OPEC’s recent decision not to cut production makes sense for the long term, former OPEC Secretary General said Friday while dismissing claims that the oil cartel has lost influence over the global market. Speaking to The Anadolu Agency on the sidelines of the fifth Bosphorus Summit in...

(Reuters) - Libya's eastern Es Sider oil export port, the country's biggest, has been shut due to fighting nearby between forces representing the country's competing governments, an oil official said on Sunday. Air strikes on Saturday by forces loyal to Libya's recognized...

Genel Energy is due to begin transferring Iraqi natural gas to  Turkey by the end of 2017, and its volume thereafter will rise year on year, said Mehmet Sepil, president of Genel Energy. The Turkish Ministry of Energy and Natural Resources Taner Yildiz...

The American benchmark for crude oil price has dipped below the $60 per barrel mark, its lowest point in five years, on Thursday.  West Texas Intermediate dropped to $59.88 per barrel at 1930GMT, its lowest point since July 2009. ...