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Brent crude falls below $80 on optimism over initial US-Iran deal

- Both oil benchmarks see their lowest levels since early March

17:02 Oil

Oil stays on downward path as markets await details of US-Iran deal

- Concerns grow that Strait of Hormuz flows may take longer than expected to resume

10:57 Oil

Oil slides 5% on initial US-Iran deal, easing Strait of Hormuz fears

- Brent falls 4.9% to low of $83.05 per barrel on June 15, while WTI drops 5.7% to $80.01, marking their weakest level since early March

15.06.2026 Oil

US claims 125 million barrels of oil escorted through Strait of Hormuz

- Pentagon chief Hegseth says US military posture to remain active to ensure Tehran complies with memorandum of understanding

14.06.2026 Oil

US oil rig count up for week ending June 12

- Number of US oil rigs fall by 6 compared to one year ago

13.06.2026 Oil Finance

Oil heads for steep weekly losses as Middle East tensions cool

- Markets retreat after Trump signals progress toward deal to end conflict involving Iran, Israel and US

12.06.2026 Oil

Oil extends losses as Trump says Iran deal could be signed within days

- Brent falls below $89 a barrel, OPEC sees demand growth slowing in 2026 before rebounding in 2027

12.06.2026 Oil

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

11.06.2026 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

11.06.2026 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

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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

10.06.2026 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

09.06.2026 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

09.06.2026 Oil

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

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

09.06.2026 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

08.06.2026 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

08.06.2026 Oil

US oil rig count up for week ending June 5

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

06.06.2026 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

05.06.2026 Oil Finance

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

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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

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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

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

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

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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

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

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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

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

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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

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