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Turkey's Botas, Total sign three-year LNG contract
- Deal will start in late 2020 and will be valid for 3 years
Oil prices down with surprise US gasoline stock buildup
- On supply side, OPEC+ widely expected to extend current production curb into second half of 2020
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
Spot market natural gas prices for Tuesday, June 2
- 1,000 cubic meters of natural gas in spot market costs 1,442 Turkish liras
Brent oil passes $40 a barrel with OPEC cut hopes
- Benchmark trading above that level for first time since March 6 when OPEC, allies failed to agree on deeper production cuts
OPEC, allies to meet on June 9-10 for oil market debate
- OPEC+ expected to discuss whether to extend or deepen the group's oil production cut that was agreed in April
Spot market natural gas prices for Monday, June 1
- 1,000 cubic meters of natural gas in spot market costs 1,422 Turkish liras
Baku-Tbilisi-Ceyhan p/line sends 3.4 bbl oil in 14 yrs
- Oil delivered via 1,776 kilometer-long pipeline loaded on over 4,500 oil tankers in Haydar Aliyev marine terminal in Ceyhan
Qatar to boost global LNG lead with $20 bln. ship deal
- Korean firms will build more than 100 ships for Qatar Petroleum
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Oil up as market eyes OPEC for extended production cut
- OPEC+ nations expected to extended oil output cut through July or August
Baghdad halts payments to KRG until oil deal is struck
-Iraq’s central government cuts Kurdish region’s spending as it fails to hand over 250,000 bpd of oil to federal government
Libya oil production comes to halt, affects economy
- Militia leader Haftar closes oil facilities in central, eastern Libya to hurt economy and put pressure on Tripoli
Spot market natural gas prices for Sunday, May 31
- 1,000 cubic meters of natural gas in spot market costs 1,444 Turkish liras
Iran oil exports up 32% over last 60-days
- Two million tons of non-oil products were also exported from Iran’s largest port, Shahid Rajaee, from March 21 to May 20
Turkey's gas consumption up by 2.9% in Q120
- Households constitute majority consumption of 7.9 billion cubic meters, data shows
Brent oil price up with further OPEC output cut hopes
- OPEC+ nations expected to discuss whether production curb in second half of 2020 should be deepened in face of weak demand
Spot market natural gas prices for Saturday, May 30
- 1,000 cubic meters of natural gas in spot market costs 1,456 Turkish liras
Spot market natural gas prices for Friday, May 29
- 1,000 cubic meters of natural gas in spot market costs 1,460 Turkish liras
US oil rig count falls eleventh week in a row
- In the past eleven weeks, the decline in US oil rig count totaled 461, according to the data
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Spot market natural gas prices for Thursday, May 28
- 1,000 cubic meters of natural gas in spot market costs 1,466 Turkish liras
Turkey's energy import bill down 59.8% in April 2020
- Country's crude oil imports decrease by 1.1% in April 2020 compared to same month of 2019
Brent crude price up with decline in US gasoline stocks
- Fall in US gasoline inventories suggests consumer demand is picking up
US crude oil stocks rise against market expectation
- Commercial crude oil inventories rise for first time after two consecutive weeks of decreases
Spot market natural gas prices for Wednesday, May 27
- 1,000 cubic meters of natural gas in spot market costs 1,460 Turkish liras
Turkey's LNG imports surpass pipeline gas for 1st time
- US LNG shows biggest increase of 300% in Turkey's imports in March, according to EMRA's data
Saudi, Russia agree on further oil output coordination
- 'President Putin, Saudi Crown Prince agree on further coordination on oil output adjustment,' OPEC says
Oil prices down as US-China tensions escalate
- On supply side, American Petroleum Institute estimates large crude oil inventory build of 8.7 million barrels
Spot market natural gas prices for Tuesday, May 26
- 1,000 cubic meters of natural gas in spot market costs 1,461 Turkish liras