OIL & FUEL SECTOR NEWS HABERLERİ

Royal Dutch Shell is heavily investing in research and development of artificial intelligence (AI), which it hopes will provide solutions to some of its most pressing challenges. From meeting the demands of a transitioning energy market, urgently in... 

Venezuela is an energy rich country in the world, primarily in oil. However, the world giant is being condemned to starvation with the embargoes imposed by the countries. Therefore, the aim is to take control of the coup and control in Venezuela. The... 

Oil prices continued their ascent on Friday amid signs of supply cuts. Brent, the international benchmark, surged 4.1 per cent in recent trading to hit $58.23 a barrel. That equates to an 11.6 per cent rally this week, the highest since December 2016. The... 

1) Global coal demand will remain stable World coal consumption has never been higher than it was in 2013-14, but it seems that that level was a plateau rather than a peak. After declining over 2014-16, global coal demand started to pick up in 2017,... 

When you talk about disruptive technologies and how they are shaping the future of the oil and gas sector the focus is usually on upstream activities, but the downstream sector is also a fertile proving ground. As a sector, it has taken stock of what... 

1. US oil production exceeded expectations. A year ago, the Energy Information Administration estimated that US crude production would increase in 2018, below 600,000 barrels. This proved to be an inadequate statement: the actual increase was about 1.6... 

Oil and gas pipelines in Turkey, will be protected by a newly developed integrated security systems. Critical points against terrorism, sabotage and theft will be followed by 7/24 with indigenous UAVs and closed circuit camera subsystems. BOTAŞ’s... 

Sabanci University Istanbul International Center for Energy and Climate (IICEC) the IEA’s World Energy Outlook 2018 report, which hosted (World Energy Outlook 2018) Turkey has recently made a presentation meeting. Energy and Natural Resources Minister... 

It has been announced by Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Mr. Muhammed Barkindo, that it plans to publish a chart of the details of voluntary production cuts quotas for members of the OPEC that support their... 

Production cuts agreed by OPEC and its allies are on track to balance global oil markets in the first half of 2019, but more work may be needed after that.  If Saudi Arabia, Russia and other countries in the so-called OPEC+ coalition cut production by... 

China National Petroleum Corp (CNPC) has suspended investment in Iran’s South Pars natural gas project in response to U.S. pressure and to minimize tensions amid trade talks between Beijing and Washington, three Chinese state oil executives said. South... 

In its latest monthly oil market report, the International Energy Agency has revised its 2019 non-OPEC supply growth forecast down by 415,000 b/d to 1.5 million b/d, partly due to expected cuts from Russia agreed last week, and to lower growth in Canada. “By...