ع
Sections
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Documents & Memoirs
Regions
  • Gulf
  • MENA
  • Europe
  • USA
  • Asia
  • World
More
  • Videos
  • Cartoons
  • World in photos
  • Infographics
  • Profiles
  • Newsletter

LATEST ISSUE

Latest Issue
Magazine Archive
النسخة العربية
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Tag
  • oil

A peshmerga fighter poses in front of a wall with a large fresco of the flag of Kurdistan. The fort overlooks Artush, a major oil refinery. Getty

Baghdad cuts Kurdistan’s oil revenue and independence hopes

Erbil voted to go it alone in 2017, but that was when it controlled its own oil to sell through Turkey. Today, it does neither. With no partners on the horizon, it is left seeking central handouts.

Baraa Sabri 16 September 2024
A US Apache attack helicopter patrols above an oil production facility near al-Malikiyah (Derik) in Syria's north-eastern
Hasakah province on October 27, 2020. Delil Souleiman/AFP

Syria’s oil industry was once booming. Could it be again?

War sent oil firms running while the loss of territorial control in the oil- and gas-rich north-east left the Kurds with the hydrocarbons and Damascus reliant on Iran. Will the good times roll again?

Manaf Saad 17 August 2024
A Bolivarian militia member at a polling station during the referendum on Venezuelan sovereignty over the Esquibo region, in Caracas on December 3. AFP

Why oil and politics are re-igniting an old conflict between Venezuela and Guyana

The world faces a renewed geopolitical fault line in South America. Borders drawn by colonial powers cross disputed territory now rich in resources. Fears of war are real, but open conflict unlikely.

Paul Achkar 16 December 2023
Al Majalla outlines the main factors for the decision by Saudi Arabia and Russia to cut oil production and how this could impact the upcoming US elections. Agencies/Majalla

Production cuts and price rises put oil back at the centre of global politics

Al Majalla outlines the main factors behind Saudi Arabia and Russia's decision to cut oil production and how this could impact the upcoming US elections

Khaled Hamadeh 16 September 2023
Oil reserves in Sudan and South Sudan remain underutilised, largely due to war. Meanwhile, lack of stability has curbed potential foreign investment in East Africa's oil fields. Ewan White

The massive untapped potential of East Africa’s oil reserves

Oil reserves in Sudan and South Sudan remain underutilised, largely due to war. Meanwhile, lack of stability has curbed potential foreign investment in East Africa's oil fields.

Faisal Faeq 26 May 2023
Shutterstock

Saudi Arabia’s economy broadens as public spending powers reform

Saudi Arabia's first-quarter budget figures reflect a steadily diversifying the economy, reducing reliance on oil as the country's main source of income, and boosting opportunities the private sector

Shujaa Albogmi 16 May 2023
A worker at a primitive oil refinery poses for a picture at the facility in the town of al-Qahtaniya in Syria's Kurdish-controlled northeastern Hasakah province, near the border with Turkey, on November 15, 2021. Getty Images

Syria looks to Libya oil deal as blueprint to access vital revenue stream

With more than 15 million Syrians in need of aid an agreement to resurrect oil production may be the answer with Libya setting the precedent

Ibrahim Hamidi 29 April 2023
The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic Shutterstock

Why did OPEC+ producers cut oil output?

The decision to reduce production to 3.6 million barrels per day is the largest oil cut since the pandemic

Faisal Faeq 04 April 2023
Shutterstock

Libya's oil wealth: A blessing and a curse

While Libya has an abundance of oil it is politically and strategically divided and lacks economic and human capital

Mohamed Sharki 06 March 2023
An aerial view shows Kuwait City and the National Assembly Building (Kuwait Parliament), Kuwait, March 20, 2020. REUTERS

Kuwait’s demographic predicament needs skills, not speed

It will take time not legislation to reduce Kuwait's foreign labour force dependence

Amer Ziab Al-Tamimi 01 March 2023
  •  Load More
  • Popular
  • Editor's Pick
In this image, taken from a video provided by the Russian Defence Ministry Press Service on 21 May 2026, a Russian navy seaman takes part in drills of Russia's nuclear forces. Russian Defence Ministry Press Service/AP
Politics

Russia’s timely reminder of its vast nuclear arsenal

03 June 2026

Military exercises in Belarus at an unusual time of year seem designed in part to make Moscow's adversaries think twice

Khattar Abu Diab
Opinion

Has Trump's patience with Netanyahu run out?

04 June 2026

The Israeli leader's intransigence is proving deeply problematic for the White House, so much so that Trump swore at him on a recent phone call

Con Coughlin
Units of Moqtada Sadr's militia parade with his photo down a main street of the Shiite stronghold of Sadr City June 21, 2014, in Eastern Baghdad. Washington Post
Politics

Sadr once again dismantles his armed militia. Why now?

03 June 2026

The decision to dismantle the Peace Brigades may herald a new stage in the Iraqi state's trajectory, or it could just be a shrewd recalibration to disorient friend and foe alike

Khairuldeen Al Makhzoomi
Adrián Astorgano
Business & Economy

Why people flock to the dollar when local currencies collapse

05 June 2026

An estimated 60% of all US banknotes in circulation are held outside the United States. In many parts of the world, the dollar is effectively the unofficial local currency. Al Majalla explains why.

Abdel-Rahman Ayas
A Royal Caribbean cruise sails into the Havana harbour on 6 May 2019, after the activation of Chapter III of the Helms-Burton Act, which sought to intensify the US blockade against Cuba. YAMIL LAGE / AFP
Politics

Cuba, lawfare, and Trump’s Venezuela temptation

02 June 2026

A new American legal ruling turns the screw on the Caribbean island nation by increasing the risks companies face by continuing to make money there. This is all part of the plan.

Stefanie Butendieck Hijerra

Sign up for the Weekly Newsletter

Get the best of Al Majalla, straight to your inbox.

Your newsletter subscriptions are subject to Al Majalla privacy policy and terms and conditions.

OPINIONS

Why people flock to the dollar when local currencies collapse

Abdel-Rahman Ayas
Abdel-Rahman Ayas

Roman Gofman: Israel's new Netanyahu-friendly Mossad chief

Kamal Alam
Kamal Alam

Lower migrant numbers hand Starmer a rare political win

Con Coughlin
Con Coughlin

Al Majalla's Book Watch

Khodr Al Agha
Khodr Al Agha
MORE FROM OPINIONS
logo
  • Politics
  • Culture & Social Affairs
  • Business & Economy
  • Science & Technology
  • Documents & Memoirs
  • Gulf
  • MENA
  • Europe
  • USA
  • Asia
  • World
  • Videos
  • Cartoons
  • World in photos
  • Infographics
  • Profiles
  • About Al Majalla
  • Al Majalla Team
  • Terms of Service
  • Privacy Policy
  • Contact us
logo

© Al Majalla Magazine. All Rights Reserved.

0:00:00
0:00:00