• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 1 day Energy Armageddon
  • 24 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 3 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 6 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 6 days The Federal Reserve and Money...Aspects which are not widely known
  • 6 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 5 hours Wind droughts
  • 7 days Goldman Betting on Cryptocurrencies
  • 10 days Сryptocurrency predictions

Breaking News:

EU Agrees To $60 Oil Price Cap

These Countries Have The Oldest Nuclear Reactors In The World

These Countries Have The Oldest Nuclear Reactors In The World

Switzerland, Belgium, and the United…

Aramco Refining Unit Plans Billion-Dollar IPO

Aramco Refining Unit Plans Billion-Dollar IPO

Saudi Aramco’s refining unit Luberef…

Turkey Halts Mediterranean Oil, Gas Survey On EU Sanctions Threat

Turkey has halted survey for oil and gas in the Mediterranean and had its survey vessel back to a Turkish port, days before European Union leaders are set to discuss the possibility of EU sanctions on Turkey over its intention to drill for oil and gas in waters that EU members Greece and Cyprus consider part of their territorial waters.  

The Turkish seismic survey vessel Oruc Reis has completed surveys in the Demre field in the eastern Mediterranean that began on August 10 and has now returned to the port of Antalya, the Turkish Energy and Natural Resources Ministry said on Twitter on Monday.

After a pause of a few weeks, Turkey resumed in mid-October survey activities for oil and gas in disputed waters in the eastern Mediterranean.

The Turkish drilling campaign in the Mediterranean has drawn criticism from Turkey’s neighbors, the European Union, and the U.S. State Department.

Tensions between EU members Greece and Cyprus on the one hand, and Turkey on the other, flared up again in recent months after Turkey resumed drilling and exploration for oil and gas in the eastern Mediterranean in waters that Greece and Cyprus consider part of their territorial waters.

The heightened tension in the eastern Mediterranean and the rift between Greece and Turkey, who are also both part of the NATO alliance, has had the EU consider possible sanctions on Turkey over the drilling in the eastern Mediterranean.

Ahead of the EU summit next week, France is has been reportedly pushing for sanctions on Turkey over its oil and gas exploration in the eastern Mediterranean.

“When the ship Oruc Reis is in port, as it is from today as far as I have been informed, that helps to reduce tensions and makes it easier to make progress also on deconfliction,” NATO Secretary General Jens Stoltenberg said on Monday, as carried by AP.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News