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Oil rises as Ukraine strikes Russian bases ahead of Istanbul peace talks

Oil rises as Ukraine strikes Russian bases ahead of Istanbul peace talks

- Prospect of new US sanctions against Russia is deepening supply concerns and pushing oil prices higher

11:24 Oil

OPEC+ members agree to 411,000 output rise in July

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

US oil rig count down by 4 for week ending May 30

US oil rig count down by 4 for week ending May 30

- Number of US oil rigs fall by 35 compared to one year ago

31.05.2025 Oil

Türkiye's oil imports down 7.8% in March

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 rise on higher US demand, OPEC+ and tariff risks weigh on outlook

Oil prices rise on higher US demand, OPEC+ and tariff risks weigh on outlook

- US commercial crude oil inventories fall by about 2.8 million barrels to 440.4 million barrels, against market expectation of a 1 million barrel increase

30.05.2025 Oil

US crude oil inventories down by 0.6% for week ending May 23

US crude oil inventories down by 0.6% for week ending May 23

- Daily crude oil production increased to around 13.4 million barrels per day

30.05.2025 Oil

TotalEnergies sells $510 million stake in Nigeria's Bonga oil field to Shell

TotalEnergies sells $510 million stake in Nigeria's Bonga oil field to Shell

- Company sells Bonga field stake as it shifts focus to gas and operated projects in Nigeria

29.05.2025 Oil

Oil prices up as US court blocks Trump tariffs

Oil prices up as US court blocks Trump tariffs

- Markets remain focused on possibility of new sanctions against Russian oil, and upcoming OPEC+ output decision

29.05.2025 Oil

Oil prices fall as market awaits OPEC+ meeting

Oil prices fall as market awaits OPEC+ meeting

- OPEC+ members are expected to discuss possible production hike for July

28.05.2025 Oil

3 dead in Angola oil platform fire

3 dead in Angola oil platform fire

- Two workers had been receiving medical treatment in South Africa, says Angola's Ministry of Mineral Resources, Petroleum and Gas

28.05.2025 Oil

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Oil prices slip ahead of OPEC+ meeting amid oversupply concerns

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

Indian authorities brace for possible oil spill after ship sinks off southern Kerala state

Indian authorities brace for possible oil spill after ship sinks off southern Kerala state

- Liberian-flagged vessel, carrying 'hazardous' cargo sank off Kochi coast early Sunday, with all crew rescued

27.05.2025 Oil

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

- Wara reservoir in North Wafra (Wara-Burgan-1) well shows production rate exceeding 500 barrels per day

26.05.2025 Oil

Erbil-Baghdad breakthrough could revive Iraq-Türkiye Oil Pipeline, experts say

Erbil-Baghdad breakthrough could revive Iraq-Türkiye Oil Pipeline, experts say

- Following energy agreements between Kurdish Regional Government (KRG) and US firms, attention shifts to tense Erbil-Baghdad relationship

26.05.2025 Oil Energy Diplomacy

Oil prices rise as Trump delays EU tariff deadline, Russia-Ukraine conflict intensifies

Oil prices rise as Trump delays EU tariff deadline, Russia-Ukraine conflict intensifies

- White House confirms Trump's decision to postpone imposition of 50% tariff on EU imports until July 9

26.05.2025 Oil

Nigerian army shuts down 19 illegal oil refineries in Niger Delta

Nigerian army shuts down 19 illegal oil refineries in Niger Delta

- 589,000 liters of petroleum products seized, 20 suspects detained in anti-smuggling operation

26.05.2025 Oil

Leak halts production at major Libyan oil field

Leak halts production at major Libyan oil field

- National Oil Corporation says environmental response teams deployed as pressure eased from Zawiya line

25.05.2025 Oil

US oil rig count down by 8 for week ending May 23

US oil rig count down by 8 for week ending May 23

- Number of US oil rigs fall by 32 compared to one year ago

24.05.2025 Downstream

Oil prices head for weekly decline amid OPEC+ output speculation, Iran nuclear talks

Oil prices head for weekly decline amid OPEC+ output speculation, Iran nuclear talks

- Fifth round of US-Iran nuclear talks is taking place today in Rome, with Oman acting as mediator

23.05.2025 Oil

Oil prices slip as OPEC+ considers supply boost, US-Iran talks loom

Oil prices slip as OPEC+ considers supply boost, US-Iran talks loom

- OPEC+ group is expected to consider an output hike at its June 1 meeting

23.05.2025 Oil

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Oil prices slip on upcoming US-Iran negotiations, rising US crude stockpiles

Oil prices slip on upcoming US-Iran negotiations, rising US crude stockpiles

- Fifth round of Iran-US talks over Tehran's nuclear program set to take place in Rome on Friday

22.05.2025 Oil

US crude oil inventories up by 0.3% for week ending May 16

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

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 edge lower amid Russia-Ukraine peace talks, demand concerns

Oil prices edge lower amid Russia-Ukraine peace talks, demand concerns

- Markets react cautiously as Trump claims imminent Russia-Ukraine ceasefire following call with Putin

20.05.2025 Oil

Oil prices decline amid rising supply concerns linked to Iran nuke talks

Oil prices decline amid rising supply concerns linked to Iran nuke talks

- New nuclear proposal of US to Iran in the latest round of talks affected oversupply worries in the markets

19.05.2025 Oil

US oil rig count down by 1 for week ending May 16

US oil rig count down by 1 for week ending May 16

- Number of US oil rigs fall by 24 compared to one year ago

17.05.2025 Oil

Oil heading for 2nd consecutive weekly gain with US-China trade truce

Oil heading for 2nd consecutive weekly gain with US-China trade truce

- Expectations of increased Iranian supply cap weekly gains with renewed prospects for nuclear deal

16.05.2025 Oil

Oil prices edge lower as oversupply fears mount amid nuclear deal talks

Oil prices edge lower as oversupply fears mount amid nuclear deal talks

- Despite recent decline, prices remain on track for second consecutive weekly gain, supported by easing trade tensions between US and China

16.05.2025 Oil

Oil prices fall amid surprise rise in US crude stocks, US-Iran nuclear talks

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

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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