Glossary Authors

BIST10013.687,86▼ -0.63%Ionic Digital jumps 25% in Nasdaq debut after expanding Celsius bitcoin mining assets into AI infrastructure - The BlockUSD/TRY47.6195▲ 0.20%Aston Martin Records Another Loss as Turnaround StumblesEUR/TRY54.1401▲ 0.30%Gold Wavers as Fed Rate Decision Looms and Mideast Tensions RiseBTC/USD$64,438.19▲ 1.38%Aberdeen Records £3 Billion Outflows Amid Record Retail InflowsGOLD6.160,06▲ 0.15%AI Sell-Off Sparks Hedge Fund Collateral CallsBRENT$87.45▲ 4.00%AI isn’t taking jobs, yet Citadel bets on a Fed rate hike Wednesday as bitcoin analysts call a hold. Someone will be wrong.BIST10013.687,86▼ -0.63%Ionic Digital jumps 25% in Nasdaq debut after expanding Celsius bitcoin mining assets into AI infrastructure - The BlockUSD/TRY47.6195▲ 0.20%Aston Martin Records Another Loss as Turnaround StumblesEUR/TRY54.1401▲ 0.30%Gold Wavers as Fed Rate Decision Looms and Mideast Tensions RiseBTC/USD$64,438.19▲ 1.38%Aberdeen Records £3 Billion Outflows Amid Record Retail InflowsGOLD6.160,06▲ 0.15%AI Sell-Off Sparks Hedge Fund Collateral CallsBRENT$87.45▲ 4.00%AI isn’t taking jobs, yet Citadel bets on a Fed rate hike Wednesday as bitcoin analysts call a hold. Someone will be wrong.

MacroeconomyJuly 29, 2026 at 09:02 AM

Aramco's Refinery Shutdown: Fluctuations in Oil Markets

724FinanceGökhan Erez

Aramco's Refinery Shutdown: Fluctuations in Oil Markets

The shutdown of Aramco's refinery due to the Houthi attack has caused fluctuations in oil markets. Oil prices have increased by %2 to over $60.

■The impact of the Houthi attack on oil production is estimated to be 200,000 barrels/day.

■The effect of Aramco's refinery shutdown on global energy markets is expected to be a %5 increase within 3 months.

State of Oil Markets: - Oil prices have increased by %15 over the past 6 months.

■OPEC's oil production has been reported at 30 million barrels/day.

Future of Energy Markets: - A growth of %10 is expected in energy markets for 2023.

■The share of renewable energy sources is expected to reach %30 by 2030. Finally, it is essential to closely monitor the impact of oil price fluctuations on the global economy. As Gökhan Erez, I will continue to closely follow developments in energy markets and oil price fluctuations.