Turkish President Erdogan announces 320 Bcm Black Sea gas discovery
Turkey has made a major gas discovery in its sector of the Black Sea with the Tuna-1 well, which is estimated to hold 320 Bcm of gas, Turkish President Recep Continue Reading
Thirteen of 15-member U.N. Security Council oppose U.S. push for Iran sanctions
The United States was further isolated on Friday over its bid to reimpose international sanctions on Iran with 13 countries on the 15-member U.N. Security Council expressing their opposition, arguing Continue Reading
Libya’s warring sides again declare a cease-fire. Will it last this time?
Libya’s two rival governments separately announced a cease-fire Friday and called for a demilitarized zone in the strategic city of Sirte, a decision welcomed by regional neighbors and Western powers Continue Reading
Iraq may lower reliance on Iranian gas, electricity next year: deputy prime minister
Iraq could lower its reliance on Iranian gas and electricity imports next year if OPEC’s second largest oil producer can implement multi-billion deals signed with US companies and attract Saudi Continue Reading
China Charters Tankers For 37 Million Barrels Of U.S. Oil
China has chartered tankers that could deliver as much as 37 million barrels of crude oil from the United States next month, Bloomberg reports , citing data from the Census Continue Reading
Coronavirus Further Complicates Shell’s Giant Floating Gas Project
Royal Dutch Shell RDS.A -1.63% PLC spent billions of dollars developing one of the world’s most challenging energy projects, a floating gas terminal five football fields long. The coronavirus pandemic is posing a Continue Reading
Some plants in Asia-Pacific considering halts
A number of refineries in Asia-Pacific are either halting operations or considering shutdowns given the uncertain outlook, including the Philippines’ Tabangao, Australia’s Geelong and New Zealand’s Marsden Point. Meanwhile, some Continue Reading
China Flooding Has Killed Hundreds and Tested Three Gorges Dam
Having brought the coronavirus pandemic largely under control, China’s leaders are now struggling with a surge of crippling floods that have killed hundreds of people and displaced millions across the Continue Reading
China’s Xi Jinping Declares War on Food Waste
The Communist Party’s “clean plate” campaign targets livestreaming extreme eaters, wasteful diners and others amid concerns about China’s ability to feed its 1.4 billion people. Chinese regulators are calling out Continue Reading
S&P 500, Nasdaq end at records after upbeat business surveys
The S&P 500 and Nasdaq closed at record highs on Friday, as data pointed to some pockets of strength in the U.S. economy. U.S. business activity snapped back to the Continue Reading