Somali Pirates Capture Oil Tanker
Reuters reported that a Greek-owned oil tanker was hijacked by Somali pirates while in the Arabian Sea, and is now heading to Somalia. It has nearly a million barrels of oil on board and had been heading to Turkey.
Articles Tagged "turkey"
Turkey to explore oil in the Black Sea
Turkey’s national oil company will explore for oil and natural gas with the American company in the Black Sea in the near future. For full story, click here
Exxon Mobil signed a deal with Turkey’s TPAO
Exxon Mobil Corp and Turkey’s state-run oil company, TPAO, signed a deal Wednesday for the joint exploration and development of oil and natural gas off its Black Sea coast. For full story, click here
Benchmark: August 18
Barrel prices were pushed gently northward in early trading on Monday, as a confluence of factors threatened supply and made it an attractive alternative investment. The dollar’s decline relative to the euro increased anti-inflation hedging activities in commodities.
SOCAR Calls Force Majeure On Azeri Ceyhan Oil Exports
Azerbaijan’s state oil company has declared force majeure on its exports of Azeri crude from Turkey, due to a fire at Baku-Tbilisi-Ceyhan crude oil pipeline. For full news, click here
