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OPEC urges caution amid Mideast tensions

- Group affirms there are currently no developments in supply or market dynamics that warrant unnecessary measures

13.06.2025 Oil

US energy agency slightly revises up Brent price forecast for 2025

- International benchmark Brent crude estimated to average $65.97 per barrel

11.06.2025 Oil Energy Projects

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

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

30.05.2025 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

30.05.2025 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

27.05.2025 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

22.05.2025 Oil

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

21.05.2025 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

15.05.2025 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

15.05.2025 Oil

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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

14.05.2025 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

09.05.2025 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

08.05.2025 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

05.05.2025 Oil