Post Tagged with: "Oil"

Turkey’s Crude Oil Imports Surges 24.26%

Turkey’s Crude Oil Imports Surges 24.26%

The crude oil imports of Turkey surged 24.26% to 2 million 376 thousand 602 tons in January 2017 over the same month last year. Turkey’s Energy Market Regulatory (EMRA) announced monthly oil market sector report. According to this report, the total refinery oil products increased 5 percent to 2 million […]

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World Oil Demand Seemingly Increases By 94.4 mb/d

World Oil Demand Seemingly Increases By 94.4 mb/d

World oil demand in 2016 is seen increasing by 1.24 mb/d to average 94.40 mb/d, according to the report posted by Organization of Oil Exporting Countries. The OPEC Reference Basket slipped slightly in September to $42.89/b, down 21¢. ICE Brent ended up 8¢ at $47.24/b and NYMEX WTI increased 43¢ […]

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World Has Enough Oil And Energy Resources

World Has Enough Oil And Energy Resources

“The market remains oversupplied and stock levels have risen above their five-year average, we are hopeful that the industry will see a more balanced oil market in 2016” OPEC Secretary General HE Abdalla S. El-Badri delivered a speech at the Executive Plenary Session of the Kuwait Oil and Gas Show and Conference, 11 October 2015, Kuwait. Beginning by thanking […]

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Crude Oil Plunges Sharply In August

Crude Oil Plunges Sharply In August

Crude oil futures plunged sharply again to multi-month lows, with ICE Brent ending at $48.21/b and Nymex WTI at $42.89/b, according to Organization of the Petroleum Exporting Countries (OPEC)   The OPEC Reference Basket fell below $50/b in August to average $45.46/b, mostly attributed to sell-offs amid enduring oversupply and Chinese economic turbulence. Crude oil futures plunged sharply again […]

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Turkey’s Oil Bill Diminishes

Turkey’s Oil Bill Diminishes

In January 2015, when crude oil price decreased up to $47,9 a barrel on average, Turkey’s oil imports reached last 7-year high Turkey’s oil imports showed a remarkable increase depending on plunging prices. This year, the highest oil imports were carried out in last 7-year due to oil prices decreased […]

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