oil

Kazakhstan and Turkey discussed the possibility of increasing oil exports through the Baku-Tbilisi-Ceyhan pipeline.

Oil prices increased following positive trade negotiations news between the U.S. and Japan, but geopolitical factors such as the Ukraine war and sanctions maintain market tension.

Saudi Arabia launches a long-term oil price war aiming to reclaim lost market positions among global producers by shifting focus from prices to production volumes.

Hungary and Serbia are building a new oil pipeline to transport Russian oil, bypassing Ukraine, despite EU sanctions and the ongoing war in Ukraine.

Brent and WTI oil prices rose amid hopes of tariff reductions between the US and China, despite persistent concerns over market oversupply.

An Iranian supertanker, inactive for a long time, has delivered oil to China, bypassing U.S. sanctions and revealing the ongoing activity of a “shadow fleet.”