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Int. Energy Agency revises down oil demand growth forecast for 2025

- US and China account for roughly half of downgrade, with trade-oriented Asian economies making up majority of rest, says IEA

13:43 Oil

Oil prices up amid US tariff exemptions, output cuts and Washington-Tehran talks

- Decline in OPEC's crude oil production fuels supply concern among market participants, pushing prices higher

11:11 Oil

OPEC daily crude output down 0.29% in March

- Global oil demand growth forecast for 2025 revised down at 1.3 million barrels per day

14.04.2025 Oil

Oil prices down amid mixed signals on US trade policy

- Weak dollar exerts upward pressure on prices, making dollar-indexed crude oil cheaper for buyers

14.04.2025 Oil

Banias oil refinery resumes operations in Syria’s Tartus province

- Estimated production capacity around 95,000 barrels per day at refinery

13.04.2025 Oil

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

- Number of US oil rigs fall by 26 compared to one year ago

12.04.2025 Refining/Petro Chemistry

Oil prices up amid Trump’s decision to suspend tariffs

- Ongoing US-China trade dispute, alongside rising US oil inventories continue to raise concerns about global oil demand

11.04.2025 Oil

US energy agency revises down Brent price forecast for 2025

- International benchmark Brent crude estimated to average $67.87 per barrel

11.04.2025 Oil

Mining to be next phase in Türkiye-Somalia energy relations, says Somalian minister

- Once legal procedures are complete, Turkish mining companies are welcome to explore deals in Somalia, says Somalia's petroleum and mineral resources minister

10.04.2025 Energy Diplomacy

Oil prices slide despite brief rebound

- Brent crude dips on US-China tariff tensions and rising US stockpiles

10.04.2025 Oil

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US crude oil inventories up by 0.6% for week ending April 4

- Daily crude oil production falls to around 13.46 million barrels per day

10.04.2025 Oil

Oil prices fall amid trade fears, supply surplus expectations

- Prices decline as US President Donald Trump's sweeping global tariffs take effect, including a staggering 104% tariff on Chinese imports

09.04.2025 Oil

Pakistan, Türkiye sign pact on joint bidding for offshore oil and gas exploration

- Turkish energy and natural resources minister and Pakistan’s petroleum minister witness signing ceremony

09.04.2025 Energy Diplomacy Energy Projects

Oil prices rebound with profit-taking

- Prices partially recover as investors look to take advantage of previous session's low pricing

08.04.2025 Oil

Oil prices fall amid global trade fears, OPEC+ production

- Brent crude plummets 3.87% to $63.20 per barrel, hitting a four-year low

07.04.2025 Oil

Syrian government plans to take control of oil fields east of Euphrates

- Ghassan Ahmed, Governor of Syria's Deir ez-Zor province, stated that oil fields will be fully transferred to control of Ministry of Oil, marking a significant boost to the country's economy

05.04.2025 Oil Energy Diplomacy