Tag Archives: Anadolu Agency

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 …

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 …

Turkey has reportedly begun to export electricity to Iraq. According to Anadolu Agency, Turkey’s Energy Market Regulatory Authority (EMRA, EPDK) started supplying Iraq on Monday at a rate of 150 MW, through the Silopi-Zakho transmission line. The deal is due to run until 1st November, 2021.

Crude oil prices were down on Wednesday over the double whammy of an increase in US oil inventories and continuing uncertainty about OPEC+ meeting as investors await a decision from OPEC+ regarding their production policy for 2021. International benchmark Brent crude was trading at $47.15 per barrel at 0648 GMT …

Turkey will rank fifth in Europe for increasing its renewable power capacity, which is forecast to add 22.2 gigawatts (GW) by 2025 to reach 66.8 GW, according to International Energy Agency (IEA) data compiled by Anadolu Agency. The country’s total installed renewable energy capacity stood at 44.6 GW at the …

US commercial crude oil inventories decreased last week in line with the market expectation, according to data released by the country’s Energy Information Administration (EIA) on Thursday. Commercial crude oil inventories in the US fell by 7.4 million barrels, or 1.4%, to 518.6 million barrels for the week ending July …

The head of Libya’s state energy company said the war-torn country would resume crude oil exports for the first time in six months, state-run Anadolu news agency said. Since the beginning of the year, forces of rebel General Khalifa Hasftar’s self-styled Libyan National Army (LNA) have blocked oil production and …

US commercial crude oil stocks increased against the market expectation of a fall last week, according to data released by the country’s Energy Information Administration (EIA) on Wednesday. Commercial crude oil inventories in the US rose by 5.7 million barrels, or 1.1%, to 539.2 million barrels for the week ending …

Saudi Arabia and Kuwait have restarted production at the Al-Khafji oil field in the neutral zone between the two countries, Turkey’s Anadolu Agency reported, citing a statement by the acting CEO of the Kuwait Gulf Oil Company. The official Twitter account of the company posted an update yesterday, saying (via …