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Monday, January 27, 2020

US crude oil stocks decline for week ending Jan. 17

ANKARA  The U.S.' crude oil inventories decreased last week, according to data released by the Energy Information Administration (EIA) on Thursday. Commercial crude oil inventories declined by 0.4 million barrels, or...

EU commercial vehicle market improves in 2019

ISTANBUL The EU commercial vehicles market rose 2.5% year-on-year in 2019, posting a growth for the seventh consecutive year, an industry group said on Thursday. The number of new commercial vehicle...

Energy Info Admin. forecasts fall in oil prices in 1H20

ANKARA Crude oil prices are forecast to decline during the first half of 2020 but later increase through 2021, the U.S.' Energy Information Administration (EIA) said in a statement on...

Oil prices up 3% with tensions in Middle East

ANKARA  Crude oil prices were up by around 3% during Friday's trading start as rising tensions in the Middle East threaten secure crude supply from the region. International benchmark Brent crude...

Oil prices start 2020 higher as market awaits OPEC cuts

ANKARA Crude oil prices opened with gains during the new year's trading on Thursday as the global oil market awaits the impact of additional production cuts by members of OPEC...

Turkish Airlines expanding fleet, opening 4 new routes in 2020

ANKARA Turkish Airlines will open four new routes in 2020 as it expands and updates its fleet, according to the chairman of Turkey's flag carrier. "We finished all procedures to launch...

Turkish Airlines, Boeing reach compensation deal

ANKARA  Turkish Airlines and U.S. aircraft maker Boeing have agreed on compensation for losses from grounded and undelivered aircraft, Turkey's flag carrier announced in a statement on Tuesday. "Boeing will cover...

Turkey: Banking sector net profit at $8.1B in Jan-Nov

ISTANBUL The Turkish banking sector's net profits this January-November totaled 46.6 billion Turkish liras ($8.1 billion), the country's banking watchdog said Monday. The figure fell 8% year-on-year in the first 11...

Russia's Gazprom pays $2.9B to Ukraine's Naftogaz

Russia's state-owned energy company Gazprom paid Friday $2.9 billion natural gas compensation to Naftogaz, the national oil and gas company of Ukraine. "Naftogaz of Ukraine has confirmed receipt of $2.918...

Turkey to own patent rights to upcoming auto

ANKARA  Turkey will own the intellectual and industrial property rights of its first indigenous car, the Turkish industry and technology minister said on Thursday. The car prototype will be unveiled on...

Latest article

Military chopper crashes into Adriatic Sea in Croatia

BELGRADE, Serbia A military helicopter crashed into the Adriatic Sea in Croatia, according to the police. The Ministry of Defense said the casualties are still unknown. "The...

Somali woman promotes peace through art

MOGADISHU, Somalia  A famous young female Somali painter is speaking through her paintings across Somalia, and people are noticing. Nujuum Hashi Ahmed’s paintings are about the...

Turkey to build shelter areas in quake-hit Elazig

ANKARA Turkey is set to build temporary shelters to host 1,000 families affected by a deadly earthquake in eastern Turkey, the country's interior minister said...

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