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Saudi Arabia reports attempted attack on Ras Tanura oil refinery

- Defense Ministry says no damage reported

14:03 General

Hormuz blockade pushes regional gas exporters to seek alternative routes

- Strait closure exposes structural limits of bypass routes, disrupting 20 million barrels per day of oil and 20% of global LNG trade

13:41 General

Russia says ready to boost oil supplies to China, India amid Hormuz tensions

- Moscow ready to expand shipments to major Asian buyers, Deputy Prime Minister Aleksandr Novak says

13:40 General

Iraq cuts crude oil production over closure of Strait of Hormuz

- Reduction in crude oil production will not affect operation of refineries or continued production of petroleum derivatives, says Iraq’s Oil Ministry

12:32 General

Hormuz closure could hit Asia directly, trigger chain reactions in global economy

- Prolonged Hormuz closure risks soaring oil prices and inflation pressures worldwide

11:54 Oil Energy Diplomacy

Oil prices extend gains as Hormuz tensions escalate amid Iran threat

- Crude gains rise after Iran warns it will block transit through Strait of Hormuz, raising global supply concerns as US signals possible naval escorts

10:53 Oil

QatarEnergy suspends chemical production

- Qatari firm stops production of LNG and some downstream products

03.03.2026 General

Oil prices up 6% amid intensified conflicts in Middle East

- Price of Brent oil up 6%, WTI 6.6% on Tuesday

03.03.2026 Oil

Oil and gas prices surge as US-Israeli strikes on Iran

- Brent crude tests $80.80 in early Asian trading, marking highest level in nearly 15 months as prices surge 19.9% to €53.35 per megawatt-hour amid disruptions in Strait of Hormuz, through which about 20% of global LNG trade flows

03.03.2026 General

Oil markets remain on edge as geopolitical risks clash with structural oversupply

- Structural oversupply and China's stockpiles cushion market shocks, though weeks-long closure of Hormuz could push oil to $120

03.03.2026 Oil

home > related news

Oil prices extend gains on Middle East tensions

- Latest gains came after Iran closed Strait of Hormuz to transit and warned that vessels attempting to cross could be attacked

03.03.2026 Oil

Iran’s Revolutionary Guards threaten to ‘burn’ ships in Strait of Hormuz, halt oil exports

- Senior IRGC adviser says ships attempting to cross will be targeted, warns oil pipelines could also be hit

03.03.2026 General

US-Israeli strikes on Iran spark jump in energy prices

- Escalation involving Iran is amplifying supply disruption fears through Strait of Hormuz, sending European gas prices sharply higher and raising expectations that crude prices could climb over $10

02.03.2026 Natural Gas Oil

Oil flows via Strait of Hormuz plunge 86% as over 700 tankers queue

- Only three tankers transited the waterway on March 1, down 86% from the 2026 daily average

02.03.2026 General

Oil prices jump as US-Israel strikes on Iran escalate tensions

- Brent crude surge on US-Israel strikes against Iran, retaliation heightens regional tensions

02.03.2026 Oil

Russia seeks clarification after Belgium captures oil tanker Ethera in North Sea

- Ukrainian authorities applaud seizure of Russian tanker, thank France for assisting Belgium

02.03.2026 General

OPEC+ eight members to raise output by 206,000 bpd in April

- Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman agree to resume oil production increases after first quarter pause

01.03.2026 Oil

4 injured in attack on oil tanker near Oman’s coast

- Omani authorities say all 20 crew members aboard SKYLIGHT tanker evacuated

01.03.2026 Oil

Israel strike risk heightens oil price concerns amid nuclear deadlock

- Growing tensions between Washington and Tehran, coupled with reports of Israeli military action, lift geopolitical risk sentiment across global energy markets

28.02.2026 Oil Energy Diplomacy

US oil rig count down for week ending Dec. 27

- Number of US oil rigs fall by 79 compared to one year ago

28.02.2026 Refining/Petro Chemistry

IAEA confirms damage to buildings at Iran’s Natanz enrichment site

No rise in radiation levels detected in countries bordering Iran: UN nuclear watchdog

Armenia, US sign joint statement on peaceful nuclear cooperation amid landmark visit

Ukraine says nuclear plants cut capacity as Russian strikes hit grid in 8 regions

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

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

Global consortium launches study on carbon capture hubs to support Asia's decarbonization

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, Feb. 12

Spot market natural gas prices for Saturday, Nov. 29

Spot market natural gas prices for Thursday, April 17

Türkiye's natural gas imports up 17.7% in October

European gas prices surge as Qatar halts LNG output, Hormuz risks threaten flows

Venezuela exports 1st LPG shipment as Chrysopigi Lady sets sail for global markets

Türkiye's LPG production down 18.3% in November 2025

Türkiye's LPG production up 2.89% in October

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

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 dives as weak US inflation data dashes hopes for interest rate cuts

US oil rig count down for week ending Dec. 27

US oil rig count up by 2 for week ending Sept. 5

US oil rig count down by 9 for week ending April 11

Oil giants' profits slide 15.1% to $182.1 billion in January-September

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

WindEurope CEO hails Türkiye's record growth in wind power installations

Türkiye ranks second in Europe for new wind power installations in 2025

Marmara Region leads Türkiye in energy-storage wind projects with 11.5 GW

Türkiye, ACWA to sign power purchase and solar investment deals on Friday

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

Türkiye, UAE advance $1B deal for Nigde solar power plant

QatarEnergy, Samsung C&T ink deal to build Dukhan solar power plant

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

Türkiye's Orta Asya Investment Holding's hydropower project in Kyrgyzstan to support regional energy transformation

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

European gas prices surge as Qatar halts LNG output, Hormuz risks threaten flows

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

Schneider Electric posts record 2025 revenue of €40.2B

WindEurope CEO hails Türkiye's record growth in wind power installations

Türkiye ranks second in Europe for new wind power installations in 2025

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

Energy infrastructure in Ukraine hit by 1,225 attacks in 2025 as damage surpasses $20B

EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

Former Lithuanian FM warns Russia's shadow fleet threatens EU security