Tag Archives: Dispute

Greece’s foreign minister said his country could work together with Turkey to exploit natural resources while urging Ankara to settle its dispute with the European Union over offshore drilling in the Mediterranean.

The European Commission says Turkey has been drifting further away from the prospect of eventual EU membership.

Any slowdown in global economic growth will put the brakes on demand for oil.

OPEC. Russia and other producers have since Jan. 1 implemented a deal to cut output by 1.2 million bbl d.

Turkey’s first drilling vessel. Fatih. has already started searching for gas and oil in waters considered part of Cyprus’s exclusive economic zone.

OPEC agreed to extend cuts to their supply of oil to the international markets for another nine months as they seek more stable prices amid an increase in oil production in the United States.

China is sticking to the opening-up policy and continuing to ease market access.

Concern about slowing economic growth and a US-China trade dispute has pulled oil lower in recent weeks.

The European Council expresses serious concerns over Turkey'.s current illegal drilling activities in the Eastern Mediterranean.

OPEC proposed mid-July meetings with its allies in Vienna to discuss extending production cuts. after talks between Russia and Iran made some progress toward resolving a standoff over the date.