Thursday, April 2, 2026

Business - Page 21

Oil prices plunge on output hike by OPEC+, surplus looms

Oil prices fell more than 1% on Monday after major oil producers, members of OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more suppl...

EU unveils road map to phase out all Russian gas imports by 2027

The European Commission presented on Tuesday a new road map, conveying officially plans to cease all imports of Russian gas to the European Union by the end of 2027 in an effort to...

Oil price plunge could ease Türkiye’s current account deficit burden

Falling oil prices, driven by escalating trade tensions between the United States and China, could offer much-needed relief to Türkiye’s current account balance, according to analy...

Syrian energy minister calls for investment, lauds Türkiye’s support

Syria is open to foreign investment across its energy sector, from exploration to mining. It welcomes Turkish companies to participate in the country’s postwar reconstruction, acco...

OPEC+ agrees to boost output in June despite falling oil prices

Top oil producers, members of OPEC+, which includes the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia, have agreed to accelerate oil production...

Türkiye holds strategic position in global energy equation: Erdoğan

Türkiye holds a strategic position in the global energy equation due to its natural resources, geographical location and proximity to hydrocarbon reserves, President Recep Tayyip E...

Türkiye’s TPAO, MOL join forces to explore hydrocarbons in Hungary

Türkiye's state-run energy company, Turkish Petroleum Corporation (TPAO), and Hungary's MOL Group signed a concession agreement granting rights for joint hydrocarbon expl...

Türkiye rapidly becoming global player in mining: Energy Minister

Türkiye is making swift progress toward becoming a global actor in mining, which is now one of the cornerstones of economic security, Energy and Natural Resources Alparslan Bayrakt...

‘Extraordinary’ power outage hits Spain, Portugal

A large power outage hit across Spain and Portugal on Monday, including their capitals, knocking out subway networks, phone lines, traffic lights and ATM machines. The Spanish pow...

Spain, Portugal switch back on but huge blackout’s cause remains mystery

Spain and Portugal switched their power back on Tuesday after the worst blackout in their history, though authorities offered little explanation and many questions remained about w...

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