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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

15:07 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

10:21 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

07.05.2026 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

07.05.2026 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

07.05.2026 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

06.05.2026 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

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

Japan to purchase Russian crude oil amid global energy crisis

- Russian crude to not be subjected to US, European sanctions imposed after beginning of Russia-Ukraine war in 2022

04.05.2026 General

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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

04.05.2026 Oil

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

01.05.2026 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

30.04.2026 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

30.04.2026 Oil

Oil rises 5% on blockade concerns over Iran

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

29.04.2026 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

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

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

28.04.2026 Oil

IAEA says next generation reactors shaped by 70 years of experience

Belgium moves to take over French company Engie's 7 nuclear reactors amid energy concerns

Rosatom chief says 128 Russian personnel remain at Iran’s Bushehr Nuclear Power Plant

Bushehr nuclear plant in Iran hit in 3rd attack, no damage reported

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 Thursday, Apr. 9

Spot market natural gas prices for Thursday, Feb. 12

Spot market natural gas prices for Saturday, Nov. 29

Spot market natural gas prices for Thursday, April 17

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

Türkiye's BOTAS launches tender for two LNG carriers

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

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

Global wind energy installed capacity grows 165GW in 2025

Türkiye's 120 GW solar and wind target aligns with security-driven energy innovation

Türkiye becomes second-largest market in wind energy installations in Europe in 2025

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

Solar meets 75% of global power demand growth in 2025

Türkiye's installed solar power capacity surpasses 25,000 megawatts

Türkiye's 120 GW solar and wind target aligns with security-driven energy innovation

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

Spot market natural gas prices for Sunday, May 3

Spot market electricity prices for Tuesday, May. 5

Asian Development Bank announces $70B plan for energy, digital infrastructure

Shell to buy Canada’s ARC Resources in $16.4B deal to boost oil, gas output

Spot market natural gas prices for Thursday, Apr. 23

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

Türkiye becomes second-largest market in wind energy installations in Europe in 2025

Trump administration to revoke landmark Obama-era climate regulations

Trump administration plans repeal of key climate finding underpinning US emissions rules

Energy transition technologies offer new opportunities for global energy systems, IRENA says

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