Oil prices plummeted to their lowest levels since the depths of the global recession in February 2009 as investors braced for a flood of Iranian oil in an already glutted market.

• December 8, 2015

Turkish President Recep Tayyip Erdogan says that Ankara may find alternatives to buying Russian oil and gas as bilateral relations deteriorate over the downing of a Russian warplane.

• December 7, 2015

Russia, Iran, and Iraq have quashed a plan reportedly being eyed by Saudi Arabia to lift sagging global oil prices through collective cuts in oil output.

• December 7, 2015

Turkey's row with Moscow over the downing of a Russian jet over Syria has not affected joint energy projects, Turkish President Tayyip Erdogan said on Saturday.

• December 5, 2015

Oil-producing countries looked unlikely to reach a deal to lift languishing prices at a meeting on Friday after Iran, Iraq and Russia swiftly rejected a surprise proposal that appeared to have been floated by Saudi Arabia.

• December 3, 2015

Turkey's leaders have mounted a charm offensive among regional energy producers in an effort to diversify supplies as relations with major natural gas provider Russia crumble following the downing of a Russian warplane by the Turkish airforce.

• December 3, 2015

Turkey wants to cut its reliance on Russian gas used in cars and households, prompted by a growing chill in ties between Ankara and Moscow after the downing of a Russian jet.

• December 2, 2015

Russia may freeze work on the Turkish Stream gas pipeline project for several years in retaliation against Ankara for the shooting down of a Russian air force jet, two sources at Russian gas giant Gazprom (GAZP.MM) told Reuters.

• December 1, 2015