International

OPEC+ oil exporters have coordinated output for three years to balance the market and support prices.

OPEC’s own outlook reflected a surplus of around 70.000 barrels per day (bpd) next year.

Oil production in the US has continued to expand and now stands at a record level of 12.9 million barrels a day.

The initial capacity of TANAP. which is the main segment of the Southern Gas Corridor. is 16 billion cubic meters of gas.

There has been speculation that Russia may be unhappy with the production agreement. in part because its energy companies oppose it.

The offering to institutional investors. expected to raise about two thirds of the offering. closes on Dec 4.

There'.s too much gas in Asia. there'.s too much gas in Europe and that means the US may need to be the swing supplier.

Gazprom is dominating gas supplies to many European markets.

Turkey is currently carrying out hydrocarbon exploration activities in the Eastern Mediterranean with two drilling vessels.

The Indian government has been engaged in a major effort to introduce electric vehicles and use renewable energy for transport.