Ankara is Opening Up Its Strategic Reserves
Ankara is Opening Up Its Strategic Reserves.
Minister of Energy of Turkey According to Alparslan Bayraktar, 11.6 million barrels of oil from Turkey's emergency reserves he will release it.
This decision comes amid intensifying war in the Middle East getting the increase in energy prices under control it is part of the international efforts in its direction.
This is essentially a signal to the market: if the geopolitical situation starts to put too much pressure on the energy sector, countries to intervene and reduce prices he's ready.
Additional oil volumes may stabilize prices temporarily, but the main question Oct.: How long will the conflict last and how will this affect the supply and the expectations of traders?
The energy market is once again entering a state of high turbulence.
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Source: Telegram "InfodefTURKEY"