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Qatar urges restraint over tension in Strait of Hormuz
- Doha administration 'concerned' over recents developments in strategic waterway
EU, European countries decry British ship seizure
- Iran seized British oil tanker Friday in tit-for-tat move
Iran seizes British oil tanker in Strait of Hormuz
- Iran says tanker was seized due to violation of maritime rules
Oil rig count in US falls by 5 to 779 this week
- Brent oil prices continued their upward trend on Friday as tensions between the U.S. and Iran intensify
Oil prices rise with US downing of Iran drone on Friday
- U.S. destroyed Iranian drone in Strait of Hormuz after it threatened an American warship on Thursday, U.S. President said
Turkish parliament ratifies 11th development plan
- Country to attach importance to energy and development policies, says Vice President Fuat Oktay
US crude oil inventories fall for w/e July 12
- Crude oil production decreases to 12 million barrels per day
Gazprom's gas production up 2.3% from Jan. 1 - July 15
- Gazprom's gas deliveries to Europe totals 102.8 bcm, down by 5.6% compared to same period in 2018
Oil prices show limited gains on Wednesday
- Official oil inventory figures from Energy Information Administration expected later in the day
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Turkey to continue exploration in E. Med with 4th ship
- Turkey has the capability to search, produce and transmit resources in region to international markets, says Energy Min.
Oil prices see limited rise on Tuesday
- Gulf of Mexico producers began restoring some output that was shut on Monday
Oil prices slightly up on Chinese economic data
- Tropical Storm Barry shut almost three-quarters of Gulf of Mexico production, while China posts slowest economic growth
Oil rig count in US falls by 4 this week
- Number of US oil rigs retreats to 784
Iran, Japan to barter oil for power plant upgrade
- €500 million contract will be signed in upcoming week, says CEO of Iran's Thermal Power Plants Holding Company
Oil gains weekly as dovish US Fed weakens dollar
- Federal Reserve's rate cut expectation lowers American dollar, and increases crude oil demand
Novatek increases gas sales by 23.7% in 2Q19
- Natural gas volumes sold in Russia in 2Q19 amounts to 15.11 bcm, whereas LNG volumes sold internationally reached 3.63 bcm
Lower global economic growth reduces oil demand: EIA
- Lower GDP growth expectation is one of main reasons for slower growth in global liquids consumption, US administration says
Global oil production tops 100 million barrels in June
- IEA estimates demand will rise by 1.4 million barrels per day year-on-year totalling 101.7 million barrels per day in 2020
Oil prices up as Gulf of Mexico storm cuts output
- Tropical Storm Barry is expected to make landfall Saturday on US' Louisiana coast -- a region with oil refineries
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Seasonally strong oil demand is expected in 2H19, OPEC
- Global oil demand growth is forecast at 1.14 million barrels per day for both 2019 and 2020
Global oil supply falls in June 2019
- OPEC crude oil production decreases by 68 thousand barrels per day to average 28.83 million barrels per day, data shows
Oil, gas exploration licenses up for grabs in North Sea
- Applications to be made by Nov. 12 with decisions expected in second quarter of 2020
Oil prices up with sharp decline in US crude stocks
- Rise in prices came after US crude oil inventories fell higher than expectation
US crude oil inventories fall for w/e July 5
- Crude oil production increases to 12.3 million barrels per day
Iran warns UK of 'repercussions' over tanker seizure
- UK says Iranian oil tanker believed to be carrying two million barrels of crude oil to Syria
Saudi Aramco awards oil, gas contracts worth $18B
- Company plans to boost Marjan and Berri fields’ output capacity by 550,000 barrels per day of oil
Oil prices rise with decline in U.S. oil stock data
- Official figures from U.S. government are due later on Wednesday
Local, renewables share in Turkey increases to 66% in 1H19
- Of 141.64 billion kilowatt-hours of electricity produced in first half, 93.77 billion is from local and renewable resources