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Oil rises as Middle East tensions fuel supply concerns

- Concerns over possible disruptions in the Strait of Hormuz outweigh worries about weaker global growth and oil demand

10:06 Oil

US crude oil inventories down 0.4% in week ending July 10

- ⁠Daily crude oil production increases to around 13.86 million barrels per day

16.07.2026 Oil

Brent gains as renewed US-Iran tensions lift geopolical risk premium

- Markets price in higher geopolitical risk after Trump warns energy facilities could become US targets

15.07.2026 Oil

Russia claims Ukrainian drone debris injures 1, sparks fire at oil refinery

- Overnight strike damages residential buildings, says local Russian authority

14.07.2026 Oil

Oil jumps nearly 5% as Russia sanction prospects deepen supply concerns

- Prospect of thighter sanction on Russian crude and escalating Gulf tensions fuel strongest of rally in weeks

14.07.2026 Oil

Minister Bayraktar: Iraq-Türkiye pipeline arbitration still ongoing as new deal under negotiation

- Türkiye aims to prevent supply disruptions while negotiating new long-term pipeline agreement with Iraq

14.07.2026 Oil Energy Diplomacy

Oil rises as US-Iran tensions intensify around Strait of Hormuz

- Brent briefly climbs above $85 per barrel as investors assess impact of escalating Gulf tensions on global oil supplies

14.07.2026 Oil

OPEC crude production jumps 3.05M bpd in June

- UAE, Kuwait and Iraq lead output gains

13.07.2026 Oil

US company sees Türkiye's Diyarbakir Basin producing up to 250,000 bpd of oil

- Last year, Texas-based oil and gas company entered into joint venture with TPAO and Oklahoma-based Continental Resources to pursue unconventional opportunities in Diyarbakir basin

13.07.2026 Natural Gas Oil

Higher oil prices fuel profits for producers, political pressure for White House

- Elevated gasoline prices could become a key election issue despite strong financial performance across the US energy sector

11.07.2026 Oil

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US oil rig count unchanged for week ending July 10

- Number of US oil rigs rise by 21 compared to one year ago

11.07.2026 Oil

Middle East tensions drive weekly oil rally despite OPEC+ output increase

- Investors continue to monitor Middle East developments as concerns over crude shipments through the Strait of Hormuz persist

10.07.2026 Oil

Global oil production recovers as Hormuz shipments resume, IEA says

- Partial restoration of Hormuz oil flows boosts June output, but regional production remains well below levels seen before the conflict

10.07.2026 Oil

Oil prices hold firm on geopolitical risks despite inflation worries

- Investors balance geopolitical risks against expectations that higher energy prices could keep interest rates elevated

10.07.2026 Oil

Türkiye nears 12-month deal to keep Iraq-Türkiye crude oil pipeline flowing uninterrupted: Energy minister

- Oil flow through Iraq-Türkiye Crude Oil Pipeline to Mediterranean port of Ceyhan to continue uninterrupted, says Alparslan Bayraktar who is in Iraqi capital in Baghdad

09.07.2026 Oil