Tag Archives: Anadolu Agency

Turkey will conduct new drillings in areas in the Eastern Mediterranean where it sees signs of natural gas, Energy and Natural Resources Minister Fatih Dönmez said Monday. “We think there is potential in the wells we have drilled,” Dönmez told the private broadcaster, A Haber. The minister also signaled new …

Turkey ranked third in the world after China and India with an annual growth of 1.3 million tonnes in LNG imports in 2020, according to the latest report of the International Group of Liquefied Natural Gas Importers (GIIGNL). China ranked first with imports of 7.2 million tonnes last year followed …

On the eve of talks with Turkey’s president and a key EU summit, the bloc is holding back on sanctions on more Turkish oil company officials, according to media reports. “Work has stopped on additional blacklistings of Turkish individuals, and we are not talking of economic sanctions anymore,” the Reuters …

Oil prices rose on Monday, boosted by the start of Saudi Arabia’s production cut of 1 million barrels per day (bpd) and with positive reports on the new coronavirus vaccines. International benchmark Brent crude was trading at $55.38 per barrel at 0654 GMT for a 0.65% rise after closing the …

Oil prices were mixed on Tuesday as China’s record-high refinery output in 2020 boosted positive market sentiment, but investors are still cautious ahead of the inauguration of US President-elect Joe Biden on Wednesday. International benchmark Brent crude was trading at $55.01 per barrel at 0645 GMT for a 0.47% rise …

Oil prices fell on Monday over reported deaths of some elderly people after getting the COVID-19 vaccine, while the number of coronavirus cases is still surging to negatively affect oil demand recovery expectations. International benchmark Brent crude was trading at $54.84 per barrel at 0646 GMT for a 0.47% fall …

Turkey has invested 27 billion Turkish liras ($3.6 billion) on natural gas distribution since 2002, President Recep Tayyip Erdogan said on Saturday. “Since the day we took office, investment in natural gas distribution across Turkey has reached a total of 27 billion Turkish liras,” Erdogan said via video link at …

A South Korean delegation on Thursday departed for Tehran to negotiate an early release of an oil tanker and its crew members seized by Iranian authorities, according to local media. The delegation led by Koh Kyung-sok, director-general of the Foreign Ministry’s Africa and Middle Eastern affairs, left early morning along …

Oil prices jumped significantly on Wednesday after a more than expected cut in OPEC+ production when Saudi Arabia issued a surprise, major unilateral cut of 1 million barrels per day (bpd). International benchmark Brent crude was trading at $53.87 per barrel at 0647 GMT for a 0.50% rise after closing …

US commercial crude oil inventories decreased by 1.2% for the week ending Dec. 25, according to data released by the Energy Information Administration (EIA). Inventories decreased by 6.1 million barrels to 493.5 million barrels, more than the market expectation of a fall of 2.1 million barrels. Strategic petroleum reserves, which …