Barrel

The oil production facilities in the Gabar Mountain region of Şırnak broke the record in the history of the Turkish Republic with a daily production of 40,000 barrels.

"Today is an important day in the history of Türkiye," Energy and Natural Resources Minister Alparslan Bayraktar said in a statement on April 11.

The returnee family Jankovi in the village of Blagaa in the municipality of Istok had an auxiliary building burned down, and the damage is estimated at four to five thousand euros.
Duan Jankovi says that many things were burnt in the fire.

Greece's Energean Group is anticipating a significant increase in natural gas production in 2023 after production started in the Karish field in Israel in October 2022.

Turkey increased oil imports from Russia, including Urals and Siberian Light grades, beyond 200,000 barrels per day (bpd)

World oil prices continue to go down, with the WTI down to $ 23 a barrel - a price the market last saw on March 6, 2002.

As of 7:19 pm Bulgarian time, the price of the May futures of the Brent North Crude fell to 11.7% to $ 25.37 a barrel. The price of the May futures of WTI oil fell 17.23% to $ 22.62 a barrel.

The U.S.' crude oil inventories increased higher than the market expectation last week, according to data released by the Energy Information Administration (EIA) on Feb. 5.

Crude oil prices were down on Jan. 8 having lost gains recorded in the previous sessions after U.S. President Donald Trump's comments to calm tensions in the Middle East.

"Iran appears to be standing down, which is a good thing for all parties concerned," Trump said on Jan. 8 amid Iran's attack on two locations in Iraq earlier in the day.

Crude oil prices were up around 2 percent at trading start on Jan. 6 with escalated tensions in the Middle East risking secure crude oil supply from the region.

International benchmark Brent crude was trading at $70.17 per barrel at 0630 GMT for a 2.3 percent jump after it closed on Jan. 3 at $68.60 a barrel with a 3.55 percent increase in intraday trading.

Design Boom  -  The london mastaba, a temporary sculpture by world-renowned artist christo, has opened in london's hyde park.the public work, which consists of horizontally stacked colorful barrels on a floating platform, will be on view until september 23, 2018 on the park's serpentine lake.

The price of oil fell during the Asian session after the reported surprise growth in US stocks. Impacts also came from expecting Organization of the Petroleum Exporting Countries and other manufacturers to decide if they will increase their production at the June meeting, Reuters reported.