Turkish President Recep Tayyip Erdogan announced that state energy company Tpao has found 135 billion cubic meters of gas at the Amasra-1 offshore well, bringing the total amount of deposits discovered in the Black Sea over the past year to 540 billion cubic meters. SourceContinue Reading

WTI Nears $70 As Bulls Run Rampant | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Jun 04, 2021, 2:00 PM CDT Oil bulls are out in force as OPEC+ succeeds in draining global inventories...Continue Reading

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 04, 2021, 1:30 PM CDT Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian...Continue Reading

Peak Oil Demand May Be Ten Years Away | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jun 04, 2021, 12:30 PM CDT The world is past peak coal consumption and may reach...Continue Reading

U.S. Rig Count Falls As Drillers Show Discipline | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Jun 04, 2021, 12:14 PM CDT Baker Hughes reported on Friday that the number of...Continue Reading

Africa’s Oil Nations Push Against Global Drive To Shun Oil And Gas | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jun 04, 2021, 11:00 AM CDT Africa’s largest oil producers...Continue Reading

Traders Rush To Ship Masked Venezuelan Crude To China | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Jun 04, 2021, 10:00 AM CDT Commodity traders are in a rush to ship as much Venezuelan heavy crude to China as possible before a new fuel tax...Continue Reading

Uganda Picks Four Firms For New Oil Exploration Round | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – Jun 04, 2021, 9:30 AM CDT Uganda has shortlisted four companies for an exploration round...Continue Reading

Oil Prices Poised For A Breakout As WTI Nears $70 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Jun 04, 2021, 9:00 AM CDT Oil prices were rising early on...Continue Reading

Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected after crude surged above $70 a barrel and OPEC forecast that global demand would heavily outstrip supply over the rest of the year. SourceContinue Reading