Oil down as markets focus on China’s economic data Oil down as markets focus on China’s economic data By admin on May 16, 2023 Markets to closely monitor OPEC+ meeting in early June, taking into account impact of group’s supply cut of 1.2M barrels per day
Türkiye discovers high-quality petroleum in country’s east: President Türkiye discovers high-quality petroleum in country’s east: President By admin on May 3, 2023 Country will no longer depend on others in energy but rather become energy exporter, says Erdogan
Putin exempts ‘friendly’ countries from Russian price cap response Putin exempts ‘friendly’ countries from Russian price cap response By admin on April 29, 2023 On Dec. 27, Russian president signed decree prohibiting supplies of oil, petroleum products to countries that imposed price cap on Russian fuel
Oil down more than 5% during week ending April 21 Oil down more than 5% during week ending April 21 By admin on April 25, 2023 On Wednesday, larger-than-expected draw in US oil inventories signals recovery in US oil demand
Russia exports 91% of its crude oil to China, India in March as trade routes shift Russia exports 91% of its crude oil to China, India in March as trade routes shift By admin on April 5, 2023 Moscow shipped 3.08M bpd of crude oil to China and India last month, data shows
Baghdad ordered to compensate Türkiye for crude exports from northern Iraq Baghdad ordered to compensate Türkiye for crude exports from northern Iraq By admin on March 30, 2023 Despite instability, Türkiye has spent billions to keep Iraq-Türkiye Oil Pipeline System operational since 1973, says Türkiye’s Energy Ministry
Morocco denies ban on Russian oil imports Morocco denies ban on Russian oil imports By admin on March 20, 2023 Russian gas imports rise to 13% in 2023, according to Moroccan economy minister
Oil prices increase with expectations of growth in Chinese demand Oil prices increase with expectations of growth in Chinese demand By admin on March 16, 2023 US commercial crude oil inventories rose by around 1.6M barrels against market expectation of 555,000 barrels rise
