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OPEC holds 2026 oil demand forecast amid Iran war-driven output slump Image

OPEC holds 2026 oil demand forecast amid Iran war-driven output slump

OPEC

2 min read

Oil cartel’s crude output falls by 1.7M bpd in April as the Iran war continues to weigh on production across region

Record oil stock drawdowns may trigger new price spikes, IEA warns

Oil

2 min read

Global reserves fall at record pace as Hormuz disruption deepens supply concerns and raises fears of continued energy price spikes worldwide

Record oil stock drawdowns may trigger new price spikes, IEA warns Image

Gulf energy crisis pushes Türkiye's external deficit to $39.7B in March

current deficit

2 min read

Rising energy costs tied to Iran war trigger massive capital outflows from Türkiye, pushing current account gap beyond official forecasts

Gulf energy crisis pushes Türkiye's external deficit to $39.7B in March Image

Oil prices stay above $100 as US-Iran talks remain at standstill

Global Markets

2 min read

Crude prices remain elevated as Washington and Tehran exchange fresh threats over stalled negotiations

Oil prices stay above $100 as US-Iran talks remain at standstill Image

Germany's Enercon moves rotor blade production to Türkiye with €50M plant Image

Business

Germany's Enercon moves rotor blade production to Türkiye with €50M plant

2 min read

EU buys more Russian LNG after Iran war as US set to lead supply: Report Image

Business

EU buys more Russian LNG after Iran war as US set to lead supply: Report

2 min read

Trump pushes Xi to ‘open up’ China as Seoul trade talks begin Image

Business

Trump pushes Xi to ‘open up’ China as Seoul trade talks begin

2 min read

Financial hardship forcing many retirees back into work: Report Image

Business

Financial hardship forcing many retirees back into work: Report

2 min read

UAE’s Habshan gas complex to remain below full capacity until 2027 Image

Business

UAE’s Habshan gas complex to remain below full capacity until 2027

2 min read

US inflation jumps to 3.8% in April, dims hopes for Fed rate cuts Image

Business

US inflation jumps to 3.8% in April, dims hopes for Fed rate cuts

2 min read

US-based TPI Composites’ Turkish unit declared bankrupt after year of turmoil Image

Business

US-based TPI Composites’ Turkish unit declared bankrupt after year of turmoil

2 min read

Two cargoes carrying 1.8M barrels of US oil head to Türkiye: Report Image

Business

Two cargoes carrying 1.8M barrels of US oil head to Türkiye: Report

2 min read

Greek Islands, Mediterranean cruises see surge ahead of Türkiye’s Eid holiday Image

Business

Greek Islands, Mediterranean cruises see surge ahead of Türkiye’s Eid holiday

2 min read

Crude extends gains as US-Iran talks remain deadlocked Image

Business

Crude extends gains as US-Iran talks remain deadlocked

2 min read

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