Turkey has commenced ultra-deepwater drilling offshore Somalia under a recently expanded exploration pact, positioning Ankara as a growing player in the Horn of Africa’s energy landscape while potentially reshaping regional supply dynamics. The move comes as Oil – Brent Crude, Oil – US Crude, and Natural Gas prices remain sensitive to geopolitical developments and new upstream projects.
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Over the past month, Brent has risen about 7.05%, while U.S. crude has gained roughly 6.82%, with both flashing a 1-day technical signal of Strong Buy and Strong Buy, respectively, suggesting bullish near-term momentum amid tighter perceived supply. Natural gas has fallen around 6.69% over the same period and shows a 1-day technical indication of Sell, highlighting weaker demand conditions and ample inventories despite new exploration activity. Investors can explore more updates, prices, and analysis across global markets at Commodities.