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Iraq-Türkiye oil pipeline could yield $40B at full capacity, says Turkish energy min.

- 'Türkiye proposes new agreement focused on maximizing capacity, as existing Türkiye-Iraq Crude Oil Pipeline Agreement will expire in 2026,' says Alparslan Bayraktar

16:01 General

Türkiye discovers $4B worth of oil reserves in 2025: Energy minister

- 57 million barrels of oil found in eastern and southern regions, including shale oil and gas in Diyarbakir

13:17 Oil

Oil prices dip amid Trump’s Russia comments, US inventory build

- Caution ahead of US Fed rate decision also weighs on market

10:46 Oil

US onshore crude oil production hits record high: EIA

- Crude oil production from onshore federal lands nearly triple over last decade, data shows

29.07.2025 Oil

Oil prices slip as markets eye Fed decision, weigh US-EU trade deal

- Easing trade tensions offers some relief, but uncertainty over economic fallout from tariffs continues to weigh on investor sentiment

29.07.2025 Oil

Türkiye's oil imports down 10.4% in May

- Crude oil imports fall by 13.2% to 2.48 million tons in May, latest data shows

29.07.2025 Oil

Oil prices rise on US-EU trade deal, Fed rate uncertainty

- US-EU deal could boost economic activity and lift energy demand, adding upward pressure on oil prices, according to analysts

28.07.2025 Oil

US oil rig count down by 7 for week ending July 25

- Number of US oil rigs fall by 67 compared to one year ago

26.07.2025 Oil

Oil eyes weekly drop amid tariffs and sanctions

- Oil slides on fresh Russian sanctions and geopolitical uncertainties, partly offset by optimism over trade deals

25.07.2025 Oil

Oil prices rise on optimism over US trade deals ahead of Aug. 1

- Signs of easing trade tensions between US and key partners lift demand expectations

25.07.2025 Oil

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Oil prices up amid hopes for new trade deals, stronger US demand

- Prices were supported by reports that Washington and Brussels were nearing a trade agreement that would impose reciprocal 15% tariffs on select goods, mirroring recent US-Japan deal

24.07.2025 Oil

US crude oil inventories down by 0.8% for week ending July 18

- Daily crude oil production falls to around 13.27 million barrels per day

24.07.2025 Oil

Türkiye, Iraq begin talks on new oil transport deal

- New deal to cover joint projects in crude oil, natural gas, development of hydrocarbon fields, petrochemical, refinery investments, electricity production and transmission

22.07.2025 Oil Downstream