Israel's attack on Iran triggers jump in oil prices
Oil prices have increased amid Israel's attack on Iran, with Brent crude surging by 11.6% to $78.5 per barrel and WTI crude rising to $71.60.
Oil and Gas
Saudi Arabia's large-scale plans revealed in U.S.
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research Francisco Blanch said.
Merz: Nord Stream 2 was a mistake
The construction of the Nord Stream 2 gas pipeline, through which Russian gas was supposed to flow to Germany, was a mistake, the German Chancellor said during a meeting with Donald Trump.
Azerbaijan to energize Lachin's Gorchu and Goshasu with upcoming gas supply
Gas supply to Azerbaijan's Gorchu and Goshasu villages will be provided until the end of 2026, First Deputy Head of the Gas Export Department Sarkhan Babashov said at a meeting of the Working Group on Energy Supply Issues in Khankendi.
EU considers tightening price cap for Russian oil
Another initiative from Brussels is to disconnect over two dozen banks from SWIFT
Oil market braces for prolonged downturn
The global oil market is poised to enter a prolonged downturn in crude prices, potentially lasting several years. The world's largest oil companies, including BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are taking …
U.S. knows who blew up Nord Stream - Trump
U.S. President Donald Trump said Washington is aware who is responsible for blowing up the Nord Stream pipelines under the Baltic Sea, so it does not …
Gazprom is ready to consider possibility of deliveries to EU, Kremlin says
According to Dmitry Peskov, this issue should not be politicized
Oil price heading towards $60 per barrel
Oil prices extended losses on Monday, falling more than 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase. The price …
Falling prices forced OPEC+ to reconsider production quotas
It was decided not to change plans for a gradual increase in production by 150,000 bpd per month
Oil prices fall below $69 per barrel
Brent crude oil fell below $69 for the first time since early March. The price decline continues for the second day amid Trump and OPEC+ decisions.
U.S. State Department's Bureau of Energy Resources official visits Baku
Senior Advisor of the U.S. Department of State's Bureau of Energy Resources (ENR) Erik Jacobs is on a visit to Baku, the U.S. Embassy reported. During the visit, Jacobs will meet with government officials, energy sector leaders, and …
Türkiye sets record for LNG imports
Türkiye has been importing at least 2 million tons of LNG for the third month in a row. Deliveries in February reached a record high.
Over 4,000 Tbilisi residents left without gas
The cause of the accident is damage to the gas pipeline
Oil price slips to $70
Oil prices fell on Wednesday after Russian President Vladimir Putin and U.S. President Donald Trump held talks. Brent crude futures fell 23 cents, or 0.3%, to $70.33 a barrel by 0730 GMT. U.S. West Texas Intermediate crude …
Azerbaijan, Türkiye presidents inaugurate Igdir-Nakhchivan gas pipeline
Ilham Aliyev called today an important day in the history of Turkish-Azerbaijani relations
Date for Igdir-Nakhchivan gas pipeline commissioning announced
Türkiye is set to start exports of natural gas to Azerbaijan's Nakhchivan this week, Turkish Energy and Natural Resources Minister Alparslan Bayraktar …
Kazakhstan requests from Russia 10 bln cubic meters of gas per year
Kazakh power engineers have reported on the first stage of negotiations with Russia on providing gas to the north and east of Kazakhstan
Lavrov, Fidan discuss attack on TurkStream
Lavrov asked Fidan to put pressure on Kyiv
Oil prices drop as U.S.-China trade war intensifies
Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil …
