petroleum
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Oil prices up following Fed’s green light on interest rate cuts
Oil prices increased on Friday driven by the US Federal Reserve’s (Fed) indication of potential interest rate cuts and the…
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Turkiye to begin oil and gas exploration campaign offshore Somalia in broader African energy strategy
Turkiye, seeking to extend its influence in Africa and strengthen energy security, will send the 86 m long research vessel…
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Global LNG Exports Increased by 4.3% in the First Quarter Due to Competitive Spot Prices
Global liquefied natural gas (LNG) exports increased by 4.3% in the first quarter compared to the previous year, rising to…
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IEEFA: Long-term oversupply expected in global LNG markets
According to the Global LNG Outlook report by the International Energy Economics and Financial Analysis Institute (IEEFA), major LNG importing…
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TPAO Expands Oil Exploration Efforts: Granted Licenses for 3 New Fields
Turkish Petroleum Joint Stock Company (TPAO) was granted oil exploration license for 3 separate regions in the Marmara Sea. The…
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Global gas production is expected to reach 5.3 trillion cubic meters by 2050
According to the “2050 Outlook” report by the Gas Exporting Countries Forum (GECF), the Middle East became the largest holder…
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U.S. Revises Upward Oil Price Forecast for the Year
The U.S. Energy Information Administration (EIA) has revised its forecast for oil prices upward for this year, citing a decline…
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Turkiye: The highest increase in petroleum product exports last year was in December with an increase of 66%
Turkiye, which has an annual crude oil processing capacity of 42 million tons, achieved the highest exports of petroleum products…
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Russia to Increase Voluntary Cut in Oil Production and Export
Alexander Novak, Deputy Prime Minister of Russia, has announced that the country will increase its voluntary cut in oil production…
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Turkiye’s Petroleum Imports Increased by 15.7% in December Last Year
According to the “Petroleum Market Sector Report” for December by the Energy Market Regulatory Authority, Turkey’s total petroleum and petroleum…
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