Social and Events

The Nord Stream-2 project involves the construction of two lines with a total capacity of 55 billion cubic meters of gas per year.

The level of compliance with the output limit in April made 172%.

U.S. was skeptical whether Russian transit guarantees for other countries such as Ukraine were enforceable.

United States was trying to keep prices inflated in order to support U.S. shale oil growth.

OPEC and several other non-OPEC producers have reached an agreement to extend the production deal for a further nine months.

Global oil prices are currently under the influence of geopolitics.

Turkey will start deep-sea drilling in the Mediterranean this summer.

In a first phase. TANAP will introduce 6 billion cubic meters (bcm) of gas yearly. so Turkish imports. set at 6.6 bcm by Albayrak. will be covered in a 90 percent.

U.S. exit from Iran deal puts pressure on European planemakers.

The US decision sent oil futures surging Wednesday as traders digested the likely consequences.