• Electricity
    • Nuclear
    • Thermal
    • Coal
  • Natural Gas
    • Upstream
    • Shale/Unconventional
    • Downstream
    • Lng/Lpg
  • Oil
    • Upstream
    • Downstream
    • Refining/Petro Chemistry
    • Transportation/Fuel Oil
  • Renewable
    • Wind
    • Solar
    • Hydro
    • Geothermal/Biomass
  • Finance
    • Projects
    • Invesments
    • Stock Market
  • Regulation
    • Oil
    • Electricity
    • Natural Gas
    • Renewable
    • LPG
  • Energy Diplomacy
    • Energy Security
    • International Relations
    • International Organization
    • Energy Projects
  • World
    • Turkey
    • Europe
    • Eurasia
    • Asia
    • Americas
    • Middle East-Africa
  • Reports
  • other
    • News from companies
    • Energy Meetings
    • Video
  • Türkçe
  • English

Anadolu AgencyAnadolu Agency

  • Log Out
  • Anadolu Agency
  • Electricity
    • Nuclear
      US Navy places $22B order for nuclear submarines

      US Navy places $22B order for nuclear submarines

      Local growth in Turkey's energy cybersecurity on rise

      Local growth in Turkey's energy cybersecurity on rise

      Oil-rich Saudi Arabia plans to shift to nuclear energy

      Oil-rich Saudi Arabia plans to shift to nuclear energy

      Turkey's daily power consumption up 3.01% on Nov. 26

      Turkey's daily power consumption up 3.01% on Nov. 26

    • Thermal
      Turkey's daily power consumption up 0.6% on Dec. 11

      Turkey's daily power consumption up 0.6% on Dec. 11

      Turkey's daily power consumption up 0.85% on Dec. 5

      Turkey's daily power consumption up 0.85% on Dec. 5

      Spot market electricity prices for Friday, Dec. 6

      Spot market electricity prices for Friday, Dec. 6

      Turkey's daily power consumption up 4.17% on Dec. 4

      Turkey's daily power consumption up 4.17% on Dec. 4

    • Coal
      27 miners die in gold mine collapse in DR Congo

      27 miners die in gold mine collapse in DR Congo

      US coal production employment falls 41% since 2011

      US coal production employment falls 41% since 2011

      NGO hails Senegal's nixing of coal-fired power project

      NGO hails Senegal's nixing of coal-fired power project

      Turkey aims to ensure compliance of environmental law

      Turkey aims to ensure compliance of environmental law

  • Natural Gas
    • Upstream
      Libyan, Tunisian leaders discuss bilateral relations

      Libyan, Tunisian leaders discuss bilateral relations

      Valeura reports positively on Turkey's Devepinar-1 well

      Valeura reports positively on Turkey's Devepinar-1 well

      Turkey's LPG imports up 14.1% in September 2019

      Turkey's LPG imports up 14.1% in September 2019

      Turkey vows to defend rights in East Mediterranean

      Turkey vows to defend rights in East Mediterranean

    • Shale/Unconventional
      More incentives for China's gas output as imports rise

      More incentives for China's gas output as imports rise

      Turkey starts producing oil with fracking: Erdogan

      Turkey starts producing oil with fracking: Erdogan

      Oil shale has dominant role in Estonia’s energy mix: IEA

      Oil shale has dominant role in Estonia’s energy mix: IEA

      Abu Dhabi launches bid round 2 for 5 exploration blocks

      Abu Dhabi launches bid round 2 for 5 exploration blocks

    • Downstream
      TANAP's gas journey to Europe begins: Turkish minister

      TANAP's gas journey to Europe begins: Turkish minister

      Turkey, Azerbaijan inaugurate gas pipeline project

      Turkey, Azerbaijan inaugurate gas pipeline project

      Germany’s natural gas imports up 25.6% in Jan-Sept

      Germany’s natural gas imports up 25.6% in Jan-Sept

      Spot market natural gas prices for Wednesday, Nov. 27

      Spot market natural gas prices for Wednesday, Nov. 27

    • Lng/Lpg
      Turkish maritime pact with Libya effective as of Dec. 8

      Turkish maritime pact with Libya effective as of Dec. 8

      LNG is vital part of Turkey-US $100B trade volume aim

      LNG is vital part of Turkey-US $100B trade volume aim

      Turkey's LPG imports up 14.1% in September 2019

      Turkey's LPG imports up 14.1% in September 2019

      Qatar aims to raise LNG production by 64% by 2027

      Qatar aims to raise LNG production by 64% by 2027

  • Oil
    • Upstream
      OPEC cuts disrupt planned oil projects worldwide

      OPEC cuts disrupt planned oil projects worldwide

      OPEC deal depends on member compliance with quotas: IEA

      OPEC deal depends on member compliance with quotas: IEA

      Global oil production shows marginal rise in November

      Global oil production shows marginal rise in November

      EIA revises up 2020 oil price forecast by $0.50 a barrel

      EIA revises up 2020 oil price forecast by $0.50 a barrel

    • Downstream
      Oil falls from three-month highs after US-China deal

      Oil falls from three-month highs after US-China deal

      US, China optimism push oil 1% up for w/ending Dec. 13

      US, China optimism push oil 1% up for w/ending Dec. 13

      Oil prices gain as US, China close on trade deal

      Oil prices gain as US, China close on trade deal

      Brent gains with Fed's rate pause causing weaker dollar

      Brent gains with Fed's rate pause causing weaker dollar

    • Refining/Petro Chemistry
      Oil market should trust OPEC: Saudi Energy Minister

      Oil market should trust OPEC: Saudi Energy Minister

      US' mthly. petroleum exports exceed imports for 1st time

      US' mthly. petroleum exports exceed imports for 1st time

      OPEC meeting ends without conclusion after six hours

      OPEC meeting ends without conclusion after six hours

      Aramco earns record $25B from IPO, valuation hits $1.7T

      Aramco earns record $25B from IPO, valuation hits $1.7T

    • Transportation/Fuel Oil
      US' mthly. petroleum exports exceed imports for 1st time

      US' mthly. petroleum exports exceed imports for 1st time

      OPEC meeting ends without conclusion after six hours

      OPEC meeting ends without conclusion after six hours

      Oil supply shadowing demand puts OPEC in tough spot

      Oil supply shadowing demand puts OPEC in tough spot

      Saudi Arabia becomes largest oil exporter to China

      Saudi Arabia becomes largest oil exporter to China

  • Renewable
    • Wind
      Japan's Hamax to produce wind equipment in Turkey

      Japan's Hamax to produce wind equipment in Turkey

      Onshore wind capacity in US exceeds 100 gigawatts

      Onshore wind capacity in US exceeds 100 gigawatts

      Equinor bolsters position in Polish offshore wind market

      Equinor bolsters position in Polish offshore wind market

      Nordex wins new wind orders totalling 248 MW in Turkey

      Nordex wins new wind orders totalling 248 MW in Turkey

    • Solar
      Solar energy big hit amid Zimbabwe’s energy crisis

      Solar energy big hit amid Zimbabwe’s energy crisis

      Solar PV market set for growth over next 5 years: IEA

      Solar PV market set for growth over next 5 years: IEA

      UK seeking stronger post-Brexit trade with Turkey

      UK seeking stronger post-Brexit trade with Turkey

      Eni boosts investments in Australian solar projects

      Eni boosts investments in Australian solar projects

    • Hydro
      Hydro provides most of Norway's power in October

      Hydro provides most of Norway's power in October

      Hydro provides virtually all of Norway's power in August

      Hydro provides virtually all of Norway's power in August

      Hydro leads in providing most of Norway's power in July

      Hydro leads in providing most of Norway's power in July

      Scotland funds £3.4 million for tidal energy project

      Scotland funds £3.4 million for tidal energy project

    • Geothermal/Biomass
      UN wants action on climate change in 9 African nations

      UN wants action on climate change in 9 African nations

      Turkey focuses on biomass from agricultural waste

      Turkey focuses on biomass from agricultural waste

      Turkey to boost geothermal using support mechanisms

      Turkey to boost geothermal using support mechanisms

      Oman to host sustainability, waste management conference

      Oman to host sustainability, waste management conference

  • Finance
    • Projects
      India to consume more energy than US by mid-2040s: EIA

      India to consume more energy than US by mid-2040s: EIA

      Brent gains with Fed's rate pause causing weaker dollar

      Brent gains with Fed's rate pause causing weaker dollar

      Japan's Hamax to produce wind equipment in Turkey

      Japan's Hamax to produce wind equipment in Turkey

      Valeura reports positively on Turkey's Devepinar-1 well

      Valeura reports positively on Turkey's Devepinar-1 well

    • Invesments
      OPEC cuts disrupt planned oil projects worldwide

      OPEC cuts disrupt planned oil projects worldwide

      EBRD to work on environmental action plan in Izmir

      EBRD to work on environmental action plan in Izmir

      Japan's Hamax to produce wind equipment in Turkey

      Japan's Hamax to produce wind equipment in Turkey

      Iran needs investments to capitalize on new oil field

      Iran needs investments to capitalize on new oil field

    • Stock Market
      Saudi Aramco market value exceeds $2 trillion on Thurs.

      Saudi Aramco market value exceeds $2 trillion on Thurs.

      EIA revises up 2020 oil price forecast by $0.50 a barrel

      EIA revises up 2020 oil price forecast by $0.50 a barrel

      Aramco shares start trading in Tadawul with 10% gain

      Aramco shares start trading in Tadawul with 10% gain

      Oil prices up with positive US, China trade talks

      Oil prices up with positive US, China trade talks

  • Regulation
    • Oil
      Aramco int'l listing unlikely, Tokyo closest: Analyst

      Aramco int'l listing unlikely, Tokyo closest: Analyst

      Profitable Saudi oil to prompt demand for Aramco IPO

      Profitable Saudi oil to prompt demand for Aramco IPO

      Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11

      Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11

      ExxonMobil's climate change trial begins in New York

      ExxonMobil's climate change trial begins in New York

    • Electricity
       Spot market natural gas prices for Thursday, Dec. 12

      Spot market natural gas prices for Thursday, Dec. 12

      Spot market electricity prices for Friday, Dec. 6

      Spot market electricity prices for Friday, Dec. 6

      Turkey's daily power consumption up 15.8% on Nov. 25

      Turkey's daily power consumption up 15.8% on Nov. 25

      China's coal capacity soars despite climate vow: Report

      China's coal capacity soars despite climate vow: Report

    • Natural Gas
      Spot market natural gas prices for Wednesday, Dec. 4

      Spot market natural gas prices for Wednesday, Dec. 4

      Spot market natural gas prices for Saturday, Nov. 30

      Spot market natural gas prices for Saturday, Nov. 30

      Are Ukraine-Russia gas transit talks politically driven?

      Are Ukraine-Russia gas transit talks politically driven?

      More incentives for China's gas output as imports rise

      More incentives for China's gas output as imports rise

    • Renewable
      Deepest point of earth's continents found in Antarctica

      Deepest point of earth's continents found in Antarctica

      Turkey's daily power consumption up 0.3% on Dec. 12

      Turkey's daily power consumption up 0.3% on Dec. 12

      EU leaders commit to carbon neutrality

      EU leaders commit to carbon neutrality

      Indonesia to reduce marine plastic waste 70% by 2025

      Indonesia to reduce marine plastic waste 70% by 2025

    • LPG
      Turkey's LPG imports down over 19.02% in June 2019

      Turkey's LPG imports down over 19.02% in June 2019

      Equinor inks agreement for LPG storage in Malaysia

      Equinor inks agreement for LPG storage in Malaysia

      Turkey's LPG imports fall 5 pct year on year in August

      Turkey's LPG imports fall 5 pct year on year in August

      Turkey's LPG imports up 10.8% year on year in June

      Turkey's LPG imports up 10.8% year on year in June

  • Energy Diplomacy
    • Energy Security
      Turkey can now drill in E. Med from deal with Libya

      Turkey can now drill in E. Med from deal with Libya

      US says Iran proxies carried out series of base attacks

      US says Iran proxies carried out series of base attacks

      Turkey slams EU for Libyan maritime pact remarks

      Turkey slams EU for Libyan maritime pact remarks

      Northern Cyprus greenlights Turkish drone flights

      Northern Cyprus greenlights Turkish drone flights

    • International Relations
      Oil falls from three-month highs after US-China deal

      Oil falls from three-month highs after US-China deal

      Turkish lawmakers to ratify Libya military coop deal

      Turkish lawmakers to ratify Libya military coop deal

      US, China optimism push oil 1% up for w/ending Dec. 13

      US, China optimism push oil 1% up for w/ending Dec. 13

      Oil prices gain as US, China close on trade deal

      Oil prices gain as US, China close on trade deal

    • International Organization
      India to consume more energy than US by mid-2040s: EIA

      India to consume more energy than US by mid-2040s: EIA

      Spain’s Renewables Curse: How Not to Regulate?

      Spain’s Renewables Curse: How Not to Regulate?

      OPEC deal depends on member compliance with quotas: IEA

      OPEC deal depends on member compliance with quotas: IEA

      Global oil production shows marginal rise in November

      Global oil production shows marginal rise in November

    • Energy Projects
      OPEC cuts disrupt planned oil projects worldwide

      OPEC cuts disrupt planned oil projects worldwide

      Turkish, Russian leaders to discuss Syria over phone

      Turkish, Russian leaders to discuss Syria over phone

      Turkish maritime pact with Libya effective as of Dec. 8

      Turkish maritime pact with Libya effective as of Dec. 8

      Aramco shares start trading in Tadawul with 10% gain

      Aramco shares start trading in Tadawul with 10% gain

  • World
    • Turkey
      Turkey's daily power consumption down 11.8% for Dec. 15

      Turkey's daily power consumption down 11.8% for Dec. 15

      Israeli radio: Turkey ready for talks on gas transfer

      Israeli radio: Turkey ready for talks on gas transfer

      Turkey to protect sovereign rights via Libya deal

      Turkey to protect sovereign rights via Libya deal

      Turkey may close Incirlik, Kurecik bases 'if necessary'

      Turkey may close Incirlik, Kurecik bases 'if necessary'

    • Europe
      Turkey to protect sovereign rights via Libya deal

      Turkey to protect sovereign rights via Libya deal

      Turkey to continue defending rights in E. Mediterranean

      Turkey to continue defending rights in E. Mediterranean

      Turkey can now drill in E. Med from deal with Libya

      Turkey can now drill in E. Med from deal with Libya

      Turkey slams EU for Libyan maritime pact remarks

      Turkey slams EU for Libyan maritime pact remarks

    • Eurasia
      EBRD pledges $50M to help Moldova secure EU gas

      EBRD pledges $50M to help Moldova secure EU gas

      Turkey may buy cheaper gas via TurkStream

      Turkey may buy cheaper gas via TurkStream

      OPEC, allies to lower oil output 500,000 barrels more

      OPEC, allies to lower oil output 500,000 barrels more

      OPEC advised to lower oil output by 500,000 barrels

      OPEC advised to lower oil output by 500,000 barrels

    • Asia
      Oil falls from three-month highs after US-China deal

      Oil falls from three-month highs after US-China deal

      US, China optimism push oil 1% up for w/ending Dec. 13

      US, China optimism push oil 1% up for w/ending Dec. 13

      India to consume more energy than US by mid-2040s: EIA

      India to consume more energy than US by mid-2040s: EIA

      Oil prices gain as US, China close on trade deal

      Oil prices gain as US, China close on trade deal

    • Americas
      Oil falls from three-month highs after US-China deal

      Oil falls from three-month highs after US-China deal

      Oil rig count in US up by 4 this week

      Oil rig count in US up by 4 this week

      US says Iran proxies carried out series of base attacks

      US says Iran proxies carried out series of base attacks

      US, China optimism push oil 1% up for w/ending Dec. 13

      US, China optimism push oil 1% up for w/ending Dec. 13

    • Middle East-Africa
      Israeli radio: Turkey ready for talks on gas transfer

      Israeli radio: Turkey ready for talks on gas transfer

      Turkey to protect sovereign rights via Libya deal

      Turkey to protect sovereign rights via Libya deal

      27 miners die in gold mine collapse in DR Congo

      27 miners die in gold mine collapse in DR Congo

      Turkish lawmakers to ratify Libya military coop deal

      Turkish lawmakers to ratify Libya military coop deal

  • Reports
  • other
    • News from companies
    • Energy Meetings
    • Video
  • Log in

Brent oil trades around $53 for week ending Dec. 21

- Rising global oil output and gloomy prospects for major economies keep downward pressure on prices

home > Oil, Finance, Downstream, Americas, Middle East-Africa, General 21.12.2018 15:26 Gülşen Çağatay

Brent oil trades around $53 for week ending Dec. 21

International benchmark Brent crude traded at $53.22 per barrel at 11.57 GMT on Friday, while American benchmark West Texas Intermediate saw prices of $45.42 per barrel, with both benchmark prices showing decreases since Monday's opening.

An increase in global oil supplies and weakening global economic outlook, particularly for major economies, puts a downward pressure on oil prices while the OPEC+ output cut decision helps stabilize prices in the global markets.

Brent crude oil was up at the beginning of the week on Monday trading at $60.28 per barrel at 06.16 GMT while WTI cost $51.21 per barrel.

Crude oil prices recovered Wednesday from a three-day slump, as the rebound in U.S. stock markets shifted the sentiment among investors to optimism prior to the U.S. Federal Reserve's monetary policy decision.

Brent crude fell 5.9 percent on Tuesday to post losses for a third consecutive trading day, but gained 0.9 percent to trade at $56.60 per barrel at 0610 GMT on Wednesday.

WTI lost 6.5 percent on Tuesday, also falling for the third trading day in a row; however, the benchmark rebounded to trade at $46.79 a barrel at the same time -- a 0.3 percent gain for the day.

Crude oil prices began Thursday with a decline after the U.S. Federal Reserve signaled Wednesday that it would stay committed to tightening monetary policy in 2019, which led to stock market selloffs in major economies.

In the global oil market, a glut of supply remains strong with the U.S.' crude oil production remaining near a record high level of 11.6 million barrels per day for the week ending Dec. 14, according to the Energy Information Administration on Wednesday.

By Gulsen Cagatay

Anadolu Agency

energy@aa.com.tr


related news

Oil falls from three-month highs after US-China deal
Oil rig count in US up by 4 this week
Turkey's daily power consumption down 11% on Dec. 13
US, China optimism push oil 1% up for w/ending Dec. 13
OPEC cuts disrupt planned oil projects worldwide
Oil prices gain as US, China close on trade deal
Facebook Facebook Twitter Google LinkedIn

Turkish lawmakers to ratify Libya military coop deal

- Pact between Ankara, UN-recognized Tripoli government includes cooperation on training, intelligence, defense industry
15.12.2019 Natural Gas , Oil , International Relations , Turkey , Middle East-Africa

Oil rig count in US up by 4 this week

- Number of US oil rigs increase to 667
14.12.2019 Oil , Americas , General

US, China optimism push oil 1% up for w/ending Dec. 13

- Brent crude rises 1.2%, WTI gains 1.15% this week on the back of expectation of higher demand
14.12.2019 Downstream , International Relations , Asia , Americas

OPEC cuts disrupt planned oil projects worldwide

- 'Each time OPEC announces a cut, it affects planned projects across globe,' Dateline Energy Services CEO in Nigeria says
14.12.2019 Upstream , Invesments , Energy Projects , Middle East-Africa

Oil prices gain as US, China close on trade deal

- 'Getting VERY close to a BIG DEAL with China. They want it, and so do we!' Trump says on Twitter
13.12.2019 Downstream , International Relations , Asia , Americas

OPEC deal depends on member compliance with quotas: IEA

- 'Overall effectiveness of the OPEC+ agreement depends on the willingness of all its parties to fully comply,' agency says
12.12.2019 Upstream , Regulation , International Organization , Europe , Middle East-Africa

Global oil production shows marginal rise in November

- Increase comes fro non-OPEC producers, but OPEC crude output falls month on month by 300,000 million barrels per day
12.12.2019 Upstream , International Organization , Middle East-Africa

Brent gains with Fed's rate pause causing weaker dollar

- US central bank does not envisage any change in interest rate until 2021
12.12.2019 Downstream , Projects , International Organization , Americas

Aramco int'l listing unlikely, Tokyo closest: Analyst

- 'Product [oil] is volatile, geopolitics is volatile, and Aramco admits energy mix is transitioning,' Gaurav Sharma says
12.12.2019 Oil , Oil , Energy Security , Europe , Asia , Middle East-Africa

US crude oil stocks rise slightly for w/ending Dec. 6

- Commercial crude inventories increase by 0.8 million barrels
12.12.2019 Oil , Energy Security , World

Saudi Aramco market value exceeds $2 trillion on Thurs.

- Market valuation reaches $2.05 trillion on second day of public trading
13.12.2019 Oil , Stock Market , Middle East-Africa

Turkish maritime pact with Libya effective as of Dec. 8

- Bilateral memorandum sets countries' marine jurisdictions in hydrocarbon-rich Eastern Mediterranean region
12.12.2019 Oil , Lng/Lpg , Energy Diplomacy , Energy Security , International Organization , Energy Projects , General

Global oil production up in November 2019

-OPEC crude oil output shows month-on-month decrease of 193 thousand barrels per day to average 29.55 million barrels per day
11.12.2019 Oil , Energy Diplomacy , World

EIA revises up 2020 oil price forecast by $0.50 a barrel

- Brent crude estimated to average $60.50 per barrel next year
12.12.2019 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

Aramco shares start trading in Tadawul with 10% gain

- Oil company makes Saudi exchange Tadawul the world's ninth biggest stock market
12.12.2019 Oil , Stock Market , Energy Projects , Middle East-Africa

Oil prices down as markets await US, China trade deal

- World's two biggest economies try to form trade deal before additional tariffs kick in on December 15
11.12.2019 Oil

Oil prices up with positive US, China trade talks

- Trade talks are 'heading in a good direction,' White House adviser Jared Kushner says
10.12.2019 Oil , Stock Market , International Relations , Asia , Americas

Iran needs investments to capitalize on new oil field

- World's third largest oil field in Khuzestan when operational will make Iran even stronger competitor to Saudi Arabia
11.12.2019 Oil , Invesments , International Relations , Energy Projects , Middle East-Africa

Saudis surprise while Russia wins in new OPEC deal

- Kingdom cements its power as swing producer by making 400,000 barrels a day voluntary curb
10.12.2019 Oil , Energy Diplomacy

Equinor to officially open Johan Sverdrup field in Jan.

- Norway's King will officially open field in North Sea on Jan. 7
09.12.2019 Oil , Europe , General

Oil prices down as US trade war weakens Chinese exports

- Prices fail to rebound despite OPEC's decision to make further output cuts
10.12.2019 Oil , Stock Market , International Organization , Asia , Americas , Middle East-Africa

US oil rig count falls for seventh consecutive week

- Oil rig count number declines by five this week
07.12.2019 Oil , Americas

Oil post largest weekly gain since June after OPEC meet

- Crude prices jump 6% as OPEC, allies deepen cuts
09.12.2019 Oil , World

Aramco to be worth more than $2T: Saudi Energy Min.

- Prince Abdulaziz bin Salman describes Aramco's final price as 'proudest day' of career
09.12.2019 Oil , Middle East-Africa

OPEC, allies to lower oil output 500,000 barrels more

- With additional voluntary 400,000-barrel cut from Saudi Arabia, OPEC+ total output to be down 2.1M barrels daily
09.12.2019 Upstream , Stock Market , International Organization , Eurasia , Middle East-Africa

Oil market should trust OPEC: Saudi Energy Minister

- "This market will not be left unattended," Saudi Prince Abdulaziz bin Salman says
07.12.2019 Oil , Refining/Petro Chemistry , General

US' mthly. petroleum exports exceed imports for 1st time

- Petroleum exports come in at 89,000 barrels a day higher than imports in September 2019 -- a first since records began
07.12.2019 Upstream , Downstream , Refining/Petro Chemistry , Transportation/Fuel Oil , Energy Diplomacy , Americas , General

OPEC meeting ends without conclusion after six hours

- "We can't say we have an agreement until we meet with our colleagues in non-OPEC," Saudi energy minister says
06.12.2019 Oil , Downstream , Refining/Petro Chemistry , Transportation/Fuel Oil , Europe , Middle East-Africa , General

Aramco earns record $25B from IPO, valuation hits $1.7T

- Saudi oil giant becomes world's most valuable company with market capitalization of $1.7 trillion
07.12.2019 Oil , Upstream , Downstream , Refining/Petro Chemistry , Energy Security , Europe , Middle East-Africa , General

Turkish sailor among 19 abducted off Nigerian coast

- Hong Kong-flagged crude oil vessel had 18 Indian nationals onboard
06.12.2019 Downstream , General

Oil supply shadowing demand puts OPEC in tough spot

- OPEC conference president comments come in difficult situation, OPEC finds itself in against US shale
06.12.2019 Oil , Transportation/Fuel Oil , Energy Diplomacy , Energy Security , International Organization , General

OPEC advised to lower oil output by 500,000 barrels

- Lower output levels advised in first quarter of 2020 because ‘oil demand is on the decline due to the winter season’
06.12.2019 Upstream , Stock Market , International Organization , Eurasia , Middle East-Africa

US crude oil inventories decline for w/ending Nov. 29

- Commercial crude stocks fall by 4.9 million barrels, more than market estimate of 1.7 million barrels
06.12.2019 Oil

Oil price to see $40 if OPEC, Russia fail to cut output

- If OPEC and Russia do not extend and deepen cuts, we could see Brent dip to $40 next year, consulting firm warns
06.12.2019 Oil

OPEC meeting to start in Vienna to discuss oil market

- Saudi Arabia-led OPEC is on fence over extending production cut agreement and making deeper cuts
05.12.2019 Oil , Energy Diplomacy , World

Ukrtransnafta, Transneft ink oil deal for 10 more years

- In April, Ukrtransnafta halted transit via Druzhba pipeline because of poor oil quality
05.12.2019 Oil , Eurasia

Oil prices up as market focuses on OPEC meeting

- OPEC+ should make deeper cuts to raise crude prices, some experts say
04.12.2019 Oil , International Relations , International Organization , World

US puts 6 oil tankers on Venezuela sanctions list

- Treasury sanctions 5 Venezuela-flagged, 1 Panama-flagged vessel linked to Venezuela's state-owned oil company
04.12.2019 Oil , Energy Security , International Relations , Americas

Russia fails to meet OPEC+ oil cut target for November

- Moscow could only meet around 85% of oil reduction target set in OPEC+ deal, Energy Minister Novak says
04.12.2019 Oil , Eurasia

Uncertainty over OPEC pick of deeper cuts or extension

- Some experts expect output cut deal extension until mid-2020, while others think deeper cuts are only way to support prices
03.12.2019 Upstream , Stock Market , International Organization , Eurasia , Middle East-Africa

Oil prices gain as investors eye deeper OPEC cuts

- OPEC+ should make deeper cuts to raise crude prices, some experts say
04.12.2019 Upstream , Stock Market , International Organization , Middle East-Africa

Oil giants' total income declines 56% in third quarter

- Top oil companies' total net income falls to $14.24 billion from $32.51 billion year-over-year
03.12.2019 Upstream , Invesments , Europe , Americas

Oil price gains with hopes of larger cut in OPEC output

- Some analysts view deeper production cuts as only way to boost crude oil prices
03.12.2019 Upstream , Stock Market , International Organization , Eurasia , Middle East-Africa

Oil rig count in US falls by 3 this week

- Number of US oil rigs falls to 668
01.12.2019 Oil , General

Brent down for week with trade woes, OPEC mtg. looming

- OPEC expects to maintain collective oil production cut until mid-2020 at meeting next week
30.11.2019 Oil , General

Turkey's energy import bill falls 15% in October 2019

- Country's crude oil imports increase by 48% in October 2019 compared to same month last year
30.11.2019 Electricity , Oil , Energy Diplomacy , International Relations , Energy Projects , General

Oil prices down with market focus on OPEC meeting

- OPEC and allies expect to not only maintain but extend production cut up to end of June 2020 at upcoming OPEC meeting
29.11.2019 Upstream , Stock Market , International Organization , Eurasia , Americas , Middle East-Africa

US Thanksgiving travel volume to be highest in 14 years

- 55 million people are expected to travel this Thanksgiving weekend
29.11.2019 Downstream , Invesments , Americas

Saudi Aramco retail subscription hits $8.69 billion

- Retail portion of Saudi Aramco’s initial public offering is fully covered at 102%
29.11.2019 Upstream , Invesments , Middle East-Africa

Oil down as Trump strains China relations with new laws

- Beijing says Washington has 'sinister intention and hegemonic nature' with Trump's signing of two bills regarding Hong Kong
29.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

US crude oil production breaks new record high

- Crude output reaches all-time high of 12.9 million barrels a day
29.11.2019 Upstream , Refining/Petro Chemistry , Americas

Turkey's crude oil imports up 29.5% in September

- Production of oil refinery products increases by 34.5% to 3.20 million tonnes in Sept
28.11.2019 Oil , Energy Projects , General

Local growth in Turkey's energy cybersecurity on rise

- Biznet Deputy GM recommends use of incentives to encourage enterprises to invest in cybersecurity
29.11.2019 Electricity , Oil , Nuclear , Energy Security , International Relations , Energy Projects , General

Oil steady as trade woes drive Chinese profits down

- Industrial firms' profits in China mark steepest decline in eight months
28.11.2019 Downstream , Stock Market , Asia

Oil-rich Saudi Arabia plans to shift to nuclear energy

- World's top oil exporter wants increase in share of alternative energy to reduce fossil fuels for electricity generation
28.11.2019 Electricity , Oil , Nuclear , Projects , Energy Projects , Middle East-Africa

Saudi Arabia becomes largest oil exporter to China

- Chinese crude imports from kingdom soars 77% to 1.98 million barrels per day from 1.12 million barrels per day in Oct. 2018
27.11.2019 Transportation/Fuel Oil , Asia , Middle East-Africa

Oil prices steady as investors focus on US, China trade

- After two sides discuss resolving main issues, consensus reached on how to resolve those, Beijing says
27.11.2019 Downstream , International Relations , Asia , Americas

Oil prices down as market focuses on OPEC meeting

- OPEC and allies expect to extend production cut agreement up to June 2020
26.11.2019 Upstream , International Organization , Asia , Americas , Middle East-Africa

Oil rig count in US falls by 3 this week

- Number of US oil rigs falls to 671
25.11.2019 Oil , Americas

Oil up slightly for w/ending Nov. 22 after fluctuations

- Oil prices hit two-month high on Thursday
23.11.2019 Downstream , Stock Market , International Organization , Asia , Americas , Middle East-Africa

US' Permian oil production to rise by 18.6% in 2020

- Crude production in Permian region estimated to average 4.3 million bpd in 2019, and 5.1 million bpd in 2020
23.11.2019 Upstream , Transportation/Fuel Oil , Americas

Oil down with China's retaliatory stance against US

- 'We are not afraid. When necessary we will fight back,' Chinese President Xi Jinping says on US threats over trade deal
22.11.2019 Downstream , International Relations , Asia , Americas

Saudi Aramco vulnerable to climate change, report warns

- Extreme heat, rise in temperatures and sea levels, and flood risks could threaten company's operations
22.11.2019 Upstream , Energy Security , Middle East-Africa

Oil loses gains after Trump questions China trade deal

- Losses follow crude prices gains during previous trading session as Russia renewed commitment to support OPEC
22.11.2019 Downstream , Stock Market , International Organization , Eurasia , Asia , Americas

Norway's petroleum sales decrease in October

- Country's total sales volume of petroleum products in October down year-on-year by 5.7% to 715 million liters
21.11.2019 Oil , Finance , Europe , General

Crude oil stocks in US rise slightly for w/e Nov. 15

- Commercial crude inventories increase by 1.4 million barrels
22.11.2019 Refining/Petro Chemistry , Americas

Oil slumps as US, China relations strain further

- Trump threatens to raise tariffs on China and US Senate passes bill to protect human rights in Hong Kong
21.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

Saudi Aramco's income higher than 9 oil majors combined

- Firm's earnings more than total of ExxonMobil, Chevron, ConocoPhillips, BP, Royal Dutch Shell, Total, Eni, Equinor, Rosneft
21.11.2019 Downstream , Invesments , Europe , Americas , Middle East-Africa

Norway's oil production for October above forecast

- October's preliminary figures show average daily output of 1.83 million barrels of oil, natural gas liquids and condensate
20.11.2019 Oil , Europe , General

Oil prices mixed with China's pessimism over trade deal

- So far, US slapped tariffs on Chinese imports worth $550 billion, while Beijing put tariffs on US goods worth $185 billion
20.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

Oil prices mixed despite positive US, China trade talks

- Two countries reported to have had "constructive discussions on each other's core concerns"
19.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

S.Arabia: Aramco sets IPO share price of 30-32 riyals

-Saudi oil giant puts preliminary valuation of between $1.6 trillion-$1.71 trillion
19.11.2019 Oil , Finance , Middle East-Africa , General

Iran's supreme leader backs fuel price hikes

-Protests broke out across Iran after government imposed petrol rationing, raised fuel prices
18.11.2019 Oil , Energy Diplomacy , Middle East-Africa , General

Oil rig count in US falls by ten this week

- Number of US oil rigs falls to 674
17.11.2019 Oil , Americas

Global number of electric cars hits 5 mln. in 2018: IEA

- Electric car sales up by 2 million in 2018, according to International Energy Agency
17.11.2019 Electricity , Transportation/Fuel Oil , World

'Ankara will continue to stand by Turkish Cypriots'

- Turkish Vice President Oktay attends official ceremony marking 36th anniversary of Turkish Republic of Northern Cyprus
18.11.2019 Natural Gas , Oil , Energy Diplomacy , Energy Security , International Organization , Energy Projects , General

Global oil production up in October

- OPEC crude oil production reaches 29.9 million barrels per day but forecast for 2020 will see fall in demand
16.11.2019 Oil , Finance , Middle East-Africa , General

Profitable Saudi oil to prompt demand for Aramco IPO

- "You are buying on the basis that it is highly profitable, and there is going to be demand for Saudi oil," expert says
16.11.2019 Refining/Petro Chemistry , Transportation/Fuel Oil , Oil , Energy Diplomacy , Energy Security , International Relations , Energy Projects , General

US crude oil production breaks new record

- Crude output reaches all-time high of 12.8 million barrels a day
16.11.2019 Upstream , Refining/Petro Chemistry , General

Global oil production up in October 2019

- In October, OPEC crude oil output shows increase of 943 thousand barrels per day to average 29.65 million barrels per day
15.11.2019 Oil , Finance , Middle East-Africa , General

Oil gains as US crude inventory draw less than estimate

- On demand side, pressure on crude could occur with rising dollar after Fed Chair's comments on potential end to rate hikes
15.11.2019 Refining/Petro Chemistry , Stock Market , Americas

EIA keeps oil price forecasts unchanged for 2020

- Brent crude estimated to average $60 a barrel next year
15.11.2019 Upstream , Stock Market , International Organization , Americas

Saudis to extract oil until last molecule: Energy Min.

- Saudi Arabia is working on a noble program to create a new way of using oil and gas
14.11.2019 Electricity , Oil , Projects , Energy Security , Energy Projects , Middle East-Africa

Oil down as Trump threatens China with more tariffs

- "... nobody’s cheated better than China," US President Donald Trump says
13.11.2019 Downstream , Stock Market , International Relations , Asia , Americas

Eastern Med: Turkey-led drill shows interoperability

- Dogu Akdeniz-19 provides advanced training opportunities to allied nations, says Pakistan navy captain
13.11.2019 Natural Gas , Oil , Energy Security , International Relations , Turkey

Oil recovers as Saudis to cut production for Aramco IPO

- Higher prices would benefit Saudi Aramco's initial public offering by rising investors' demand for company's shares
13.11.2019 Upstream , Stock Market , International Organization , Middle East-Africa

Iraq views Turkey as alternative for Basra oil exports

- Turkish investors can invest in energy projects to develop oil-rich city of Basra: advisor to Iraqi oil minister
12.11.2019 Oil , Middle East-Africa

Russia’s oil export volume up, revenue down in Jan-Sep

- Russia’s oil export volume increases by 3.3% to 197.6 million tonnes in Jan-Sep compared to same period last year
12.11.2019 Oil , Eurasia

Saudi Aramco to sell 0.5% in IPO to retail investors

- Oil reserves of company, estimated at 209 billion barrels, comes in as second largest in world after Venezuela
12.11.2019 Oil , Invesments , Energy Projects , Middle East-Africa

Oil down as Trump debunks US, China tariff roll back

- Crude prices down more than 1% as Trump says reports of tariff lift are "incorrect"
11.11.2019 Oil , Americas

Iran says injecting gas into 1,044 centrifuges

- Gas injection in Fordow was 4th step of decreasing Iran's commitment to 2015 nuclear deal
11.11.2019 Oil , Middle East-Africa

Iran finds new oilfield of massive size

- Iran says new oilfield has 53 billion barrels of reserves
12.11.2019 Oil , Middle East-Africa

Turkey:‘Declaring rights over Syrian oil is occupation’

-Those who say they will transfer resources of Syrian people to SDG are in favor of terrorism, says ruling AK Party spokesman
11.11.2019 Oil , Turkey , Americas

Oil rig count in US falls by seven this week

- Number of US oil rigs falls to 684
10.11.2019 Oil , Americas

Oil down slightly for week with oversupply, weak demand

- Oil prices fail to gain despite US-China trade optimism
09.11.2019 Upstream , Stock Market , International Relations , Asia , Americas

SOCAR AQS becomes Global Reporting Initiative member

- With Global Reporting Initiative Community membership, SOCAR AQS will apply high standards for transparency and reporting
09.11.2019 Natural Gas , Oil , International Organization , Asia , General

Oil retreats from highs with US, China deal uncertainty

- Technology transfer, intellectual property rights prevail as key topics to be hammered out in US-China trade deal
08.11.2019 Oil , Energy Security , International Relations , World

1 death, 1 injury at Syrian Banias refinery tank blast

- Explosion comes following Trump's remarks to not allow "reconstituted" Daesh to take over oil fields in northern Syria
08.11.2019 Oil , Energy Security , International Relations , Middle East-Africa

'Turkey's regulation aims to stem waste, not recycle'

- Over 26,000 institutions, more than 2 million people across Turkey were educated on zero waste, says expert
09.11.2019 Refining/Petro Chemistry , Turkey , General

US says Syrian oil revenues going to YPG/PKK-led SDF

- Pentagon denies proceeds going to US, maintains 'this is going to the SDF'
08.11.2019 Oil , Energy Diplomacy , Middle East-Africa , General
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11

  • Brent oil trades around $53 for week ending Dec. 21
1 / 1

Brent oil trades around $53 for week ending Dec. 21

  • up
Anadolu Agency

Corporate

  • History
  • Editorial Guideliness
  • Social Media Policies
  • Ethics Commission
  • Executive Team
  • Domestic Offices
  • International Offices
  • Media Center
  • Contact
  • Quality Management
  • Privacy and Cookies Policy
  • Information Policy
  • Diary
  • Subscription Requests
  • Announcement Service

  • Company News
  • Finance Terminal
  • Anadolu Images
  • Energy Terminal
  • News Academy

mobile services

  • IPhone Application
  • IPad Application
  • Android Application
  • Windows Application
We use cookies in a limited and restricted manner for specific purposes. For more details, you can see "our data policy".
Accept
© Anadolu Agency 2019