Oil and energy
Situation around the Strait of Hormuz, attacks on oil infrastructure, US-Iran negotiations, oil prices, transportation via BTC and SCP pipelines, oil exports from Kazakhstan, and energy security and sanctions issues.
Houthis Claim Responsibility for Strike on Saudi Aramco Refinery in Jizan
Yemen's Ansar Allah movement said it successfully attacked Saudi Aramco's oil refinery in Jizan with a drone.
Economy · August 8, 2026Vance: US in Talks with Iran to Maximize Oil Flows Through Strait of Hormuz
US Vice President JD Vance said Washington continues negotiations with Tehran to maximize the volume of oil and gas transported through the Strait of Hormuz.
Transport · August 9, 2026Iranian Committee Approves Bill on Management of Strait of Hormuz
The National Security and Foreign Policy Committee of Iran's Majlis has approved a bill concerning the management of the Strait of Hormuz.
Economy · August 5, 2026Trump Threatens Iran with Strike if Strait of Hormuz Not Opened
US President Donald Trump said the Strait of Hormuz will be opened, otherwise Iran will receive a 'very strong blow'.
Economy · August 4, 2026Trump: US Will Not Allow Tolls on Ships in Strait of Hormuz
US President Donald Trump said Washington will not allow Tehran to impose tolls on ships in the Strait of Hormuz.
Economy · August 4, 2026Saudi Aramco Ready to Quickly Restore Production After Hormuz Strait Normalization
Saudi Aramco's CEO said the company could return to pre-conflict production levels within days and reach maximum capacity within three weeks.
Economy · August 4, 2026Saudi Aramco: Restoring Oil Reserves Will Boost Demand by 2 Million bpd
Saudi Aramco CEO Amin Nasser said that replenishing strategic oil reserves over 18 months will increase demand by 2 million barrels per day.
Economy · August 4, 2026Global LNG imports fell 2.9% in June
In June 2026, global LNG imports fell 2.9% year-on-year due to lower deliveries to Europe and restrictions in the Strait of Hormuz.
Economy · August 5, 2026Azeri Light Oil Price Drops
The price of Azerbaijan's Azeri Light crude fell by 5.22% to $91.68 per barrel, while Brent declined to $85.96.
Economy · August 6, 2026Azeri Light oil price drops to $91.04 per barrel
The price of Azerbaijan's Azeri Light crude fell by 0.7% to $91.04 per barrel, while in Turkey's Ceyhan it dropped to $87.89.
Economy · August 7, 2026Azeri Light crude rises to $93.37 per barrel
The price of Azerbaijan's Azeri Light crude increased by 2.5% to $93.37 per barrel.
Economy · August 4, 2026Azeri Light oil price drops 5% to $96.73 per barrel
The price of Azerbaijani Azeri Light crude fell by 5.04% to $96.73 per barrel, while Brent dropped to $91.43.
Economy · August 6, 2026Gas Transportation via SCP Up 2.1% in H1 2026
Average daily gas transportation via the South Caucasus Pipeline in January–June 2026 reached 63.7 million cubic meters, up 2.1% year-on-year.
Economy · August 6, 2026Oil Transportation via BTC Pipeline Down 8.5% in H1 2026
Oil and condensate transportation via the Baku–Tbilisi–Ceyhan pipeline in January–June 2026 totaled about 97 million barrels, down 8.5% year-on-year.
Economy · August 7, 2026KazMunayGas to Increase Oil Exports via BTC by 31% in 2026
Kazakhstan's KazMunayGas plans to boost oil exports via the Baku-Tbilisi-Ceyhan pipeline to 1.7 million tons in 2026.
Economy · August 8, 2026Europe Faces Diesel Shortage and Price Surge in Winter
Bloomberg warns of a possible diesel shortage in Europe this winter, leading to higher prices and inflationary pressure.