The cost of producing gas in the newly discovered Black Sea gas field will be more affordable than current gas imports, Turkey's Energy and Natural Resources Minister Fatih Donmez said Wednesday.

UAE strategy targets an energy mix of 44% renewables, 38% gas, 12% clean coal, and 6% nuclear.

The OPEC+ agreement, along with declines in production elsewhere, including the United States, brought global supply lower than the level of global demand for the first time since mid-2019.

There has been international condemnation of Turkey's gas exploration offshore Cyprus,

The importance of the East Mediterranean's gas importance came to the fore in 2015 with ENI's discovery of the 30 Tcf supergiant Zohr field, helping bring the North African country back to self-sufficiency in gas in 2018.

Woodside, Santos and Oil Search put their expansion plans on ice when oil prices collapsed in March.

The Committee reviewed the crude oil production data for August 2020 and welcomed the positive performance in overall conformity for participating OPEC and non-OPEC countries of the DoC, which was recorded at 102% in August 2020, including Mexico as per the secondary sources.

Energy minister Alexander Novak said Russia "greatly values cooperation with OPEC," and that while overall compliance with the cuts is high, "I would like to urge everyone to view this very seriously and stick to the high level of conformity we were able to achieve."

ADNOC plans a 30% cut in October term volumes for all of its crude grades

Turkey's state-owned TPAO has drilled a handful of wells offshore Cyprus in the past year, and a seismic vessel has spent the past month surveying a large area in disputed waters between Cyprus and the Greek island of Crete.

ADNOC launched this placement due to significant investor demand for ADNOC Distribution stock and has delivered the largest block placement of a publicly listed GCC company to date.

Abu Dhabi, which sits on most of the UAE's oil and gas resources, is forging ahead with its renewable and nuclear power projects

Iraq's habitual non-compliance with its production quota has been a sore point within the OPEC+ alliance, with Saudi Arabia, Russia and others pressuring Iraq to improve its performance.

Iraq imports gasoline and diesel to meet its needs and many of its refineries are either old, dilapidated or were damaged during the 2013-2017 war against the Islamic State.

Saudi Arabia and Russia agreed to further closely coordinate their work on production cuts, trade and investments.