oil production
- Business
Commodity market rallies amid sell-off pressure
Last week, Brent oil rose 2.2%, gold 0.2%, wheat 1.3% and coffee 7.1% International commodity markets rallied last week which…
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Turkiye plans 3 more drilling ops to ‘increase energy independence’
Turkiye is set to initiate three additional drilling operations aimed at bolstering the nation’s energy self-sufficiency following significant oil discovery…
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Saudi Arabia will continue to cut additional oil production in August
Saudi Arabia has decided to continue the additional production cut of 1 million barrels per day in oil in August.…
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Saudi Aramco announced a net profit of $42.4 billion in the third quarter of the year
The net profit of Saudi Aramco, the national oil company of Saudi Arabia, in the third quarter of the year…
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OPEC+ actual oil production fall to be lower than quota cuts: Fitch
Reaching consensus among members difficult due to demand uncertainties, recession in large developed markets, says ratings agency The decision by…
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Oil slips on negative economic data from China, Japan
China’s PMI drops to lowest level since February 2020 as country implements strict “Zero Covid” policy Oil prices slumped on…
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Turkiye can increase its exports with the grain corridor
Safak Kirbic, Chairman of the Board of Trakya Birlik, said that Turkiye can make an important export by converting the…
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UAE favors raising oil production: Envoy
Oil prices drop following ambassador’s statement The United Arab Emirates (UAE) favors an increase in oil production and will encourage…
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IBM, Amazon partner to extend reach of data tools for oil companies
International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the…
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Sunflower oil price is expected to decrease
Hasan Ozkan, Vice President of the Southern and Southeastern Anatolian Vegetable Oil Industrialists Association (GUNYAGDER), stated that the expectation of…
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