Petroleum in the United States

US strategic oil reserves fell to 434.1 million barrels, the lowest level since 1984. This was reported by Reuters, citing the US Department of Energy.

According to its information, oil reserves have decreased by 8.4 million barrels in the last week alone.

The U.S. government, under pressure to lower gas prices, announced on April 15 that it will resume the sale of leases for oil and gas drilling on federal lands while imposing new conditions, including the first hike in royalties in more than 100 years.

Turkey's total oil imports increased by 42.4 percent on an annual basis to 4.03 million tons in December 2021, according to data released by the Energy Market Regulatory Authority (EPDK) yesterday.

Crude oil imports, the category with the highest oil import volume, rose by 45.9 percent in December to 2.98 million tons, the energy watchdog said in its monthly report.

The oil tanker could carry up to two million barrels of oil per day

A large oil spill off the southern California coast left fish dead, birds mired in petroleum and wetlands contaminated, prompting local officials to call it an environmental catastrophe.

The U.S. Coast Guard, heading a clean-up response involving federal, state and city agencies, said on Sunday there was an around-the-clock investigation into how the spill occurred.

Turkey's total oil imports increased by 43.2 percent to 3.99 million tonnes in June compared to the same month of 2020, according to data of Turkey's energy watchdog on Aug. 26.

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In January of this year, the world oil market was in rough balance. The annual growth of world oil demand was essentially equal to the growth of world oil supply. Today, world oil supply exceeds demand by about one million barrels per day (about 1 percent of the world oil market). The accumulated imbalance during 2018 has grown world oil stocks and has now led to a sharp decline in prices.

Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.

Arco Vara AS will sell 100% of its subsidiaries Arco Vara Kinnisvarabüroo AS (Estonia) and Arco Real EOOD (Bulgaria) to the management teams in the two countries, according to a release on the company's website. The two companies will continue to work under Arco's trademarks as well as use databases and other intellectual property under an agreement signed for 5 years.

Greece's Energy Ministry announced on Tuesday it had selected a consortium made up of Hellenic Petroleum (HELPE), Total and Exxon Mobil to conduct hydrocarbon research off western and northwestern Crete, according to the state-run Athens-Macedonian News Agency (ANA-MPA).