Markets at the End of the Week

The Standard & Poor’s 500 index closed lower on Friday after a volatile session as investors took into account increased cases of Covid-19 and Apple’s announcement to close new stores,…

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Oil Continues to Lose Value

June futures for WTI American oil are rapidly losing value, on Tuesday the price at the auction reached $ 6.55 per barrel, the price of Brent fell to $ 17.52…

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The Price of Brent Crude Oil Fell Below $ 28 Per Barrel

Hülya Karahan: Production Editor istanbulpostcomtr@gmail.com The price of Brent crude oil fell below $ 28 per barrel for the first time since January 2016. The price of May futures for…

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Oil Prices Fall by 30% in One Day

Hülya Karahan: Production Editor istanbulpostcomtr@gmail   The three-year OPEC + production reduction agreement led by the Organization of Petroleum Exporting Countries (OPEC) led by Saudi Arabia and Russia and other…

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Venezuelan Footprint in Chinese Oil Imported Cargoes

Analysts and traders explaining the abnormal growth in Chinese oil imports from Malaysia say the oil is either derived from ship-to-ship shipments from Venezuela or blended with Venezuelan crude. While…

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Global Markets on Friday Faced a Sharp Rise in Gold and Oil Prices

Hülya Karahan: Production Editor istanbulpostcomtr@gmail.com In the wake of the US act of the killing of the powerful Iranian general Qassim Suleimani affected global markets on Friday faced a sharp…

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Trump: “I love Oil We are Cooperating with the Kurds as we Work With Turkey and any Other Countries. “

US President Donald Trump has said he wants US troops in Syria to return home, saying his country has secured oil fields in northeastern Syria. Trump: We want the countries…

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SNC Wins $ 52 Million Oil Contract in United Arab Emirates

SNC-Lavalin announced Monday that it has secured a $ 52 million contract from Al Yasat Petroleum Joint Venture formed by Abu Dhabi National Oil Company and China National Petroleum Corporation…

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Saudi Oil Exports Rise to the World’s Largest Crude Importer

China’s imports, the world’s largest crude oil importer, rose 43 percent last month, returning Saudi Arabia to the world’s second largest crude oil supplier driven by rising demand from new…

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Saudi Arabia: “We Welcome the US Decision to Impose A Moratorium on Importing Oil from Iran”

The Saudi foreign minister welcomed the US decision to compel its allies to stop importing oil from Iran. “Saudi Arabia fully supports the move,” he said, “because it is necessary…

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Russia Cuts Oil Production in Line with OPEC Agreement

Russian Energy Minister Alexander Novak told reporters in Moscow today that his country is cutting oil production in line with the global production agreement between OPEC and its allies. The…

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India will start Buying Oil from Iran in Rupees

 From November, İndia will start buying oil  from Iran in rupees rather than in euros. India will settle Iranian oil payments with local rupee  beginning in November, as US sanctions…

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