- Crude Oil (WTI) 99.00 USD/bbl 2.87%
- Crude Oil (Brent) 109.95 USD/bbl 0.24%
- NYMEX Natural Gas 3.12 USD/MMBtu 0.00%
- OPEC Basket Price 109.93 USD/bbl -1.50%
Russia
Türkiye to Take Russian Diesel Under Trump Deal
Türkiye will receive part of the diesel Russia is supplying to global markets under an agreement with US President Donald Trump, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on October 18, according to Reuters.
China
China’s Solar Panel Exports Fall 6.4% YoY in September
China’s exports of solar cells and panels by weight fell 6.4% year on year (YoY) in September to 1.21 million metric tons (mmt), Reuters reported on October 18, citing customs data.
Türkiye
Türkiye Signals Potential New Oil Discovery at Gabar Field
Türkiye could announce a new oil discovery at its Gabar field in southeastern Türkiye as the country steps up domestic exploration to reduce reliance on imported energy, Energy and Natural Resources Minister Alparslan Bayraktar said on October 17, according to Türkiye Today. Speaking to Anadolu Agency on the sidelines of Russian Energy Week in Moscow, Bayraktar said “Oil and natural gas exploration activities are continuing both offshore and on land. Oil production in Gabar is also an important part of these efforts.”
Asian markets
Iran Exports LPG, Jet Fuel Despite US Naval Blockade
Iran has managed to export liquefied petroleum gas (LPG) and jet fuel since July despite a US naval blockade, maritime intelligence data and sources showed.
Iraq
OPEC Oil Output Rises in September
Oil production by members of the Organization of the Petroleum Exporting Countries (OPEC) increased by 1.78 million barrels per day (bbl/d) month on month to 21.49 million bbl/d in September 2026, driven by increases in Saudi Arabia and Iraq despite export disruptions linked to the US-Israeli war on Iran, a Reuters survey showed.
China
China’s Diesel Exports Hit 3-Year High as Global Supply Tightens
China’s diesel exports surged 262.3% year on year (YoY) to 1.85 million tons in September 2026, reaching their highest level since February 2023, according to Chinese customs data Reuters reported on October 18. China’s total exports of refined petroleum products, including diesel, gasoline, jet fuel, and marine fuel, rose 39.4% YoY and 19% month on month to 7.16 million tons in September. The increase extended the strong growth recorded in August after Beijing eased export restrictions in mid-July.
Rosatom
Rosatom, Teletech to Set Up 500 MWh Energy Storage Assembly in Egypt
Russia’s Rosatom and Egypt’s Telecom and Technology Co. (Teletech) have signed an agreement to establish local battery energy storage system (BESS) assembly facilities in Egypt, with a potential annual production capacity of 500 megawatt-hours (MWh). The agreement, signed during signed during the Egypt Energy 2026 Exhibition and Conference, covers personnel training and the gradual expansion of production capacity, according to a company press release.
imports
Europe's LNG Imports Drop 13% to 21.52 mmt in Q3 2026
Europe's liquefied natural gas (LNG) imports fell 13% year-on-year (YoY) to 21.52 million metric tons (mmt) during the third quarter (Q3) of 2026, down from 24.73 mmt in Q3 2025, according to a report published on October 16 by Attaqa's energy research unit.
