Oil Prices Rise Due to Supply Risks from Iran and Changes in Venezuela
On Monday, oil prices showed a slight increase amid escalating protests in Iran, raising concerns about the stability of supplies…
crude oil
Oil Production in Russia Sharply Decreased in December 2025 Due to Attacks and Sanctions
In December 2025, the Russian Federation experienced the most significant reduction in crude oil production in the past year and…
Chinese Refineries Turn to Iranian Oil Due to Halt in Supplies from Venezuela
Chinese independent oil refineries will begin actively seeking alternative sources of raw materials in the coming months, with Iranian oil…
Global Oil Prices Fall After Trump’s Statements on Venezuelan Supply
Global oil prices continued to decline on Wednesday, January 7, following U.S. President Donald Trump's announcement of potential significant shipments…
Price of Russian Urals Oil Plummets Due to US Sanctions
The price of Russian Urals oil has significantly decreased and is currently trading at around $34 per barrel. This is…
Oil Prices Rise Due to Threat of New US Sanctions Against Russia
Global oil prices are rising following reports of the potential imposition of new US sanctions against Russia if the Kremlin…
Russia Increases Marine Oil Exports Despite Ukraine’s Strikes on Energy Infrastructure
After the initial impact of the sanctions imposed by U.S. President Trump against Russian oil, the effect of the restrictions…
China Reduces Imports of Russian Oil Due to Sanctions and Expands Supplies from Other Countries
In November 2025, China significantly changed its crude oil import structure, greatly increasing purchases from alternative sources while reducing supplies…
Turkey and India Reduce Imports of Russian Oil, Choosing Alternative Sources
Turkey has significantly limited its purchases of Russian Urals oil in November amid tightening Western sanctions on energy resources from…
US Sanctions Force Tankers Carrying Russian Oil to Seek New Ports
The sanctions imposed by the United States, which came into effect on Friday, could result in nearly 48 million barrels…