Parvin Faghfouri Azar

Turkey to Ramp up Gas Production 8-Fold by 2050

Turkey is expected to reach natural gas production of 13 billion cubic meters annually by 2050, enough to power Istanbul and Ankara for 12 months, positioning it between Western markets and major energy suppliers in the Middle East and Russia, Azernews reports, citing Anadolu Agency. According to information compiled by …

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EIA Raises Crude Oil Price Outlook

The Energy Information Administration lifted its outlook for Brent crude oil prices for this year and next, the agency said in a Tuesday report. The EIA now sees the spot price for Brent crude oil averaging $87 per barrel, according to the latest edition of the Short-Term Energy Outlook published …

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