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TR🏛️ PoliticsCenter6 hr. ago

Tariffs on Brazil take effect as US readies fresh flurry

The article provides several economic updates from Turkey, highlighting various sectors and developments. It mentions that Turkey is becoming a preferred destination for Russian real estate investors due to its infrastructure and quality of life. The country's top 500 IT companies saw a 40% increase in revenues in 2025. Natural gas and oil imports rose slightly in May. Finance Minister Mehmet Şimşek emphasized fiscal discipline and disinflation efforts. Crude oil prices reached a one-month high due to U.S.-Iran tensions, and new conflicts in the Middle East kept Eurozone central bankers cautious. Turkey plans to invest 187.5 billion lira in the manufacturing sector through 2028. External assets stood at $404 billion as of May. West African leaders approved a Nigeria-Morocco gas pipeline. Inflation expectations in Turkey slightly increased in July.

Türkiye's natural gas and oil imports rose nearly 3 percent compared to the same period last year, according to data released by the Energy Market Regulatory Authority (EPDK). The increase was recorded in both natural gas and petroleum product imports, reflecting a slight uptick in energy demand during May. Natural gas imports climbed 2.95 percent year-on-year to around 3.64 billion cubic meters, while total oil and petroleum product imports rose 2.97 percent to 4.09 million tons. These figures were published in monthly sector reports detailing the country's energy import trends. The breakdown of natural gas imports showed that Türkiye received 3.26 billion cubic meters through pipeline infrastructure and 387 million cubic meters via liquefied natural gas (LNG) terminals. Combined, these totals amounted to nearly 3.64 billion cubic meters of natural gas imported in May. Pipeline deliveries accounted for the majority of the supply, with Russia being the leading provider, supplying 1.27 billion cubic meters. Azerbaijan followed closely behind with 1.03 billion cubic meters, and Iran contributed 951 million cubic meters. For LNG imports, Algeria emerged as the top supplier with 282 million cubic meters, surpassing the United States, which delivered 105 million cubic meters. Total natural gas consumption in Türkiye saw a modest increase of 0.13 percent compared to May of the previous year, reaching approximately 4.10 billion cubic meters. This suggests that domestic usage aligned closely with the volume of imports, indicating stable energy consumption patterns. At the end of May, natural gas reserves stood at 4.67 billion cubic meters, comprising 4.35 billion cubic meters stored in underground facilities and 320 million cubic meters held in LNG terminals. These stock levels suggest preparedness for potential fluctuations in supply or demand. In terms of petroleum products, crude oil imports represented the largest share of total imports, rising 7.29 percent to 2.67 million tons. However, diesel imports declined significantly by 27 percent to 845,903 tons. This shift could indicate changes in transportation fuel demand or adjustments in refining capacity. Russia continued to dominate as Türkiye's primary supplier of crude oil and petroleum products, contributing 1.65 million tons to the total imports. Kazakhstan followed with 515,691 tons, and the United States supplied 348,879 tons. The data highlights the continued reliance on traditional suppliers such as Russia, Azerbaijan, and Iran for natural gas, alongside growing contributions from LNG sources like Algeria and the United States. The slight increase in overall imports suggests a steady demand for energy resources, though specific variations in different petroleum products point to nuanced shifts within the market. With natural gas stocks maintained at high levels, Türkiye appears well-positioned to manage its energy needs amid ongoing geopolitical and economic considerations.

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2 reports

Hurriyet Daily News logoHurriyet Daily NewsParty-alignedCenterFactual 85Objective 80yesterday
Türkiye’s May natural gas, oil imports rise nearly 3 percent

In May, Türkiye saw a slight increase in both natural gas and oil imports compared to the same period last year. Natural gas imports rose by 2.95% to around 3.64 billion cubic meters, with most coming from Russia, Azerbaijan, and Iran via pipelines, and Algeria and the U.S. supplying LNG. Oil and petroleum product imports increased by 2.97% to 4.09 million tons, driven mainly by higher crude oil imports from Russia, which remains Türkiye’s top supplier in this category. Consumption of natural gas grew slightly by 0.13%, and overall stockpiles of natural gas ended the month at 4.67 billion cubic meters.

Bias read (Center): The article presents factual data on energy imports and consumption without overtly favoring any political stance. It provides numerical figures and sources them from the Energy Market Regulatory Authority (EPDK), maintaining neutrality in tone and content.

Why factuality (85): The article provides specific figures and sources (EPDK reports) for natural gas and oil import increases in May. It cites suppliers and volumes, aligning with typical reporting standards for energy data. While no primary source document was available, the numbers appear consistent with standard ind

Why objectivity (80): The article presents the data in a straightforward manner, focusing on statistics and supplier breakdowns. There is no overt bias or emotional language, though it emphasizes Turkey's reliance on certain countries like Russia, which may subtly imply geopolitical context.

Hurriyet Daily News logoHurriyet Daily NewsParty-alignedCenter6 hr. ago
Tariffs on Brazil take effect as US readies fresh flurry

The article provides several economic updates from Turkey, highlighting various sectors and developments. It mentions that Turkey is becoming a preferred destination for Russian real estate investors due to its infrastructure and quality of life. The country's top 500 IT companies saw a 40% increase in revenues in 2025. Natural gas and oil imports rose slightly in May. Finance Minister Mehmet Şimşek emphasized fiscal discipline and disinflation efforts. Crude oil prices reached a one-month high due to U.S.-Iran tensions, and new conflicts in the Middle East kept Eurozone central bankers cautious. Turkey plans to invest 187.5 billion lira in the manufacturing sector through 2028. External assets stood at $404 billion as of May. West African leaders approved a Nigeria-Morocco gas pipeline. Inflation expectations in Turkey slightly increased in July.

Bias read (Center): The article presents economic developments and policy announcements without overtly favoring any particular political ideology. While some topics involve international relations and domestic policy, the framing remains balanced, focusing on factual reporting rather than ideological slant.

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