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US shift in Iran strategy push Brent crude below $85

- Oil prices extend losses as expectations of fewer US strikes on Iran and improved shipping prospects through Hormuz ease market concerns

13:52 Oil

Brent slips 2% as Hormuz supply fears ease, Fed hike bets persist

- Oil supply fears ease as US signals no new Iran strikes for time being and Iran-Oman deal paves way for temporary Hormuz transit route

10:16 Oil

Oil giant Russia turns to fuel imports as refinery crunch deepens

- Moscow imports over 1 million barrels of gasoline by sea since late July to ease domestic supply shortages

25.08.2026 Oil

Oil falls as US-Iran, US-Canada economic tensions fuel demand concerns

- Renewed trade concerns raise uncertainty over global oil demand

25.08.2026 Oil

Oil prices open week lower on US sanctions, Fed rate hike expectations

- US sanctions on Iran, renewed US-Canada trade tensions and prospect of another Fed rate hike by year-end put downward pressure on prices

24.08.2026 Oil

US oil rig count down for week ending Aug. 21

- Number of US oil rigs up by 41 compared to one year ago

22.08.2026 Oil

Oil set for more than 6% weekly gain as Hormuz risks persist

- Brent crude up 6.4% this week as tensions between Washington and Tehran raise concerns over oil shipments through Strait of Hormuz

21.08.2026 Oil

Oil edges lower as markets assess Hormuz flows, US economic pressure on Iran

- Markets continue to assess reports of increased Hormuz traffic and how Washington's economic campaign against Iran could affect oil flows

21.08.2026 Oil

Türkiye, Iraq deepen energy ties as Ceyhan gains strategic importance

- Türkiye and Iraq expand energy cooperation as disruptions in Strait of Hormuz increase importance of alternative oil routes

20.08.2026 Oil

Iranian Central Bank says oil exports have fallen to zero amid war, sanctions

- Funds due to be released to Iran under framework deal with US have not yet been freed, says Central Bank governor

20.08.2026 Oil

home > related news

Oil climbs on Hormuz supply risks, record-low US strategic reserves

- US strategic oil reserves fall to their lowest level since 1982 as uncertainty over Strait of Hormuz keeps supply concerns elevated

20.08.2026 Oil

US crude oil inventories up 1% in week ending Aug. 14

- Daily crude oil production rises to around 13.83 million barrels per day

20.08.2026 Oil

Oil extends gains as Iran keeps Hormuz closed, US stocks fall

- Brent rises above $91 as Iran maintains its stance on Hormuz and US inventories decline

19.08.2026 Oil

Eni, Algeria's SONATRACH expand cooperation on decarbonization, emissions reduction

- Companies to broaden cooperation on methane reduction, emissions monitoring and natural carbon removal initiatives in Algeria

18.08.2026 Natural Gas Oil

Chevron makes oil, gas condensate discovery offshore Angola

- Discovery adds to Chevron's exploration portfolio in Sub-Saharan Africa, where it produces around 300,000 barrels of oil equivalent per day

18.08.2026 Oil

Oil gains as Trump rejects Iran deal extension and tensions mount in Hormuz

- Brent crude tops $91 per barrel as Trump's comments on Iran and the Strait of Hormuz fuel fresh concerns over global oil supplies

18.08.2026 Oil

US oil rig count up for week ending Aug. 14

- Number of US oil rigs up by 43 compared to one year ago

15.08.2026 Oil

Türkiye's Ceyhan could become alternative oil trade route amid Hormuz disruptions

- Türkiye's Mediterranean port has infrastructure and capacity to handle increased oil flows as Hormuz supply and shipping risks boost demand for alternative routes

15.08.2026 Oil

Brent, WTI gain more than 4% as Middle East tensions fuel supply fears

- Conflicting signals over Strait of Hormuz keep geopolitical risk premium oil prices

14.08.2026 Oil

Türkiye's oil imports fall 12.9% in June

- Oil imports decline while domestic petroleum product sales rise 9.1%

14.08.2026 Oil

Hungary's Paks Nuclear Power Plant to shut down for first time in 44 years as Danube water levels plunge

India targets 100 GW nuclear power capacity by 2047

Türkiye, Canada join forces to build next-generation Turkish nuclear ecosystem

Loading of dummy fuel complete at Akkuyu's first reactor unit

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

US extends Michigan coal plant operation amid grid reliability concerns

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

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 Saturday, Jul. 4

Spot market natural gas prices for Friday, Jun. 12

Spot market natural gas prices for Thursday, Apr. 9

Spot market natural gas prices for Thursday, Feb. 12

ExxonMobil awards $1.1B in contracts for Mozambique LNG project

Türkiye's LPG imports fall 8.4% year-on-year in June

Hormuz disruption pushes LNG shipping costs to highest levels since 2022: Report

Algerian LNG vessel to arrive in Türkiye on July 13

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

Hormuz shipping risks highlight strategic value of oil storage outside chokepoint

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

Saudi Aramco and Maaden inks deal for mining in Saudi Arabia

Oil majors reap $152.8B in first-half profits as higher prices pressure Trump

US crude oil inventories down 1.5% in week ending June 19

Oil prices seek balance amid supply risks, diplomacy outlook

ScottishPower, Masdar complete foundation installation at 1.4GW UK offshore wind project

Türkiye's turns to offshore wind to expand renewable energy ambitions

Europe transforms aging wind farms through "repowering" investments

Vestas secures 43-megawatt turbine agreement in Germany

Türkiye's installed electricity capacity surpasses 126 GW

Türkiye's solar power generation hits all-time high in June

Türkiye's solar generation hits fresh peak as summer demand grows

Türkiye's solar generation hits fresh peak as summer demand grows

Türkiye has 13 GW of investment-ready pumped-storage hydropower potential

Hydropower generation strengthens Türkiye's energy security, cuts import bill by $5B

Global hydropower capacity rises to 1,469 GW as pumped storage hits record level

Spot market electricity prices for Saturday, Apr. 25

US tech companies turn to geothermal energy to power data centers

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

European electrolyzer plants face underutilization as hydrogen demand stalls

Nvidia to invest $1.5B, provide up to $105B guarantee for OpenAI data center

Canada announces $50.5B clean energy investment, said to be largest in North American history

Türkiye plans to double Black Sea gas production by year-end

Vestas raises yearly profit outlook as second-quarter revenue and orders surge

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

China targets 50% of electricity generation from non-fossil sources by 2030

Renewables emerge as buffer against fossil fuel price shocks, saving $480B

Türkiye's installed power capacity reaches 125,598 MW as renewables drive growth

Global renewable energy capacity nears halfway to 2030 target as solar drives growth

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