Eyeing oil production boost, Libya to go for license bidding in 2025
Ahmet Turkoglu highlighted Libya’s offshore energy sector as a promising area for exploration and development,...

OPEC slashes global oil demand growth forecast for 2025
The global demand growth forecast for 2025 was also lowered by OPEC to 11.4 million barrels per day...
SOCAR Türkiye optimises group benefits through trade: Fuad Ibrahimov
SOCAR Türkiye is the only private sector player bringing in gas to the country from an alternative source...
Oil nudges up on escalating Ukraine war, signs of improving China demand
The rising conflict between Ukraine and Russia, two of the world's largest oil producers, seems to have helped prices...
Egypt in talks with foreign companies over long-term LNG purchases
LNG spot prices have recently increased to around USD 14.50 per million British thermal units, rising from approximately USD 12/mmBtu...
OPEC+ agrees to delay December 2024 output hike for one month
Due to a combination of rising supplies, weak demand, and declining prices, OPEC+ had already postponed the increase from October...