Türkiye has halved its imports of Russian oil due to repairs at the STAR refinery near Izmir, with the figure falling to 200,000 barrels per day in August, News.Az reports citing RBC .

On September 18, 2024, the price of Brent crude oil futures for November on the London ICE Futures exchange fell by 0.07%, to $73.65 per barrel. WTI crude oil futures for November on the electronic trading of the New York Mercantile Exchange (NYMEX) fell by 0.11%, to $69.88 per barrel, News.Az reports.

Gas transit through the Ukrainian gas transportation system (GTS) continues only through the Sudzha gas metering station (GMS), the Nord Stream-1 main gas pipeline (MGP) will not operate in the foreseeable future, and the Polish section of the Yamal-Europe MGP is inaccessible to Gazprom, News.Az reports.

Crude oil markets are under increasing downward pressure, with a breakdown in prices pointing to further weakness ahead, News.Az reports.

Great Britain has expanded sanctions against Russia, adding another 10 Russian oil tankers to the blacklist, says British Ministry of Finance, News.Az reports citing Neftegaz.RU News Agency .

The international banking and financial services corporation of the Netherlands, ING ( Internationale Nederlanden Groep ), has updated its forecast on the average price of Brent standard oil, News.Az reports.

Since August 27, Iraq has reduced oil exports to 3.3 million barrels per day in accordance with the decisions of the OPEC + alliance. An additional reduction in oil production by 2.2 million barrels per day will last until the end of November, says Iraqi Oil Ministry, News.Az reports