out To At Least 2028

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