- China’s clean energy consumption will increase in 2050 as country is to consume less fossil fuel, according to a report by China National Petroleum Corporation
- Lawyer of Turkey's energy minister Berat Albayrak's refutes all the 'baseless' news stories and the claims over the involvement of Daesh oil transport
- The tanker named United Kalavrvta, which carries the disputed crude oil from northern Iraqi has left the U.S. Gulf of Mexico after six months and is now headed for Gibraltar
- It is impossible for Turkey to carry out any sort of oil trade with the Islamic State of Iraq and the Levant, Turkish customs and trade minister has said
- BHP Billiton, an Australian mining and petroleum company, is about to export light oil from the U.S., despite the 40-year-old American ban on exporting crude oil
- Spectra Energy proposes expansion of oil pipeline network from Wyoming to Illinois which will be operational in 2017 with capacity of 400,000 barrels per day
- Turkey's Transport Ministry says over 26,663 vessels pass through Istanbul's Bosphorus Strait, one of the world’s busiest waterways, in the first seven months of this year.
- With the overturning of U.S. court decision to seize tanker off Texas containing Kurdish oil, analysts believe this indicates a shift in U.S. policy towards the exporting of Kurdish oil without the approval of Baghdad.
- Storing the oil in offshore vessels and increasing the storage capacity in Turkey have been among the options until the international buyers become more confident about the legitimacy of the Kurdish oil, or the legal issues to be settled between the Iraqi Kurds and the central government in Baghdad.
Turkey has guaranteed that there will not be any problems in the transportation of the oil to global markets, Nechirvan Barzani, head of the Kurdish Regional Government, said Wednesday.
- Oil prices dropped to US$108 per barrel over confidence that Baghdad's southern oil fields would remain untouched by the Islamic forces thus improving prospects of a recovery in Libyan exports
– Israeli oil expert confirms Kurdish oil shipment went to Israel but says there are no long-term energy links between Kurdish Regional Government and Israel