Anadolu Agency

home > Oil

More Oil News

OPEC crude production drops 177,000 bpd in May

- OPEC sees lower May crude production as declines in Iran, Libya and Nigeria outweigh gains elsewhere

12.06.2026 Oil

OPEC+ output hikes fail to overcome Hormuz supply crisis

- Production increases have little physical impact as supply remains constrained by Strait of Hormuz disruption and broader production limits, experts say

12.06.2026 Oil

Oil rises as fresh US-Iran strikes fuel supply disruption fears

- Concerns over supply disruptions and falling US crude inventories support oil prices amid worsening regional tensions

11.06.2026 Oil

US crude oil inventories down 1.7% in week ending June 5

- ⁠Daily crude oil production increases to around 13.8 million barrels per day

11.06.2026 Oil

Trump says US secured passage of more than 100M barrels of oil through Strait of Hormuz

- More than 200 commercial vessels ‘safely’ completed voyages through waterway as part of 'secret mission' of US military, says president

12.06.2026 Oil

Oil mixed over renewed supply concerns after US strikes on Iran

- Prices, after slipping to seven-week low in previous session, were little changed as traders weighed US-Iran developments

10.06.2026 Oil

Oil prices fall over 5% after Israel-Iran halt attacks, easing supply fears

- Weak Chinese crude imports, record US exports, reserve releases also pressure prices

10.06.2026 Oil

US energy agency expects Hormuz oil shipments to resume in Q3, full recovery only in 2027

- Oil inventories in OECD countries to fall to their lowest levels since 2003, EIA forecasts

10.06.2026 Oil

Oil slips as Iran-Israel halt attacks, Trump signals progress in talks

- US President Trump expects 'total victory' over Iran within two weeks

10.06.2026 Oil

Libya's NOC signs project management partnership with PMI

- Agreement focuses on training, professional certifications and adoption of international project management standards across Libya's energy sector

09.06.2026 Oil

Brent up nearly 5% amid missile strikes and Red Sea threats

- Oil markets rally 5% as Iran-Israel conflict widens with fresh strikes and missile launches, while OPEC+ output increase helps limit further gains

09.06.2026 Oil

Seven OPEC+ nations to increase oil output by 188,000 bpd in July

- Seven country group is scheduled to meet again on July 5

09.06.2026 Oil

US oil rig count up for week ending June 5

- Number of US oil rigs fall by 11 compared to one year ago

07.06.2026 Oil

Russia expects to derive $13.6B from Strait of Hormuz oil spike

- If high crude prices persist through 2026 end, 1-trillion-ruble windfall may be injected into National Welfare Fund, while Moscow still on track to exceed fiscal targets via state privatization, says Finance Minister Anton Siluanov

07.06.2026 Oil , Finance

Oil heads for weekly rise as Hormuz risks, Russia sanctions support prices

- Markets weigh Strait of Hormuz risks and Russian supply concerns against renewed diplomatic signals from Washington and Tehran

05.06.2026 Oil

Oil steadies as tighter Russia sanctions support market, Iran talks cap gains

- Prospects of tougher US sanctions on Russia and persistent geopolitical risks support oil prices, while diplomatic signals between Washington and Tehran limit gains

05.06.2026 Oil

Brent slips below $95 amid ceasefire optimism, US-Iran diplomacy hopes

- Oil prices fall after optimism over Israel-Lebanon ceasefire and renewed diplomatic signals between Washington and Tehran ease geopolitical risks

05.06.2026 Oil

Oil prices ease on hopes of progress in US-Iran talks

- Prices slip on US-Iran deal optimism and ceasefire hopes, while lower US crude inventories limit losses

05.06.2026 Oil , Finance

Rising fuel costs strain Pentagon budget: Report

- US army forced to cut back on training amid $4B-$6B shortfall driven by several factors, notably Iran war

05.06.2026 Oil

US crude oil inventories down 1.8% in week ending May 29

- Daily crude oil production falls to around 13.7 million barrels per day

04.06.2026 Oil

Oil prices rise on uncertainty over US-Iran peace talks, renewed Gulf tensions

- US President says negotiations with Iran are continuing without interruption and called on Tehran to "reach an agreement one way or another"

03.06.2026 Oil

Crude eases amid uncertainty over US-Iran ceasefire talks

- Markets remain cautious as uncertainty over future of US-Iran ceasefire and Strait of Hormuz keeps geopolitical risks in focus

02.06.2026 Oil

Energy prices down as tensions ease in Middle East

- Brent falls to below $95, WTI at. $91.9

02.06.2026 Oil

Oil prices continue to increase amid US-Iran deal uncertainty

Brent exceeds $97, WTI at above $94 as Tehran suspends indirect exchanges with US over Israeli attacks in Lebanon

01.06.2026 Oil , Finance

Oil prices rise 5% as US-Iran deal uncertainty, Hormuz risks persist

- Brent climbs above $95, WTI nears $93 as Tehran suspends indirect exchanges with US over Israeli attacks in Lebanon

01.06.2026 Oil

Oil prices gain as US, Iran exchange attacks

- Latest escalation adds to concerns that regional instability could threaten oil supplies

01.06.2026 Oil

US oil rig count up for week ending May 29

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

02.06.2026 Oil

Oil prices extend weekly losses on US-Iran ceasefire hopes

- Brent crude plunges nearly 10% this week as reports of drafted 60-day extension of US-Iran ceasefire ease fears over supply disruptions through Strait of Hormuz

29.05.2026 Oil

Geopolitical thaw drags oil prices down despite massive draw in US inventories

- While ceasefire talks between the US and Iran ease supply concerns and check upward pressure on crude, surging domestic demand ahead of the summer driving season provides a floor for falling prices

31.05.2026 Oil

US crude oil inventories down 0.7% in week ending May 22

- Daily crude oil production falls to around 13.7 million barrels per day

30.05.2026 Oil

Oil prices rise on Hormuz tensions, US sanctions on Iranian-linked authority

- Brent crude climbs as concerns over global supply intensify amid uncertainty surrounding Strait of Hormuz transit

29.05.2026 Oil

Brent crude trades under $100 per barrel amid mixed market signals

- Oil prices remained mixed as growing hopes for a ceasefire between the US and Iran were countered by renewed concerns after US strikes on Iran resumed

27.05.2026 Oil

Brent oil rises as Middle East tensions escalate

- Brent oil climbs after US strikes targeting Iran renew regional security concerns and overshadow optimism surrounding a possible peace agreement

28.05.2026 Oil

Oil prices slide over 5% as US-Iran talks show progress

- Progress in US-Iran talks boosts expectations for uninterrupted oil flows via Strait of Hormuz

26.05.2026 Oil

Oil prices rise as markets weigh risks in US-Iran tensions

- Positive signals from Washington-Tehran talks raise hopes for reduced risks to regional energy routes and global supply chains

25.05.2026 Oil

Crude price edge higher as lower US inventories outweigh easing tensions

- Brent crude rise above $106 per barrel after US stockpile data signal stronger demand and tighter supply conditions

22.05.2026 Oil

US crude oil inventories down 1.7% in week ending May 15

- Daily crude oil production falls to around 13.7 million barrels per day

22.05.2026 Oil

Türkiye's oil imports up 7.8% in March

- Oil exports rise by 0.92% to 1.3 million tons, according to country's energy watchdog

20.05.2026 Oil

Oil prices fall on easing Iran supply concerns

- Oil prices decline after US officials signaled optimism over ongoing negotiations with Iran

21.05.2026 Oil

US Treasury issues temporary 30-day general license to provide access to Russian oil

- 'This extension will provide additional flexibility, and we will work with these nations to provide specific licenses as needed,' says Secretary Bessent

20.05.2026 Oil

Iranian president defends talks with US amid oil export difficulties: Report

- Pezeshkian says Iran cannot ‘fight forever’ as country faces economic pressure, according to report

19.05.2026 Oil , Energy Diplomacy

Oil prices retreat after Trump delays Iran military strike

- US extends 30-day sanctions waiver for Russian oil purchases amid Iran conflict

20.05.2026 Oil

Kenya fuel protests paralyze transport, leaving thousands stranded nationwide

- Police arrest dozens across the East African nation as demonstrations over soaring fuel prices spread across the country

19.05.2026 Oil

Oil prices rise as Middle East tensions keep supply concerns in focus

- Markets monitor risks around Strait of Hormuz after UAE drone incident

18.05.2026 Oil

UAE minister says decision to leave OPEC and OPEC+ not politically motivated

- UAE Energy Minister Suhail al-Mazrouei said the country’s decision to leave OPEC and OPEC+ was based on national interests

18.05.2026 Oil

US oil rig count up for week ending May 15

- Number of US oil rigs fall by 50 compared to one year ago

16.05.2026 Oil

Oil heads for strong weekly gains as Trump’s Iran remarks fuel supply fears

- Oil prices set for strong weekly gains as concerns over renewed US-Iran tensions supported fears of supply disruptions in Strait of Hormuz

16.05.2026 Oil

UAE’s West-East 1 Pipeline to double export capacity via Fujairah, bypassing Hormuz

- Project expected to become operational in 2027, boosting ADNOC’s export capacity from Gulf of Oman hub outside Strait of Hormuz

17.05.2026 Oil

Norway’s oil exports hit record high in April amid Strait of Hormuz blockade

- Crude oil exports surge 86% year-on-year to record $6.5B, official data shows

17.05.2026 Oil

Brent climbs as markets monitor Hormuz tensions, possible Iran strike risks

- Markets weigh reports of possible US military options against Iran alongside ongoing geopolitical tensions in Gulf region

15.05.2026 Oil

India raises fuel prices for first time in more than 4 years amid Mideast energy shock

- Move comes after Prime Minister Modi urged people to reduce fuel consumption through steps such as working from home

16.05.2026 Oil

India-bound LPG carriers add to rise in Hormuz transits despite restrictions

- 2 vessels cross Strait of Hormuz, bringing number of large oil, fuel, gas ships exiting since Sunday to 9

16.05.2026 Oil

Oil prices edge higher on Middle East supply concerns, falling US inventories

- Traders are monitoring Trump-Xi talks alongside Middle East ceasefire developments

15.05.2026 Oil

US crude oil inventories down 0.9% in week ending May 8

- Daily crude oil production rises to around 13.71 million barrels per day

14.05.2026 Oil

OPEC crude production drops 1.7 million bpd in April

- Saudi Arabia, Kuwait, Iraq and Iran see steepest production declines

14.05.2026 Oil

Oil down on mixed US-Iran signals, ahead of Trump-Xi summit

- US President Trump's remarks that ceasefire with Iran is on 'massive life support' further reduce expectations for near-term easing of regional tensions

14.05.2026 Oil

Oil prices jump over 3% as doubts grow over US-Iran ceasefire

- Renewed concerns over geopolitical tensions in the Middle East supported oil prices amid fears of potential supply disruptions

13.05.2026 Oil

Iran war has cost Americans more than $37.3B in fuel price increases: Study

- Majority of additional costs – $20.41 billion – have been paid for petroleum while diesel accounts for nearly $17 billion, according to Brown University's Iran War Energy Cost Tracker

13.05.2026 Oil

Brent crude up as Trump casts doubt on Iran ceasefire

- Brent rises 1.2% as geopolitical uncertainty outweighs hopes for regional de-escalation

12.05.2026 Oil

Aramco posts 25% rise in Q1 net income amid higher oil prices

- World's biggest crude exporter posts net income of $32.5 billion for January-March period, up from $26 billion in same quarter last year

11.05.2026 Oil

Brent tops $105 as lack of Iran–US agreement keeps supply risks elevated

- Oil prices extend gains amid stalled diplomacy, with traders pricing in prolonged geopolitical tensions and potential disruptions in key Middle East energy routes

12.05.2026 Oil

Massive oil slick spotted near Iran’s Kharg Island: Report

- Satellite images show suspected oil slick spreading near main oil export terminal in Gulf waters, according to Israeli newspaper Yedioth Ahronoth

11.05.2026 Oil

US removes Russian-linked oil tanker from sanctions blacklist

- Vietnam-flagged vessel Astra had been designated under Russia-related executive orders

09.05.2026 Oil

US oil refinery explosion near New Orleans under investigation: Report

- Fire at Chalmette Refinery in southern state of Louisiana caused heavy smoke, shook homes

09.05.2026 Oil

US oil rig count up for week ending May 8

- Number of US oil rigs fall by 57 compared to one year ago

10.05.2026 Oil

Oil prices head for sharp weekly drop as diplomacy outweighs Middle East risks

- Brent and WTI benchmarks fall more than 6% this week as diplomatic optimism outweighed geopolitical tensions in Strait of Hormuz

09.05.2026 Oil

Oil gains as Hormuz incidents revive global supply concerns

- Alleged attacks involving US and Iranian forces near the Strait of Hormuz heightened concerns over potential supply disruptions

09.05.2026 Oil

Shell beats profit forecasts in 1st quarter as Iran war boosts oil prices

- British energy major posts $6.92B in adjusted earnings in Q1, above analyst expectations

09.05.2026 Oil

Oil gains as supply concerns outweigh US-Iran deal optimism

- Falling US oil and gasoline stocks offset optimism surrounding a possible agreement between Washington and Tehran

08.05.2026 Oil

US crude oil inventories down 0.5% in week ending May 1

- Daily crude oil production falls to around 13.57 million barrels per day

09.05.2026 Oil

Oil drops below $100 amid signs of US-Iran diplomatic breakthrough

- Renewed diplomatic signals from Washington and Tehran ease supply concerns, sending Brent below $100

07.05.2026 Oil

Oil slides 7% on US-Iran peace hopes as sides reportedly near draft deal

- Easing geopolitical tensions weaken supply disruption concerns as US and Iran are reportedly nearing framework memo to end war

06.05.2026 Oil

Oil falls on US-Iran deal optimism after Trump announces pause on 'Project Freedom'

- Suspension of 'Project Freedom' eases tensions, while sharp drop in US crude inventories limits price declines

06.05.2026 Oil

Norway offers oil, gas exploration areas closer to coast than 'ever before' amid high energy prices

- Prime Minister announces 70 new blocks for exploration, describing move as part of efforts to further develop country's petroleum sector

05.05.2026 Oil

Oil prices ease after rally, tensions keep market above $100

- Geopolitical tensions continue to underpin prices after US President warned Iran would be 'blown off the face of the Earth' if it targeted American vessels

05.05.2026 Oil

Oil prices up as US escort plan, Iran threats fuel Strait of Hormuz concerns

- US plans to support vessels stranded in Strait of Hormuz under 'Project Freedom' while Iran warns US forces could be targeted

05.05.2026 Oil

Seven OPEC+ nations to increase oil output by 188,000 bpd in June

- Seven country group is scheduled to meet again on June 7

05.05.2026 Oil

Iranian supertanker carrying $220M of oil evades US blockade, says tracker

- TankerTrackers says 'HUGE' vessel, carrying more than 1.9M barrels of crude oil, evades US monitoring, moving through Indonesian waters

04.05.2026 Oil , Energy Diplomacy

US oil rig count increase for week ending May 1

- Number of US oil rigs down by 64 compared to one year ago

02.05.2026 Oil

Oil heading for over 10% weekly gain on Hormuz disruption

- Prices set for double-digit weekly gains as prolonged disruption in Hormuz, sustained US pressure on Iran, stalled ceasefire efforts reinforced expectations of tighter supply

03.05.2026 Oil

Australia secures new shipments of jet fuel, diesel supplies amid Middle East tensions

- Canberra secures 100 million liters of jet fuel, 50 million liters of diesel, according to official statement

03.05.2026 Oil

Oil up on Middle East supply fears as US/Israel-Iran tensions persist

- US media reports of potential new US military strike options against Iran and renewed escalation risks in region intensified concerns over Strait of Hormuz amid fragile ceasefire efforts

01.05.2026 Oil

Oil prices rise on US-Iran tensions, supply concerns

- US President Donald Trump is set to receive briefing on new plans for potential military action in Iran from CENTCOM Commander Adm. Brad Cooper

01.05.2026 Oil

US crude oil inventories down 1.3% in week ending April 24

- Daily crude oil production rises to around 13.58 million barrels per day

01.05.2026 Oil

Oil rises 5% on blockade concerns over Iran

- Crude prices gain 5% on supply fears tied to potential maritime restrictions

30.04.2026 Oil

OPEC's share of global crude output ticks higher in 2025

- Total world crude oil production rises by 2.24 million barrels per day in 2025 to average 74.85 million bpd

29.04.2026 Oil

UAE exit raises concerns over OPEC's market influence and internal balance

- Decision ends 59-year membership, pointing to potential weakening of OPEC's influence in global oil markets

30.04.2026 Oil

Oil rises as Hormuz disruption deepens supply concerns

- Prolonged closure of Strait of Hormuz and uncertainty over US-Iran talks continue to fuel supply concerns in global oil markets

29.04.2026 Oil

UAE to withdraw from OPEC, OPEC+

- Withdrawn decision in line with UAE's long-term strategic, economic vision and development of its energy sector

30.04.2026 Oil

Brent tops $105 as Hormuz disruption persists, US-Iran uncertainty lingers

- Prolonged Strait of Hormuz disruption and stalled US-Iran talks tighten supply outlook, supporting crude prices

30.04.2026 Oil

bp profit rises 128.6% in first quarter on higher oil prices

- British energy giant's profit surges to $3.2 billion on oil price rally after Hormuz disruption

28.04.2026 Oil

Oil climbs above $103 as Hormuz tensions offset peace overtures

- Brent and WTI extend gains amid uncertainty over Iran proposal and continued US blockade of key shipping route

28.04.2026 Oil

Oil rises as Hormuz disruption delays recovery, ceasefire outlook remains uncertain

- Prices remain elevated as prolonged supply tightness from Hormuz crisis outweighs hopes that Iran's reopening proposal could ease disruption

28.04.2026 Oil

British Airways warns of higher ticket prices amid fuel crisis

- Closure of Strait of Hormuz drives up oil costs, raising concerns over shortages and flight disruptions

28.04.2026 Oil

US oil rig count falls for week ending April 24

- Number of US oil rigs down by 68 compared to one year ago

27.04.2026 Oil

Japan to release 20 days’ worth of national oil reserves from May 1 amid Mideast energy shock

- Tokyo says it expects to secure more than half of crude supply from routes avoiding Strait of Hormuz by May compared with last year’s levels

27.04.2026 Oil

Oil holds gains amid Hormuz disruption, diplomacy limits rally

- Brent advances as US-Iran tensions sustain supply fears despite ceasefire efforts

27.04.2026 Oil

Brent advances above $106 as Strait of Hormuz tensions intensify

- Oil prices rise as US–Iran tensions and Hormuz disruptions heighten supply concerns

24.04.2026 Oil

Oil rises above $102 on Strait of Hormuz tensions despite ceasefire extension

- Reports that Iran intervened in two foreign vessels over alleged security violations in the Strait of Hormuz pushed prices back toward the $100 level

24.04.2026 Oil , Finance

US crude oil inventories up 0.4% in week ending April 17

- Daily crude oil production remains at around 13.58 million barrels per day

23.04.2026 Oil

Russia to divert supplies from Kazakhstan intended for Druzhba oil pipeline to other routes

- Deputy prime minister says rerouting to begin May 1 due to ‘current technical capabilities’

23.04.2026 Oil

Russia to divert supplies from Kazakhstan intended for Druzhba oil pipeline to other routes

- Deputy prime minister says rerouting starting May 1 due to ‘current technical capabilities’

22.04.2026 Oil

Rising tensions in Strait of Hormuz push oil above $100

- Escalating tensions and uncertainty over ceasefire stability raise concerns over oil supply flows through the Strait of Hormuz

23.04.2026 Oil

China oil imports set to decline in April amid Hormuz disruption

- Crude imports, largely resilient in March despite Hormuz disruptions, are projected to drop sharply in April as Gulf and Russian supplies decline, analysts say

22.04.2026 Oil

Oil slips as US President Trump signals Iran ceasefire extension

- Prices decline after Washington extends Iran ceasefire to allow time for Tehran to prepare 'unified proposal,' after climbing above $101 on Tuesday

22.04.2026 Oil

Loading of dummy fuel complete at Akkuyu's first reactor unit

Iran’s Bushehr nuclear plant reaches 80B kilowatt-hours of electricity generation

Japan begins removing nuclear fuel from Fukushima reactor

IAEA says next generation reactors shaped by 70 years of experience

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

Coal prices surge as Middle East tensions disrupt energy markets

Trump directs Pentagon to purchase coal-fired electricity as he seeks boon for fading industry

Climate change protestors block world’s largest coal export port in Australia

US to invest $625M to expand coal industry

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 Friday, Jun. 12

Spot market natural gas prices for Thursday, Apr. 9

Spot market natural gas prices for Thursday, Feb. 12

Spot market natural gas prices for Saturday, Nov. 29

Türkiye's LPG production up 28% in March

Türkiye, Algeria consider increasing LNG supply volume under new deal

QatarEnergy ships first LNG cargo from Golden Pass Project in Texas

Chevron Australia resumes full LNG production at Wheatstone gas facility

US oil rig count up for week ending Dec. 26

Türkiye to deploy AI in oil and gas exploration

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 oil rig count falls for week ending April 17

Türkiye, Iraq begin talks on new oil transport deal

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 prices seek balance amid supply risks, diplomacy outlook

Strait of Hormuz instability threatens critical raw materials supply

Iranian crude reaches India under sanctions waiver since March 20: TankerTrackers data

Brent down to $107.68 after volatile week driven by Middle East tensions

Onshore wind turbines to drive most of Europe's capacity growth by 2030

Floating offshore wind sees first pause in new installations in decade: GWEC

Global offshore wind capacity rises 16% in 2025, led by China

Türkiye emerges as potential green energy corridor between Europe, Asia

Renewable energy growth supports Türkiye’s climate, energy targets

Solar power plant in Spain offers safe haven for bees

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

Solar, wind and storage now deliver cheaper electricity than fossil fuels, says IRENA

Spot market electricity prices for Saturday, Apr. 25

Syrian army moves towards Tishrin Dam southeast of Manbij

Hydropower gains new momentum as pumped storage accelerates globally

India launches $77 billion hydropower plan in Brahmaputra river

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

US oil rig count up for week ending June 12

Floating offshore wind sees first pause in new installations in decade: GWEC

H2DO and partners begin feasibility studies for offshore green hydrogen production in North Sea

Spot market electricity prices for Sunday, Jun. 7

Geopolitical crises highlight importance of domestic energy resources for energy security

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

Geopolitical crises highlight importance of domestic energy resources for energy security

Türkiye emerges as potential green energy corridor between Europe, Asia

Renewable energy growth supports Türkiye’s climate, energy targets

Experts say waste, water crises require concrete action at COP31 in Türkiye

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

Strait of Hormuz blockade brings energy crisis to Europe

USS Nimitz service extended amid Strait of Hormuz tensions: Report

Energy infrastructure in Ukraine hit by 1,225 attacks in 2025 as damage surpasses $20B