Syria's Energy Comeback Could Reshape Middle East Oil and Gas

OilPrice.com·Oct 24, 2026 · 2:00 PM CT

Readthrough summary

Syria's transitional government under President Ahmed al-Sharaa is betting on energy as part of its post-war reconstruction, aiming to make the country a regional hub. The government has taken control of assets including the Omar oil field and Tabiyeh gas complex as it pushes reforms ahead of planned elections in 2030.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at OilPrice.com.

Read the original at OilPrice.com

More XLE & Oil

Rigzone·1d ago

Brent Tops $116 as Middle East Risks Grow

Brent crude ended the week at its highest since April, settling just below $117 after a weekly gain of more than 6%, as Houthi attacks on Saudi Arabia added to supply fears from the US-Iran war. WTI closed above $103.

DOE News·1d ago

Energy Department Authorizes Strategic Petroleum Reserve Exchange to Support Fuel Supply Stability

The Energy Department authorized an emergency exchange of up to 400,000 barrels of crude from the Strategic Petroleum Reserve to ease fuel supply problems in Louisiana and the surrounding region.

OilPrice.com·1h ago

Fuel Oil Becomes Asia’s Next Cost Shock

Singapore's shipping-fuel market is adding cost to Asian trade, as disrupted Middle East and Russian supplies and high freight rates push high-sulphur fuel oil above the price of the crude used to make it. The November HSFO crack against Dubai crude topped $10 a barrel in mid-October versus a roughly $5 discount before the war. Seasonal Gulf supply and more Chinese export quotas could ease very-low-sulphur fuel oil by year-end.

DOE News·1d ago

Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity

President Trump announced up to $150 million in Defense Production Act Title III funding to expand petroleum production, storage and logistics at U.S. refineries, including restarting a refinery.