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Oil slips on trade uncertainty, OPEC+ output hike

- US President Trump's signs executive order doubling tariffs on steel and aluminum imports to 50%, reigniting concerns over global economic growth

05.06.2025 Oil

bp assumes operatorship of Karabakh Oil Project in Caspian Sea

- Under deal, bp acquires 35% stake in both RSA and PSA, with SOCAR retaining remaining 65%

04.06.2025 Oil

Oil prices edge lower over demand worries triggered by Trump's trade policies

- Key US labor market data, seen as gauge of economic momentum, under close investor scrutiny

04.06.2025 Oil

Türkiye, Azerbaijan to sign new deal to boost oil, gas production in Azerbaijan

- Shafag-Asiman Production Sharing Agreement to form another partnership between Turkish Petroleum, SOCAR, and bp, says Alparslan Bayraktar

04.06.2025 Natural Gas , Oil , Energy Diplomacy

Oil rises as Ukraine strikes Russian bases ahead of Istanbul peace talks

- Prospect of new US sanctions against Russia is deepening supply concerns and pushing oil prices higher

03.06.2025 Oil

OPEC+ members agree to 411,000 output rise in July

- Eight OPEC+ nations will boost oil production by 411,000 barrels per day (bpd) in July, compared to June levels, as part of plan to gradually unwind voluntary output cuts

02.06.2025 Oil

US oil rig count down by 4 for week ending May 30

- Number of US oil rigs fall by 35 compared to one year ago

31.05.2025 Oil

Oil prices set for weekly drop with possibility of OPEC+ output hike

- Eight-member coalition of OPEC+ group—including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman— are set to meet on Saturday

31.05.2025 Oil

Türkiye's oil imports down 7.8% in March

- Crude oil imports fall by 6.6% to 2.50 million tons in March, latest data shows

31.05.2025 Oil

Oil prices rise on higher US demand, OPEC+ and tariff risks weigh on outlook

- US commercial crude oil inventories fall by about 2.8 million barrels to 440.4 million barrels, against market expectation of a 1 million barrel increase

30.05.2025 Oil

US crude oil inventories down by 0.6% for week ending May 23

- Daily crude oil production increased to around 13.4 million barrels per day

30.05.2025 Oil

TotalEnergies sells $510 million stake in Nigeria's Bonga oil field to Shell

- Company sells Bonga field stake as it shifts focus to gas and operated projects in Nigeria

29.05.2025 Oil

Oil prices up as US court blocks Trump tariffs

- Markets remain focused on possibility of new sanctions against Russian oil, and upcoming OPEC+ output decision

30.05.2025 Oil

Oil prices fall as market awaits OPEC+ meeting

- OPEC+ members are expected to discuss possible production hike for July

29.05.2025 Oil

3 dead in Angola oil platform fire

- Two workers had been receiving medical treatment in South Africa, says Angola's Ministry of Mineral Resources, Petroleum and Gas

28.05.2025 Oil

Oil prices slip ahead of OPEC+ meeting amid oversupply concerns

- Oil prices edge lower as markets brace for potential supply boost from upcoming OPEC+ decision

28.05.2025 Oil

Indian authorities brace for possible oil spill after ship sinks off southern Kerala state

- Liberian-flagged vessel, carrying 'hazardous' cargo sank off Kochi coast early Sunday, with all crew rescued

28.05.2025 Oil

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

- Wara reservoir in North Wafra (Wara-Burgan-1) well shows production rate exceeding 500 barrels per day

28.05.2025 Oil

Erbil-Baghdad breakthrough could revive Iraq-Türkiye Oil Pipeline, experts say

- Following energy agreements between Kurdish Regional Government (KRG) and US firms, attention shifts to tense Erbil-Baghdad relationship

27.05.2025 Oil , Energy Diplomacy

Oil prices rise as Trump delays EU tariff deadline, Russia-Ukraine conflict intensifies

- White House confirms Trump's decision to postpone imposition of 50% tariff on EU imports until July 9

27.05.2025 Oil

Nigerian army shuts down 19 illegal oil refineries in Niger Delta

- 589,000 liters of petroleum products seized, 20 suspects detained in anti-smuggling operation

26.05.2025 Oil

Leak halts production at major Libyan oil field

- National Oil Corporation says environmental response teams deployed as pressure eased from Zawiya line

26.05.2025 Oil

US oil rig count down by 8 for week ending May 23

- Number of US oil rigs fall by 32 compared to one year ago

25.05.2025 Downstream

Oil prices head for weekly decline amid OPEC+ output speculation, Iran nuclear talks

- Fifth round of US-Iran nuclear talks is taking place today in Rome, with Oman acting as mediator

25.05.2025 Oil

Oil prices slip as OPEC+ considers supply boost, US-Iran talks loom

- OPEC+ group is expected to consider an output hike at its June 1 meeting

25.05.2025 Oil

Oil prices slip on upcoming US-Iran negotiations, rising US crude stockpiles

- Fifth round of Iran-US talks over Tehran's nuclear program set to take place in Rome on Friday

24.05.2025 Oil

US crude oil inventories up by 0.3% for week ending May 16

- Daily crude oil production increased to around 13.39 million barrels per day

23.05.2025 Oil

US sanctions rollback expected to boost Syria's rebuilding process

- Following US President Donald Trump's announcement to lift sanctions on Syria, focus shifts to how Damascus will meet its energy needs

22.05.2025 Oil , Energy Diplomacy

Oil edges higher amid reports of potential Israeli strike on Iran's nuclear facilities

- Intelligence reports of possible Israeli strike on Iranian nuclear sites raises fear of supply disruptions despite ongoing US-Iran nuclear negotiations

22.05.2025 Oil

Oil prices edge lower amid Russia-Ukraine peace talks, demand concerns

- Markets react cautiously as Trump claims imminent Russia-Ukraine ceasefire following call with Putin

22.05.2025 Oil

Oil prices decline amid rising supply concerns linked to Iran nuke talks

- New nuclear proposal of US to Iran in the latest round of talks affected oversupply worries in the markets

19.05.2025 Oil

US oil rig count down by 1 for week ending May 16

- Number of US oil rigs fall by 24 compared to one year ago

18.05.2025 Oil

Oil heading for 2nd consecutive weekly gain with US-China trade truce

- Expectations of increased Iranian supply cap weekly gains with renewed prospects for nuclear deal

17.05.2025 Oil

Oil prices edge lower as oversupply fears mount amid nuclear deal talks

- Despite recent decline, prices remain on track for second consecutive weekly gain, supported by easing trade tensions between US and China

16.05.2025 Oil

IEA revises up oil demand growth forecast by 20,000 barrels for 2025

- Revision reflects upwardly revised GDP growth forecast and lower oil prices

20.05.2025 Oil

Oil prices fall amid surprise rise in US crude stocks, US-Iran nuclear talks

- US Energy Information Administration reports 3.5 million barrel rise in country's commercial crude oil inventories last week, reaching 441.8 million barrels

16.05.2025 Oil

US crude oil inventories up by 0.8% for week ending May 9

- Daily crude oil production increased to around 13.38 million barrels per day

16.05.2025 Oil

OPEC daily crude output down 0.23% in April

- Global oil demand growth forecast for 2025 revised down at 1.3 million barrels per day

16.05.2025 Oil

Oil prices fall as inventory concerns offset US-China trade optimism

- Both benchmarks fall after API data show 4.3 million-barrel rise in US crude stocks, signaling weaker demand and pressuring prices

14.05.2025 Oil

Oil prices slide as US-China tariff truce sparks optimism, supply surge looms

- US and China agree to a 90-day tariff rollback, easing trade tensions after Swiss talks

13.05.2025 Oil

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

- World's biggest crude exporter, posts net income of $26 billion for January-March period, down from $27.3 billion in Q1 2024

13.05.2025 Oil , Finance

Oil prices rise amid signs of progress in US-China trade talks

- Oil prices edge higher as US-China trade talks show signs of progress, easing global market tensions

13.05.2025 Oil

Zelenskyy welcomes UK’s sweeping sanctions on Russia’s shadow fleet

- Ukrainian leader thanks Prime Minister Starmer for targeting Kremlin’s oil revenue

10.05.2025 Oil

UK to sanction Russian oil tankers in bid to undermine Kremlin war effort

- Sanctioned ships will be banned from entering British ports, may be detained if found in UK waters, according to 10 Downing Street

10.05.2025 Oil

US oil rig count down by 5 for week ending May 9

- Number of US oil rigs fall by 22 compared to one year ago

12.05.2025 Oil

Oil prices rise weekly amid US inventory drop, trade talks, OPEC+ move

- Crude prices rebound sharply as demand signals strengthen and global trade tensions ease

10.05.2025 Oil

Oil up on US-UK trade deal, hopes for US-China talks

- Trade deals are expected to ease pressure on global trade and boost oil prices by improving demand prospects

09.05.2025 Oil

Oil rise on US inventory decline, renewed hopes for US-China trade talks

- China confirms meeting initiated by US, reiterates readiness to engage in constructive dialogue

08.05.2025 Oil

US crude oil inventories down by 0.5% for week ending May 2

- Daily crude oil production decreased to around 13.36 million barrels per day

09.05.2025 Oil

Oil prices climb on US-China trade hopes, supply outlook

-Expectations that US and Chinese officials to meet this week in first formal step toward trade talks since President Donald Trump imposed sweeping tariffs on China, push oil prices up

08.05.2025 Oil

US energy agency revises down Brent price forecast for 2025

- International benchmark Brent crude estimated to average $65.85 per barrel

08.05.2025 Oil

Oil prices up after sharp drop sparked by OPEC+ output hike plan

- Prices rebound on profit-taking after plunging to their lowest since February 2021 on Monday, following OPEC+ decision by 8 members to boost output.

07.05.2025 Oil

Energy giants’ profits sink more than 20% as oil prices fall

- Profits of world's 8 largest oil companies drop 21.3% to $31 billion in Q1

07.05.2025 Oil

Oil prices slide as OPEC+ moves to boost output

- Key producers Saudi Arabia and Russia are set to lead the increase, with analysts saying move points to rise in global oil supply over coming months

06.05.2025 Oil

OPEC+ members fast-track oil supply increase

- Eight OPEC+ nations will boost oil production by 411,000 barrels per day in June, compared to May levels

05.05.2025 Oil

Syrian energy minister calls Türkiye to invest in Syria amid cross-border cooperation plans

- Türkiye-Syria to sign framework agreement for broader energy cooperation, Mohammed al-Bashir tells Anadolu

06.05.2025 Electricity , Natural Gas , Oil , Energy Diplomacy

US oil rig count down by 4 for week ending May 2

- Number of US oil rigs fall by 20 compared to one year ago

03.05.2025 Oil

Oil prices post weekly decline amid US-China trade tensions and supply concerns

- Brent slips below $62 as markets weigh US-China trade war and OPEC+ supply plans

02.05.2025 Oil

Oil prices rise as China signals openness to trade talks with US

- Hopes of easing trade tensions between world's two largest economies lift global markets

03.05.2025 Oil

OPEC+ plays key role in stabilizing oil markets during global turmoil

- OPEC+ interventions cut oil price volatility nearly in half during major global crises between 2017 and 2024

03.05.2025 Oil

Oil prices falls on global demand, supply concerns

- Concerns over weak demand and potential supply glut pushes oil prices toward their sharpest decline

01.05.2025 Oil

US crude oil inventories down 0.6% for week ending April 25

- Daily crude oil production rises to around 13.46 million barrels per day

03.05.2025 Oil

Turkish, Hungarian national oil companies to begin exploration at 2 sites in Hungary

- Cooperation between TPAO and Hungary’s MOL expected to grow stronger and continue in future, says Alparslan Bayraktar following signing new deal between 2 national oil companies

02.05.2025 Natural Gas , Oil , Energy Diplomacy

Oil prices extend losses on demand, supply glut concerns

- Mounting concerns over weak demand and potential supply glut push oil prices toward their sharpest monthly decline since November 2021

01.05.2025 Oil

Türkiye's energy import bill up 6.4% in March

- At $5.86 billion, energy accounted for 19.6% of the overall import figures in Türkiye in March

03.05.2025 Electricity , Oil

Oil prices slide amid US-China trade tensions and rising supply outlook

- Ongoing US-China trade tensions and OPEC+ supply plans continue to weigh on oil prices

30.04.2025 Oil

Oil edges lower amid uncertainty over US-China trade talks

- Concerns over potential oversupply in global oil markets weigh on prices

28.04.2025 Oil

Türkiye's energy bill burden to ease with declining oil prices: Experts

- Since April 2 — dubbed 'liberation day' by Trump — Brent crude sheds 10.5%, or roughly $7.80 per barrel, while WTI crude loses 10.7%, or around $7.60

27.04.2025 Oil , Finance

US oil rig count up by 2 for week ending April 25

- Number of US oil rigs fall by 23 compared to one year ago

29.04.2025 Oil

Oil prices set for weekly loss as diplomatic developments fuel oversupply concerns

- Concerns over escalating US-China trade tensions, US mediation in Russia-Ukraine conflict, along with Iran nuclear talks weigh on prices

26.04.2025 Oil

Oil prices rise amid US-China trade optimism while OPEC+ output hike caps gains

- Overall optimism regarding trade talks continues to influence market sentiment

25.04.2025 Oil

Oil prices edge higher amid trade optimism and Fed remarks

- Trump's shift in tone signals potential policy moves that could boost oil demand

25.04.2025 Oil

US crude oil inventories up 0.1% for week ending April 18

- Daily crude oil production rises to around 13.46 million barrels per day

25.04.2025 Oil

Oil prices rise amid US trade policies, Trump's criticism of Fed

- Weakening of dollar is boosting demand appetite among market players, supporting upward movement in oil prices

24.04.2025 Oil , Finance

Oil prices rise amid US strikes in Yemen, Trump's criticism of Fed

- US President Donald Trump's ongoing pressure on Fed Chair Powell to lower interest rates contributes to upward momentum in oil prices by raising concerns about Fed's independence

22.04.2025 Oil

Oil prices fall with US-Iran nuclear deal hopes, US-China trade concerns

- Geopolitical tensions between US and China, potentially involving other countries, could put pressure on global trade and reignite inflationary risks

22.04.2025 Oil

US oil rig count up by 1 for week ending April 17

- Number of US oil rigs fall by 30 compared to one year ago

22.04.2025 Oil , Finance

Oil prices head for modest gain on week ending April 18 over US trade talks hopes

- Markets are closed Friday in observance of the Good Friday, ahead of the Easter weekend

19.04.2025 Oil

Oil markets closed on Good Friday Holiday

- Crude prices close higher on Thursday, due to optimism over ongoing trade negotiations

18.04.2025 Oil

Libya hosts investor meeting in Istanbul for major oil, gas bid round

- 'This is the first bid round of its kind in the past 17 years, featuring new and attractive contractual terms for investors,' says Libya's oil and gas minister

18.04.2025 Natural Gas , Oil , International Relations

Global carbon emission storage facilities double in 5 years

- Number of facilities storing emissions from thermal power plants and industrial chimneys worldwide rises to 50

20.04.2025 Natural Gas , Oil , Coal

US crude oil inventories up 0.1% for week ending April 11

- Daily crude oil production rises to around 13.46 million barrels per day

17.04.2025 Oil

Oil prices slide amid US-China trade tensions

- Rising US crude inventories add to concerns over weakening demand

17.04.2025 Oil

Int. Energy Agency revises down oil demand growth forecast for 2025

- US and China account for roughly half of downgrade, with trade-oriented Asian economies making up majority of rest, says IEA

15.04.2025 Oil

Oil prices up amid US tariff exemptions, output cuts and Washington-Tehran talks

- Decline in OPEC's crude oil production fuels supply concern among market participants, pushing prices higher

16.04.2025 Oil

OPEC daily crude output down 0.29% in March

- Global oil demand growth forecast for 2025 revised down at 1.3 million barrels per day

16.04.2025 Oil

Oil prices down amid mixed signals on US trade policy

- Weak dollar exerts upward pressure on prices, making dollar-indexed crude oil cheaper for buyers

15.04.2025 Oil

Azerbaijan exports around 3 bcm gas to Europe, 2.3 bcm to Türkiye in 1st quarter

- Between January and March, 1.4 billion cubic meters of gas were sent to Türkiye via TANAP, says Azerbaijani energy minister

14.04.2025 Natural Gas , Oil

Banias oil refinery resumes operations in Syria’s Tartus province

- Estimated production capacity around 95,000 barrels per day at refinery

14.04.2025 Oil

US oil rig count down by 9 for week ending April 11

- Number of US oil rigs fall by 26 compared to one year ago

14.04.2025 Refining/Petro Chemistry

Oil prices set for second straight weekly loss

- Brent crude drops to $58.22 per barrel during week ending April 11, testing its lowest level since February 2021

11.04.2025 Oil

Oil prices up amid Trump’s decision to suspend tariffs

- Ongoing US-China trade dispute, alongside rising US oil inventories continue to raise concerns about global oil demand

11.04.2025 Oil

US energy agency revises down Brent price forecast for 2025

- International benchmark Brent crude estimated to average $67.87 per barrel

12.04.2025 Oil

Oil prices slide despite brief rebound

- Brent crude dips on US-China tariff tensions and rising US stockpiles

10.04.2025 Oil

US crude oil inventories up by 0.6% for week ending April 4

- Daily crude oil production falls to around 13.46 million barrels per day

10.04.2025 Oil

Brent prices at their lowest since Feb 2021 amid US-China tensions

- Brent crude falls to $59.97 per barrel in international markets on April 9, marking its lowest level since February 2021

10.04.2025 Oil

Oil prices fall amid trade fears, supply surplus expectations

- Prices decline as US President Donald Trump's sweeping global tariffs take effect, including a staggering 104% tariff on Chinese imports

09.04.2025 Oil

Oil prices rebound with profit-taking

- Prices partially recover as investors look to take advantage of previous session's low pricing

09.04.2025 Oil

Oil prices fall amid global trade fears, OPEC+ production

- Brent crude plummets 3.87% to $63.20 per barrel, hitting a four-year low

08.04.2025 Oil

Syrian government plans to take control of oil fields east of Euphrates

- Ghassan Ahmed, Governor of Syria's Deir ez-Zor province, stated that oil fields will be fully transferred to control of Ministry of Oil, marking a significant boost to the country's economy

07.04.2025 Oil , Energy Diplomacy

Oil prices are forecasted to stay below $80 threshold for extended period

- Brent crude drops 9.2% to $65.74 in first week of April, marking its lowest weekly close since August 2021

07.04.2025 Oil

US oil rig count up by 5 for week ending April 4

- Number of US oil rigs fall by 19 compared to one year ago

05.04.2025 Oil

Oil prices head for lowest close since August 2021 amid escalating trade tensions

- Following China's move to impose retaliatory tariff on US goods, prices plunged sharply on Friday, with weekly decline exceeding 10%

05.04.2025 Oil

Trump's tariff decisions hold potential to destabilize oil prices

- By April 3, Brent crude plunges 5.4%, closing at $69.63, after US President Donald Trump's April 2 tariff actions

05.04.2025 Oil

Oil prices fall amid US tariffs, OPEC+ supply boost stoke market fears

- President Trump issues executive order enforcing 10% baseline tariff on all imports

04.04.2025 Oil

Global electricity generation from renewables and nuclear surpasses 41% in 2024

Vilnius unveils emergency evacuation plan amid military and nuclear threat concerns

Russia, Ukraine accuse each other of disrupting IAEA rotation at Zaporizhzhia plant

Heads of Russian, UN nuclear watchdogs start meeting in Moscow

Türkiye says power system strong amid European blackout

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Türkiye says power system strong amid European blackout

Global carbon emission storage facilities double in 5 years

Trump seeks to revive coal industry and reverse long-term decline with new orders

Highlights of Türkiye's energy market in 2024

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Spot market natural gas prices for Thursday, April 17

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Global LNG exports rise 3.1% in 1st quarter on soaring EU demand

Cold winter drives gas price spikes, LNG inflows to Europe: Oxford

Türkiye's LPG production down 4.2% in January

Utilisation of EU LNG terminal plunges to 42% in 2024

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 8 for week ending May 23

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US oil rig count down by 9 for week ending April 11

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

Global wind power capacity sees record growth in 2024

Solar and wind permanently overtakes domestic coal in Türkiye's power generation

Türkiye showcases its wind energy potential at WindEurope 2025 in Copenhagen

Türkiye's wind energy sector poised for steady growth: head of Turkish Wind Energy Assoc.

Chile launches largest solar plant with battery storage in Latin America

Türkiye's daily solar power generation hits highest level of year

China set to surpass 50% of global solar capacity in 2025

Solar and wind permanently overtakes domestic coal in Türkiye's power generation

Hydropower's role expands amid soaring global electricity demand

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Spot market natural gas prices for Saturday, May 31

Pakistan plans to allocate 2,000 megawatts of electricity for Bitcoin mining, AI data centers

Spot market electricity prices for Tuesday, May 20

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

Türkiye's energy bill burden to ease with declining oil prices: Experts

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

UK vows energy cooperation with US despite climate policy rift: Energy minister

Türkiye's wind, solar energy share in installed electricity capacity reaches 30% in Q125

Türkiye's renewable share in electricity capacity rises to 60%

Global leaders of energy sector to convene at İstanbul Energy Forum

Türkiye's LPG production up 12.4% in March

Türkiye's LPG production down 4.3% in December 2024

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

Former Lithuanian FM warns Russia's shadow fleet threatens EU security

Turkmen natural gas set to reach Türkiye on March 1