Tag Archives: Anadolu Agency

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing nations on Thursday promised full conformity with oil output cuts from July through September to balance the global oil market. The 23-member group known as OPEC+ said “attainment of 100% conformity from all participating countries is not only fair and …

The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary, OPEC announced in a statement on Wednesday. The workshop will be held via videoconference next Tuesday, on June 23, to reflect on how OPEC has evolved …

Energy-related carbon dioxide (CO2) emissions in the US declined year-on-year by 2.8% in 2019, the country’s Energy Information Administration (EIA) said on Tuesday. The US’ energy-related CO2 emissions registered at 5,130 million metric tons (MMmt) in 2019, which was slightly below the level recorded in 2017 of 5,131 MMmt, the …

The world’s three biggest oil-producing countries, Saudi Arabia, Russia and the US have intensified their fight for a greater share of the global oil market as sluggish oil demand worldwide continues with low crude prices. Due to the novel coronavirus (COVID-19), oil consumption around the world has weakened over the …

Turkey will collaborate with China and United States to build a pumped-storage hydropower plant in the Isparta province, in the western Anatolian region, Anadolu reported General Electrics General Manager Marwan Al Roub saying. “The pumped-storage hydropower plant will provide important capacity toward Turkey’s renewable energy potential,” Al Roub stated. The …

Crude oil prices were up on Wednesday as the upcoming meeting between OPEC and its allies, known as OPEC+, give hope to investors of potential support to prices. International benchmark Brent crude was trading at $32.32 per barrel at 0620 GMT for a 1.4% increase after it closed Tuesday at …

Global oil demand is forecast to decline by 4.9% in 2020, compared to the previous year, Norway-based energy research center Rystad Energy said in a statement on Wednesday. Oil demand around the world is estimated to decrease by 4.9 million barrels per day (bpd) to reach 95 million bpd, from …

Turkey’s third drillship arrived in Tasucu, Mersin, a coastal city in the Mediterranean region of the country on Sunday, the country’s energy minister said. Fatih Donmez said that the Turkish Petroleum Corporation took the ship into its inventory on Jan. 31 and it set off from the U.K. “We named …

Cyprus regards Turkey’s attempt to explore gas in the Eastern Mediterranean as provocative.

Libya’s largest functioning refinery in Zawiya is located around 49 kilometers (30 miles) from the capital. Tripoli.