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Both India and China are importing Russian crude at a record pace. Energy Intelligence: at least 20 trading companies—but probably a lot more—are sending Russian oil around the world.
Russian oil is still finding its way to buyers around the world. But even those who spend their days tracking its movement across oceans struggle to work out exactly who is ferrying it.
On March 25, Turkey stopped pumping around 450,000 barrels per day (bpd) of Iraqi oil via the pipeline to Ceyhan. This comprised 370,000 bpd of KRG crude and 75,000 bpd of federal crude, a source ...
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Oil prices in flux around the world
The price of crude oil stabilized on Monday after Iran's limited retaliation against U.S. strikes on Iran's nuclear site and ...
Turkey is set for a runoff presidential election, potentially delaying the restart of a major pipeline connecting northern Iraq to the world market. That would bolster oil prices by holding back ...
Turkey's purchases of Russian Urals oil hit a seven-month high in May as Turkish refiners took advantage of low prices for the grade, Refinitiv Eikon data showed and traders said.
In 2024, Turkey produced 127,000 barrels per day (bpd) of crude, while it imported an equivalent of nearly 1 million bpd of oil and refined products, according to the country's energy ministry and ...
SIRNAK, Turkey - U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir Basin, the Turkish energy minister said.