IMF estimates inflation to gradually decline to target, though emerging market economies to remain in ‘double-digit territory’
<img itemprop="image" src="https://cdnuploads.aa.com.tr/uploads/enerjiterminali/Contents/2024/02/27/thumbs_m_c_6502a05c6aa1de1f65a6dfd65ca796e7.jpg?v=155223" width="265" height="160" alt="Libya's oil guards reopen country's oilfields after dispute over pay" class="img-responsive" /> Libya's oil guards reopen country's oilfields after dispute over pay - Libya holds Africa's largest crude reserves, but years of conflict has hobbled production, exports 27.02.2024 Oil , Refining/Petro Chemistry
<img itemprop="image" src="https://cdnuploads.aa.com.tr/uploads/enerjiterminali/Contents/2024/02/15/thumbs_m_c_73231021ca3e2922a7984b0892233541.jpg?v=134835" width="265" height="160" alt="India's Nayara Energy announces plans to double Gujarat refinery's capacity" class="img-responsive" /> India's Nayara Energy announces plans to double Gujarat refinery's capacity -Vadinar refinery currently boasts oil refining capacity of 20 million tons annually 16.02.2024 Oil , Refining/Petro Chemistry
<img itemprop="image" src="https://cdnuploads.aa.com.tr/uploads/enerjiterminali/Contents/2024/01/24/thumbs_m_c_1796dacaee91c1fe4fc680ebb4e18245.jpg?v=140740" width="265" height="160" alt="SABIC announces final investment decision on major petrochemical complex in China" class="img-responsive" /> SABIC announces final investment decision on major petrochemical complex in China - $6.4 billion project represents largest foreign investment in Fujian 25.01.2024 Refining/Petro Chemistry , Invesments
<img itemprop="image" src="https://cdnuploads.aa.com.tr/uploads/enerjiterminali/Contents/2024/01/12/thumbs_m_c_c49abdc547f4f2af71e34b07ccae53b5.jpg?v=164904" width="265" height="160" alt="Oil up over 1% during week ending Jan. 12 with heightened tension in Red Sea" class="img-responsive" /> Oil up over 1% during week ending Jan. 12 with heightened tension in Red Sea - Many shipping companies stopped their voyages in Red Sea, raising trade disruption concerns 14.01.2024 Oil , Refining/Petro Chemistry
<img itemprop="image" src="https://cdnuploads.aa.com.tr/uploads/enerjiterminali/Contents/2023/12/14/thumbs_m_c_7bf15ea1a35a278c1c1dd570f9cb44b8.jpg?v=124340" width="265" height="160" alt="US crude oil inventories down 1% for week ending Dec. 8" class="img-responsive" /> US crude oil inventories down 1% for week ending Dec. 8 - Inventories decrease by around 4.3 million barrels to 440.8 million barrels against market expectation of 1.5 million-barrel draw 15.12.2023 Oil , Upstream , Refining/Petro Chemistry , International Organization
Russia to spend over $11 billion to upgrade refineries by 2028 - Country's deputy premier says new capacities will boost gasoline and diesel production by 4 million tons and by 30 million tons per year, respectively 24.11.2023 Oil , Refining/Petro Chemistry
Aramco, TotalEnergies to jointly build petrochemicals complex for $11 billion -New facility is expected to have capacity to produce 1,650 kilotons per annum of ethylene and other industrial gases 26.06.2023 Oil , Refining/Petro Chemistry
Oil up with increased demand projections ahead of summer season - Analysts expect oil supply deficit from June with Asian countries driving growth in oil demand with about 2 million barrels per day 24.05.2023 Oil , Refining/Petro Chemistry , Stock Market
Oil increases over US strategic reserve replenishment plan - US government says offers for August delivery of 3 million barrels of “sour crude oil” will be submitted by May 31 16.05.2023 Oil , Downstream , Refining/Petro Chemistry
US oil rig count up for week ending April 21 - Number of US oil rigs rose by 42 compared to one year ago 24.04.2023 Oil , Refining/Petro Chemistry
Aramco inks $12.2B deal with China for refinery, petchem complex in NE China - Refinery with capacity of 300,000 oil barrels per day will be completely operational by 2026 28.03.2023 Oil , Refining/Petro Chemistry , Middle East-Africa
Energy transition drives 25% of top 20 mining merger & acquisitions in 2022, says GlobalData - Demand for metals like cobalt, nickel, and lithium increased due to clean energy transition requirements 02.03.2023 Electricity , Finance , Refining/Petro Chemistry
EU ambassadors agree on price cap for Russian oil products - Import ban tales effect Feb. 5 05.02.2023 Oil , Refining/Petro Chemistry , World
Uganda unveils 1st oil production drilling rig in East Africa - Kingfisher oil drilling rig launched at ceremony attended by President Museveni 26.01.2023 Oil , Upstream , Refining/Petro Chemistry
Oil up over demand euphoria in China -Further price increases are limited as American Petroleum Institute reports build in US crude stockpiles, signaling falling demand in country 26.01.2023 Oil , Refining/Petro Chemistry , Oil
Oil prices retreat on US recession fears, slow growth in China - Rising demand in Asian market offsets concerns about potential recession in US 24.01.2023 Oil , Refining/Petro Chemistry , Transportation/Fuel Oil
Brent up over 1% in week ending Jan. 20 - Optimism over recovery in Chinese demand largely offset fears of global economic slowdown 23.01.2023 Oil , Refining/Petro Chemistry , Stock Market , Asia
Aramco, Sinopec to colloborate on petrochemical complex in China -Deal comes after two companies ink memorandum of understanding to investigate feasibility of a new petrochemical complex in Saudi Arabia 20.12.2022 Oil , Refining/Petro Chemistry , Asia , Middle East-Africa
Aramco, TotalEnergies to build petrochemical complex in Saudi Arabia - Project is scheduled to begin earlier next year with commercial operation targeted to start in 2027 17.12.2022 Oil , Refining/Petro Chemistry , General
Belarus plans to use Russian ports for petroleum products export - Minsk will export its petroleum products via Russia's northwestern and southern ports, official says 25.11.2022 Refining/Petro Chemistry , World , Europe
EU postpones decision on Russian oil ban, says Serbia president - Decision delayed until Dec. 1, says Aleksandar Vucic, criticizing Croatia over move to include Belgrade in EU sanctions measure against Russia 09.10.2022 Oil , Refining/Petro Chemistry , Energy Projects , Europe
Oil prices mixed over supply uncertainties - OPEC+ agreed to cut production by 2 million barrels per day, while US to deliver another 10 million barrels from strategic petroleum reserve 07.10.2022 Downstream , Refining/Petro Chemistry , Transportation/Fuel Oil , Oil
US says OPEC+ 'aligning' with Russia following production cut - White House warns that bloc's decision will have negative effects on low-, middle-income nations 07.10.2022 Oil , Refining/Petro Chemistry , Oil
US crude oil inventories down 0.3% for week ending Sept. 30 - Inventories fall by around 1.4 million to 429.2 million barrels against market expectation of 1.77 million-barrel drop 07.10.2022 Oil , Refining/Petro Chemistry , Transportation/Fuel Oil
US crude oil inventories up 0.3% for week ending Sept. 16 - Inventories increase by around 1.1 million to 430.8 million barrels against market expectation of 2.32 million-barrel rise 23.09.2022 Downstream , Refining/Petro Chemistry , Transportation/Fuel Oil , Stock Market , Americas
Aramco to develop major refinery, petrochemical complex in China - Liquids-to-chemicals complex in Panjin, to start in 2024, will help will help meet China's growing demand for energy and chemical products 12.03.2022 Oil , Refining/Petro Chemistry , Asia , Middle East-Africa
Saudi Aramco signs crude supply deal with Egyptian petrochemicals firm - Aramco will supply 100,000 barrels per day of Arabian Crude to planned refining and petrochemical complex in Egypt’s Suez Canal Economic Zone 16.02.2022 Oil , Refining/Petro Chemistry , World , Middle East-Africa
Turkey's Tupras to invest $10B by 2050 as part of Strategic Transition Plan - Company kickstarts its strategic transition roadmap to become carbon neutral by 2050 26.11.2021 Oil , Refining/Petro Chemistry , Türkiye
Russian petchem giant SIBUR to boost investments to meet greater Turkish demand - Turkey has always been important region for SIBUR, says company’s Executive Director for Marketing and Sales 14.10.2021 Refining/Petro Chemistry , World
Aramco, SABIC to realign petchems & fuel product sales - Saudi Arabia’s national oil firm Aramco bought 70% stake in chemical manufacturer SABIC for $70 billion in June last year 30.04.2021 Oil , Refining/Petro Chemistry , Middle East-Africa
Turkey, TRNC ink oil, electricity cooperation protocols - Turkey considers energy supply security of Turkish Republic of Northern Cyprus as similar to that of Turkey: Energy minister 30.04.2021 Electricity , Refining/Petro Chemistry , Invesments , Energy Diplomacy , Türkiye
Oil prices rally over demand recovery optimism -Less-than-expected rise in US crude stocks also helps upward price trend 29.04.2021 Oil , Refining/Petro Chemistry
Oil prices up by over 2% for week ending April 2 - Cautious OPEC+ output decision and fall in US oil inventories support rise of oil prices 03.04.2021 Oil , Upstream , Refining/Petro Chemistry , Transportation/Fuel Oil
Oil prices up over OPEC+’s cautious output ease - Rapid increase in Eurozone manufacturing sector's PMI in March also reflects positively on oil prices 03.04.2021 Oil , Refining/Petro Chemistry , Stock Market , Energy Projects
EU halts sanctions for more Turkish oil firm officials - EU has frozen expansion of list of sanctions on officials of Turkish Petroleum Corporation, say EU diplomats 19.03.2021 Oil , Refining/Petro Chemistry , Energy Diplomacy , Energy Projects , Europe
Brent oil price down 0.56% for week ending Feb. 19 - After oil prices rise due to weather-related supply disruptions in Texas, falling demand in refineries causes price drops 20.02.2021 Oil , Refining/Petro Chemistry , Energy Projects , Americas
US crude oil inventories fall for week ending Feb. 12 - Commercial crude oil stocks decrease by 7.3 million barrels, higher than market expectation of 2.2 million-barrel draw 20.02.2021 Oil , Refining/Petro Chemistry , Americas
Turkey's Petkim profits up 36% year-on-year in 3Q20 - Company's profits reach 311 million Turkish liras in third quarter of 2020 06.11.2020 Refining/Petro Chemistry , Türkiye
Iran moves from oil to petrochemicals in export - Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue 10.08.2020 Refining/Petro Chemistry , Invesments , Middle East-Africa
Oil prices up with estimated decline in US crude stocks - Forecast of US crude inventory fall signals increases in US oil consumption 29.07.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Americas
US crude oil stocks rise against market expectation - Commercial crude oil stocks increase by 4.9 million barrels, against market forecast of 2.1 million barrel decline 23.07.2020 Refining/Petro Chemistry , Americas
Halting oil production costs Libya more than $7B - Groups linked to warlord Haftar shut production since mid January, says National Oil Corporation 18.07.2020 Oil , Refining/Petro Chemistry , Middle East-Africa
US crude oil stocks increase against market expectation - Commercial crude oil stocks rise by 5.7 million barrels, against market forecast of a decline of 3.1 million barrels 09.07.2020 Refining/Petro Chemistry , Americas
Oil prices down with estimate of US crude stock buildup - Crude oil inventories in US are expected to rise by 2.05 million barrels for week ending July 3 08.07.2020 Refining/Petro Chemistry , Stock Market , Americas
'Foreigners enter Sidra oil field': Libyan oil company - National oil company says El Sharara oil field was occupied by Russian security company Wagner's mercenaries 25 days ago 07.07.2020 Oil , Refining/Petro Chemistry , Energy Security , Energy Projects
Oil prices up around 5% for week ending July 3 - US commercial crude oil inventories signal rising demand in world's largest oil consuming country 05.07.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Americas , Middle East-Africa
US crude oil stocks fall more than market expectation - Commercial crude oil inventories decrease by 7.2 million barrels, higher than market forecast of 0.7 million barrels 02.07.2020 Refining/Petro Chemistry , Americas
Oil up with estimate of large US crude stock withdrawal - Crude oil inventories in US are expected to decline by 8.1 million barrels for week ending June 26 01.07.2020 Refining/Petro Chemistry , Stock Market , Americas
BP sells its petrochemical business to INEOS for $5B - Aromatics and acetyls constitute BP’s petrochemicals business with 9.7 million tonnes of production in 2019 30.06.2020 Refining/Petro Chemistry , Europe
US refinery capacity sets new record in 2019 - Total of 135 refineries operable in US last year 30.06.2020 Oil , Refining/Petro Chemistry , Americas
UPDATE - US sanctions 5 Iranian captains for helping Venezuela - Captains accused of delivering nearly 1.5M barrels of Iranian gasoline, related components to Venezuela 26.06.2020 Refining/Petro Chemistry , International Relations , Americas , Middle East-Africa
US crude oil stocks rise more than market expectation - Commercial crude oil inventories increase by 1.4 million barrels, higher than market forecast of 0.3 million barrels 25.06.2020 Refining/Petro Chemistry , Americas
Oil down with US stock rise, ahead of OPEC tech meeting - OPEC's Joint Ministerial Monitoring Committee to discuss members' oil output compliance later Thursday 18.06.2020 Refining/Petro Chemistry , Stock Market , International Organization , Americas , Middle East-Africa
Iran’s export of petchem products down 29% in 2019 -Country’s total petrochemical revenue last year totals $15 billion, says deputy petroleum minister for petrochemical affairs 17.06.2020 Oil , Refining/Petro Chemistry , Middle East-Africa
US crude oil stocks rise against market expectation - Commercial crude oil inventories increase by 5.7 million barrels, but market forecasted fall of 1.7 million barrels 11.06.2020 Refining/Petro Chemistry , Americas
Oil down with estimate of large US crude stock buildup - Crude oil inventories in US expected to increase by 8.4 million barrels for week ending June 5 11.06.2020 Refining/Petro Chemistry , Stock Market , Americas
US crude oil stocks fall against market expectation - Commercial crude oil inventories decline by 2.1 million barrels, while market estimate was rise of 3 million barrels 05.06.2020 Refining/Petro Chemistry , Americas
US crude oil stocks post second decline since January - Commercial crude oil inventories fall for second time after 15 consecutive weeks of increases 22.05.2020 Oil , Refining/Petro Chemistry , Stock Market , Energy Projects , Americas
US to buy oil for strategic reserve to test market - An initial 1 million barrels of crude oil to be bought for strategic petroleum reserve 17.05.2020 Refining/Petro Chemistry , Oil , Energy Security , Americas
Petrofac considers cost cuts of $125 million in 2020 - Energy company will also delay majority of 2020 tenders until 2021 16.05.2020 Upstream , Refining/Petro Chemistry
US crude oil stocks post first decline since January - Commercial crude oil inventories fall for first time after 15 consecutive weeks of increases 14.05.2020 Refining/Petro Chemistry , Americas
Saudis to hike VAT to support coronavirus-hit economy Kingdom to suspend cost of living allowance as part of austerity measures 12.05.2020 Refining/Petro Chemistry , Stock Market , Energy Diplomacy , Energy Security , International Organization
US crude oil inventories show rise for w/e May 1 - Commercial crude oil stocks increase by 4.6 million barrels 07.05.2020 Refining/Petro Chemistry , Americas
Weak fuel demand causes refinery run declines in US - As US motor gasoline and jet fuel consumption falls to lowest level since 1991, refiners change mix of petroleum products 07.05.2020 Refining/Petro Chemistry , Energy Security , Americas
Oil prices down with expectation of US crude build-up - Crude oil inventories in US estimated to increase by 8.44 million barrels for week ending May 1 06.05.2020 Refining/Petro Chemistry , Stock Market , Americas
US crude oil inventories show strong rise for w/e April 24 - Commercial crude oil stocks rise by 9 million barrels 30.04.2020 Refining/Petro Chemistry , Americas
Low liquidity, limited storage push WTI below zero: EIA - As of April 17, crude oil inventories in Cushing, Oklahoma totaled 60 million barrels, implying crude storage was 76% full 30.04.2020 Refining/Petro Chemistry , Stock Market , Americas
Oil up as US crude stocks due to fall short of estimate - US estimates addition of 9.98 million barrels in crude stocks, but market estimate is rise of 10.62 million barrels 30.04.2020 Refining/Petro Chemistry , Stock Market , Americas
Brent oil may soon hit below $10 a barrel: Experts - Brent to continue to fall under weight of oversupply across globe as storage space runs out, one expert says 22.04.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas
Saudi Aramco refutes reports of change in payment terms - Some media outlets report firm offered Asian, European refineries the right to delay crude cargo payments for up to 90 days 16.04.2020 Refining/Petro Chemistry , Oil , World
US crude oil inventories show strong rise - Commercial crude oil stocks rose by 19.2 million barrels, compared to market estimate of 11.7 million barrels increase 18.04.2020 Refining/Petro Chemistry , Americas
Brent oil trading below $30, after 6% drop on Tuesday - With low oil consumption and rising oversupply, producers are having hard time storing excess amounts of crude 15.04.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Americas
US to award 23 million barrels oil storage for 9 firms - Most deliveries to be received in May and June 2020, with possible early deliveries in April, US energy secretary says 15.04.2020 Refining/Petro Chemistry , Oil , Americas
OPEC deal to prevent global oil storage rise: Experts - Curbs would slow build-up in storage and avoid supply surplus over second quarter, one analyst says 11.04.2020 Refining/Petro Chemistry , Energy Security , Americas
Oil prices down as OPEC meeting postponed - Teleconference to be held on Thursday as tensions between OPEC+ heavyweights Saudi Arabia, Russia continue 06.04.2020 Oil , Refining/Petro Chemistry , Energy Security , International Organization , Energy Projects
US crude oil inventories show strong increase - Commercial crude oil stocks rose by 13.8 million barrels, compared to market estimate of 4 million barrels increase 03.04.2020 Refining/Petro Chemistry , Americas
Oil prices down with US crude buildup estimate -Crude stocks in US are estimated to have risen by 10.48 million barrels, higher than market expectation of 4 million barrels 01.04.2020 Refining/Petro Chemistry , Stock Market , Americas
Turkey's oil imports up 12.7% in January 2020 - Production of oil refinery products increases by 23.72% to 2.88 million tonnes in January 2020 28.03.2020 Oil , Downstream , Refining/Petro Chemistry , International Organization , Energy Projects , Türkiye
US crude oil inventories show less-than-expected rise - Commercial crude oil stocks rose by 1.6 million barrels, compared to market estimate of 2.77 million barrels increase 26.03.2020 Refining/Petro Chemistry , Americas
Total to release urgent action plan for low oil prices - Total aims to combat low oil prices due to coronavirus outbreak 24.03.2020 Oil , Refining/Petro Chemistry , Europe
‘Crude oil to outrun storage capacity in few months’ - Production outstrips demand by 6 million barrels per day, equal to 2 billion barrels storage needed in 2020: Rystad Energy 23.03.2020 Upstream , Downstream , Refining/Petro Chemistry
Developing states to lose up to 85% oil, gas pay in '20 - Heads of International Energy Agency, Organization of Petroleum Exporting Countries discuss global oil markets over phone 18.03.2020 Upstream , Downstream , Refining/Petro Chemistry
Turkey halts ethanol-mixed fuel for more disinfectants - Move to raise ethanol production capacity to boost disinfectant production as measure against spread of coronavirus 16.03.2020 Refining/Petro Chemistry , Oil , Türkiye
US crude oil inventories show more-than-expected rise - Commercial crude oil stocks rose by 7.7 million barrels, compared to market estimate of 2.3 million barrels increase 12.03.2020 Refining/Petro Chemistry , Americas
Low oil prices to curb Turkey's $12B energy imports - Inflation to drop by 1% if oil stays around $35 per barrel, expert says 12.03.2020 Refining/Petro Chemistry , Projects , Türkiye
US strikes Russian oil firm from sanctions list - Independent Petroleum Company removed from North Korea sanctions list after being added in 2017 03.03.2020 Oil , Refining/Petro Chemistry , Energy Diplomacy , Energy Security
Oil rallies after going below $50/bbl amid pandemic fears - Oil prices at lowest levels in 14-months with worries amid low global oil demand causing rise in glut of supply 28.02.2020 Oil , Refining/Petro Chemistry , Transportation/Fuel Oil , Energy Diplomacy , Energy Security , Middle East-Africa
US crude oil inventories show less-than-expected rise - Commercial crude oil stocks rose by 0.5 million barrels, compared to market estimate of 2.5 million barrels increase 27.02.2020 Refining/Petro Chemistry , Americas
US crude oil inventories show less-than-expected rise - Commercial crude oil stocks rose by 0.4 million barrels, compared to market estimate of 2.5 million barrels increase 22.02.2020 Refining/Petro Chemistry , Americas
Oil steady with virus fears and rise in US crude stocks - Crude inventories in US are estimated to increase by 4.2 million, API figures show 21.02.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas
US crude oil stocks, production up for w/ending Feb. 7 - Crude oil output returned to record high level of 13 million barrels per day last week 13.02.2020 Refining/Petro Chemistry , Americas
Oil steady as market awaits OPEC cut against low demand - Coronavirus outbreak continues to lower demand and put downward pressure on prices 11.02.2020 Oil , Refining/Petro Chemistry , Transportation/Fuel Oil , Energy Diplomacy , Energy Projects
US crude oil stocks rise much higher than expectation - Commercial crude inventories jump by 3.5 million barrels, compared to market estimate of rise of 482,000 barrels 31.01.2020 Refining/Petro Chemistry , Americas
Oil prices up with surprise crude inventory draw - US crude oil stocks estimated to decline by 4.27 million barrels for week ending Jan. 24 30.01.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas
US crude oil stocks decline for week ending Jan. 17 - Commercial crude inventories fall by 0.4 million barrels 25.01.2020 Refining/Petro Chemistry , Americas
US crude oil inventories rise for week ending Jan. 3 - Commercial crude inventories increase by 1.2 million barrels 10.01.2020 Refining/Petro Chemistry , Americas
Oil prices exceed other commodities in 2019: EIA - Last year saw Brent crude rise by 22.7%, and West Texas Intermediate (WTI) jump 34.4% 08.01.2020 Refining/Petro Chemistry , Stock Market , Americas
US crude oil stocks decline for w/ending Dec. 20 - Commercial crude inventories decline by 5.5 million barrels 29.12.2019 Refining/Petro Chemistry , Americas
Oil prices up with decline in US crude stocks - Crude prices up 1% before Christmas break 26.12.2019 Refining/Petro Chemistry , International Relations , Asia , Americas
Highlights of global energy market in 2019 - Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019 22.12.2019 Electricity , Natural Gas , Oil , Nuclear , Thermal , Lng/Lpg , Refining/Petro Chemistry , Wind , Solar , Hydro , Geothermal/Biomass , Projects , Oil , Natural Gas , Electricity , Energy Diplomacy , Energy Security , International Relations , News from companies , World , Türkiye , Europe , Eurasia , Americas , Middle East-Africa , General
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
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