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Turkey summons EU, Italian, German envoys over search of ship
- Diplomats of EU, Italy and Germany in Ankara summoned over controversial search of Turkish-flagged ship by EU mission
C02 hits record levels in 2019: Global weather body
- Carbon dioxide rose by nearly 50% since pre-industrial times, says World Meteorological Organization
Oil, gas discoveries resilient in 2020 despite pandemic
- In discovery volumes, Russia’s Gazprom leads with total discovery of 1.51 billion barrels of oil equiv.: Rystad Energy
Efforts underway to secure Libya's oil fields: UN envoy
- Oil field will be guarded by protection force as pilot project for safeguarding country’s oil fields
'Initiatives excluding Turkey in E.Med have no chance'
- Turkish Foreign Ministry to prepare annual reports on Islamophobia, anti-immigration, xenophobia: Country's top diplomat
G20 backtracks on fossil fuel funding phase-out
- G20 governments' fossil fuels support is likely to trend upwards via COVID-19 recovery programs this year, new study finds
US Fed keeps interest rate unchanged
- Central bank says economic activity, employment remain well below pre-pandemic levels
Libyan oil could take 1 yr. to hit pre-civil war level
- Oil prices may slide by $2-$3 per barrel if Libya returns to pre-civil war oil production, say analysts
Equinor sees 70% profit drop in 3rd quarter
- Weak prices due to pandemic impact financial results, company says
29.10.2020
Oil
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Libya permanent truce deal seems not reliable: Erdogan
- Libya cease-fire 'not at highest level', time will show how long it will persist at lower level, says Turkish president
Libya’s warring sides sign ‘permanent’ cease-fire deal
- UN special envoy Stephanie Turcos Williams welcomes signing of cease-fire agreement in Geneva
Turkey to continue energy search in Black Sea: Erdogan
- Fatih drill ship to start new operation at new possible natural gas well, says Turkish president
Turkish, Libyan businesspeople aim to expand trade
- In Libya-Turkey Business Platform, speakers stress 2 countries have potential to expand bilateral trade activities
Recovery of global oil demand to take at least 3 years
- Global oil demand is estimated to return to pre-crisis levels by 2023, according to IEA's report
15.10.2020
Oil
Libya aims to revive economic relations with Turkey
- Delegation from Libya to focus on restoring Turkish firms' confidence to resume activities, says head of business bodyBrussels briefing, Sept. 28
28.09.2020
Reports
Chinese firms worried about stocks on US markets
- US Senate bill wants 'to kick deceitful Chinese companies off US exchanges', but those firms have other markets to go
Libya to discuss maritime borders with Greece, Malta
- Libyan foreign minister to hold talks with Greek, Maltese officials to negotiate determination of maritime borders
New US relief bill talks to restart: Treasury chief
- Fed chair warns lack of congressional support would risk economic recovery
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US needs $900B annually to restore pre-COVID debt: CBO
- Return to pre-pandemic debt levels to require revenue increases, spending cuts totaling $900 billion per year for 25 years
Turkey blasts EU for sanctioning Turkish firm
- ‘It has no value in our sight to add our maritime company to the sanctions list,’ says Foreign Ministry
Turkey: Transport sector an economic driver amid virus
- Highway investments alone contributed more than $2.4B to Turkey's GDP this March to August, says transport ministerBrussels briefing, Sept. 21
21.09.2020
Reports
Libya: Haftar lifts blockade on oil production, export
- Warlord Khalifa Haftar rejects all the political initiatives to resolve Libyan crisis, sticking to military escalation
Haftar still obstacle to reach deal in Libya: Expert
- Talks in Morocco underway between Libyan rivals
COVID-19 to have lasting effect on global energy use
- COVID-19 will reduce global energy demand by 8% this year, according to newly released DNV GL report
Libya warns of risks with warship at Ras Lanuf port
- Military presence in Ras Lanuf port poses significant risks to oil installations, says National Oil Corporation
EU supports Libya's efforts to resume oil output
- Months-long blockade on ports and oil facilities imposed by Libya's warlord Halifa Haftar lifted on Aug. 19
Coal use must be progressively phased out: UN chief
- 'Virus, climate crisis raise fundamental questions about how to ensure health, well-being of people, planet,' says Guterres
29.08.2020
Coal