Tag Archives: Anadolu Agency

Iraq will dispatch 60,000 tons of fuel oil to neighboring Syria following last week’s deadly earthquakes that killed thousands. In a statement, the Iraqi government said the aid shipment will be delivered to the Syrian side through Al-Mikhtaf area in the Iraqi territorial waters. The statement said the aid shipment …

Oil prices fell on Monday ahead of the release of critical US inflation data due later this week, sparking recession fears in the country. International benchmark Brent crude traded at $85.56 per barrel at 09.55 a.m. local time (0655 GMT), down 0.96% from the closing price of $86.39 a barrel …

EU ambassadors agreed on a price cap Friday for Russian petroleum products, said the Swedish Presidency of the Council of the EU. “EU ambassadors today approved the price caps on petroleum products ahead of final adoption by the EU Council,” it wrote on Twitter. “Important agreement as part of the …

Oil prices rose on Thursday as the US dollar fell and OPEC+ decided to maintain its current production policy. International benchmark Brent crude traded at $83.38 per barrel at 9.08 a.m. local time (0608 GMT), a 0.65% increase from the closing price of $82.84 a barrel in the previous trading …

Russia’s ban on oil supplies to countries and companies that comply with a price cap imposed by the West came into effect on Wednesday. The decree, signed by President Vladimir Putin on Dec. 27, prohibits the supply of Russian crude oil and oil products “at all stages” if contracts directly …

Oil prices slightly dropped on Monday underpinned by tentative economic growth in China and potential recession in the US. International benchmark Brent crude traded at $87.51 per barrel at 9.54 a.m. local time (0654GMT), down 0.14% from the closing price of $87.63 a barrel in the previous trading session. The …

Oil prices slightly rose on Thursday over demand worries after a higher-than-expected increase in oil stockpiles in the US, the world’s largest oil consumer. International benchmark Brent crude traded at $82.75 per barrel at 09.22 a.m. local time (0622GMT), a 0.10% increase from the closing price of $82.67 a barrel …

Oil prices slid on Tuesday over concerns about economic growth and oil demand in the US, the world’s largest oil consumer, and as weaker US dollar increases traders’ appetite for cheaper dollar-indexed crude oil. International benchmark Brent crude traded at $79.32 per barrel at 9.55 a.m. local time (0655GMT), a …

Shell Petroleum has agreed to pay €15 million ($15.9 million) as settlement to Nigeria over oil pipeline leaks in the country’s Niger Delta in the early 2000s. In a statement on Friday, Shell said it had negotiated the settlement for the benefit of the Oruma, Goi and Ikot Ada Udo …

The US will begin repurchasing crude oil for its Strategic Petroleum Reserve (SPR) in February, the Energy Department announced on Friday. “This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil at a lower price than the $96 per barrel average price it was …