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Oil prices down with oversupply, low demand

- Investors await gradual lifting of quarantine measures of major economies for uptake in global oil demand

27.05.2020 Downstream , Stock Market , Americas

Over 200 US firms file for bankruptcy amid low prices

- 'Loss of drilling revenue is more than $60 billion to the industry,' an expert in Houston says

27.05.2020 Oil , Finance , Downstream , Americas , Middle East-Africa

Oil prices gain slight up with demand signs

- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data

25.05.2020 Oil , Finance , Americas

Amid US withdrawal, Turkey supports Open Skies Treaty

- Treaty is one pillar of Euro-Atlantic conventional security architecture, says Foreign Ministry

25.05.2020 Energy Security , Turkey , Americas

FILE - US reigning champion in oil, natural gas

- US becomes world's largest crude oil and natural gas producer because of shale revolution

24.05.2020 Oil , Downstream , Americas

US oil rig count falls tenth week in a row

- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data

24.05.2020 Finance , Downstream , Americas

Oil loses most of weekly gains with US-China tension

- World's two largest economies at forefront of global economic slowdown, weakening oil consumption

23.05.2020 Downstream , Stock Market , International Relations , Asia , Americas

Number of active US oil, gas rigs at lowest since 1987

- Since March 17, total number of oil and natural gas rigs in US has fallen by 56%

23.05.2020 Upstream , Americas

Trump vows not to close US over second wave of COVID-19

- 'We can put out the fires. Whether it is an ember or a flame, we are going to put it out,' says president

22.05.2020 Energy Security , Americas

Oil prices rise with fall in US crude inventories

- If quarantine measures against COVID-19 start to soften in June, crude demand is set to increase to push prices higher

22.05.2020 Oil , Finance , Americas

US crude oil stocks post second decline since January

- Commercial crude oil inventories fall for second time after 15 consecutive weeks of increases

22.05.2020 Oil , Refining/Petro Chemistry , Stock Market , Energy Projects , Americas

US Senate issues first subpoena in Obama admin probe

- Senate committee votes along party lines to subpoena Blue Star Strategies, firm tied to Ukrainian gas company Burisma

21.05.2020 Energy Security , Americas

Oil prices down with coronavirus-related low demand

- Softening of quarantine measures against COVID-19 expected to increase oil demand and push crude prices higher

20.05.2020 Upstream , Stock Market , Americas

Oil prices up with easing curbs, demand signs

- Oil prices climb by more than $1 a barrel on Monday

19.05.2020 Oil , Finance , Americas , General

US natural gas production expected to fall by 5% in 2020

- Economic contraction and weak business activity lower natural gas demand

18.05.2020 Natural Gas , Americas

US crude oil production forecast to fall in 2020, 2021

- Estimated 0.8 million bpd year-over-year output fall in 2021 would be the largest annual decline in US crude oil production on record

17.05.2020 Upstream , Stock Market , Americas

US to buy oil for strategic reserve to test market

- An initial 1 million barrels of crude oil to be bought for strategic petroleum reserve

17.05.2020 Refining/Petro Chemistry , Oil , Energy Security , Americas

US oil rig count falls ninth week in a row

- Oil rig count hits lowest level since July 2009

17.05.2020 Upstream , Americas

Oil mkt. rebalancing gradually, still fragile, IEA head

- May's report shows 8.6 million-barrel-per-day oil demand fall for 2020 from prior forecast in April of 9.3 million barrels

15.05.2020 Oil , International Organization , World , Americas

Oil prices up with surprise decline in US crude stocks

- Despite decline in crude inventories, over 82% of capacity is full in US storage hub

15.05.2020 Upstream , Stock Market , Americas

US crude oil stocks post first decline since January

- Commercial crude oil inventories fall for first time after 15 consecutive weeks of increases

14.05.2020 Refining/Petro Chemistry , Americas

EIA revises up Brent price forecast by $1 for 2020

- International benchmark expected to average $34 per barrel this year

14.05.2020 Upstream , Stock Market , Americas

Oil prices remain low with virus-related low demand

- Global oil consumption is expected to increase once countries soften quarantine measures against COVID-19

14.05.2020 Downstream , Energy Security , Europe , Asia , Americas

US coal-fired electric generation falls to 42-year low

- Sharp decline was result of increased electricity generation from natural gas-fired plants and wind turbines

12.05.2020 Coal , Downstream , Americas

US lawmakers introduce new Russia sanctions bill

- 'Putin is a cruel authoritarian with a long track record of silencing' liberties, says Foreign Affairs Chairman Eliot Engel

12.05.2020 Energy Security , Americas

Oil prices down with weak demand, rising supply glut

- Over 86% of stock capacity is full in major US crude oil storage

12.05.2020 Upstream , Stock Market , Energy Security , Americas

Iraq to review strategic agreement with US: Iraqi PM

- Mustafa al-Kadhimi says partial Cabinet established crisis desk of foreign affairs experts

10.05.2020 Energy Diplomacy , Americas , Middle East-Africa

US oil rig count falls eighth week in a row

- Decline in oil rig count in US totals 391

10.05.2020 Oil , Americas , General

Coronavirus hits US oil sector hard as billions lost

- US crude output already down 1.2 million bpd, while many oil majors announce billions of dollars in net loss for 1st quarter

09.05.2020 Upstream , Invesments , Energy Security , Americas

Oil prices up as softer quarantine measures rise demand

- Price of Brent crude gains more than 3%

09.05.2020 Downstream , Stock Market , Energy Security , Europe , Americas

Qatar Petroleum joins 3 exploration blocks in Mexico

- Agreements further expands Qatar's footprint in Mexico, says Minister of State for Energy Affairs

07.05.2020 Oil , International Relations , Energy Projects , Americas , Middle East-Africa

Trump: COVID-19 worse than Pearl Harbor, 9/11 attacks

- US president says pandemic could have been stopped by China, but 'it wasn't'

07.05.2020 Energy Diplomacy , Asia , Americas

Trump vetoes resolution limiting military force on Iran

- 'Congress should not have passed this resolution,' says US president, calling resolution 'very insulting'

07.05.2020 International Relations , Americas , Middle East-Africa

Oil gains as US gasoline demand rises for second week

- Demand for gasoline in world's biggest oil consumer is on rise

07.05.2020 Transportation/Fuel Oil , Stock Market , Americas

US crude oil inventories show rise for w/e May 1

- Commercial crude oil stocks increase by 4.6 million barrels

07.05.2020 Refining/Petro Chemistry , Americas

Weak fuel demand causes refinery run declines in US

- As US motor gasoline and jet fuel consumption falls to lowest level since 1991, refiners change mix of petroleum products

07.05.2020 Refining/Petro Chemistry , Energy Security , Americas

US energy-related CO2 falls 2.8% in 2019

- Although US economy shows strong growth in 2019, energy consumption decreases by 0.9%

07.05.2020 Coal , Americas

Oil prices down with expectation of US crude build-up

- Crude oil inventories in US estimated to increase by 8.44 million barrels for week ending May 1

06.05.2020 Refining/Petro Chemistry , Stock Market , Americas

Saudi, Russia, US share fight intensifies in oil market

- Weak demand, low prices force Riyadh and Moscow to raise competition in Asian and European oil markets

06.05.2020 Upstream , International Relations , Eurasia , Americas , Middle East-Africa

Oil prices up with optimism over easing of lockdowns

- Investors are optimistic that reopening of major economies will increase oil consumption

05.05.2020 Downstream , Stock Market , Energy Security , Europe , Asia , Americas

Chevron's income up, revenue down in first qtr. of 2020

- Commodity prices fell significantly in March due to reduced demand resulting from COVID-19, CEO says

04.05.2020 Upstream , Stock Market , Americas

ExxonMobil lowers capital spending by $10B amid virus

- Revenue came in at $56.16 billion for first quarter -- down 11.7% from $63.62 billion for same period last year

04.05.2020 Upstream , Invesments , Americas

US oil rig count falls seventh week in a row

- Oil rig count hits lowest level since June 2016

04.05.2020 Oil , Americas

Trump says he’s seen evidence virus came from China lab

- President attacks World Health Organization, says it is a 'public relations agency for China'

01.05.2020 Energy Diplomacy , Asia , Americas

Oil prices up as gasoline demand in US rises

- Crude prices gain more than 6% as gasoline inventories show decline

30.04.2020 Upstream , Stock Market , Americas

US crude oil inventories show strong rise for w/e April 24

- Commercial crude oil stocks rise by 9 million barrels

30.04.2020 Refining/Petro Chemistry , Americas

'US economy narrowed 4.8% in Q1 amid virus'

- Decline in first quarter due to response to spread of COVID-19, US Bureau of Economic Analysis says

30.04.2020 Finance , Americas

Low liquidity, limited storage push WTI below zero: EIA

- As of April 17, crude oil inventories in Cushing, Oklahoma totaled 60 million barrels, implying crude storage was 76% full

30.04.2020 Refining/Petro Chemistry , Stock Market , Americas

US energy production exceeds consumption after 62 years

- Production growth largely result of rise in crude oil and natural gas output from hydraulic fracturing, horizontal drilling

30.04.2020 Coal , Upstream , Hydro , Americas

Oil up as US crude stocks due to fall short of estimate

- US estimates addition of 9.98 million barrels in crude stocks, but market estimate is rise of 10.62 million barrels

30.04.2020 Refining/Petro Chemistry , Stock Market , Americas

Oil prices down with worries over glut and storage

- As oversupply is rising, storage capacity for crude has been in steady decline

28.04.2020 Upstream , Stock Market , International Organization , Americas

Oil prices sees slight fall with oversupply concerns

- Due to coronavirus-related cumulative rising supply, oil producers are desperately seeking additional storage

27.04.2020 Oil , Finance , Downstream , Americas , Middle East-Africa

US oil rig count falls sixth week in a row

- In the past six weeks, the decline in oil rig count in the U.S. totaled 305

27.04.2020 Oil , Downstream , Americas

Oil prices up 10% with rising Asia demand

- Some refineries in Asia start purchasing crude to take advantage of low prices

24.04.2020 Oil , Finance , Asia , Americas

US crude oil inventories show strong rise

- Commercial crude oil stocks rose by 15 million barrels

24.04.2020 Oil , Americas

Brent oil may soon hit below $10 a barrel: Experts

- Brent to continue to fall under weight of oversupply across globe as storage space runs out, one expert says

22.04.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas

Brent oil at $16 a barrel with oversupply, weak demand

- Oil storage levels continue to escalate and available capacity is running out

22.04.2020 Upstream , Energy Security , Americas

UN agencies call for urgent global emergency funding

- 'All elements of the Global Humanitarian Response Plan are crucial and need continued funding,' agencies say

22.04.2020 Energy Diplomacy , Americas

US Senate OKs massive bill to help small businesses

- Package worth nearly $500 billion also includes funds to aid hospitals and establishes national coronavirus testing plan

22.04.2020 Finance , Americas

Trump vows oil, gas industry recovery after pandemic

- Barrel of US oil nosedived below $0 in historical first on Monday

22.04.2020 Natural Gas , Oil , Americas

Brent oil price dives below $20 per barrel

- International benchmark hits lowest level since February 2002

22.04.2020 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

Barrel of US oil nosedives below $0 in historical first

- Extreme fall in price seems to indicate suppliers may have to pay to unload their inventory

21.04.2020 Oil , Americas

US oil rig count falls fifth week in a row

- Oil rig count hits lowest level since October 2016

20.04.2020 Oil , Americas

Brent oil remains low as record drop in demand expected

- Transportation limitations, quarantines lead to low oil consumption in the world, while market faces rising supply glut

16.04.2020 Upstream , Stock Market , Americas

US crude oil inventories show strong rise

- Commercial crude oil stocks rose by 19.2 million barrels, compared to market estimate of 11.7 million barrels increase

18.04.2020 Refining/Petro Chemistry , Americas

WHO chief ‘regrets’ Trump decision to halt funding

- Head of WHO says organization fighting many other diseases along with COVID-19, hopes US will review decision

17.04.2020 International Organization , Americas

Low oil demand pushes global stock capacity to over 80%

- China's oil stocks to reach 1.1 billion barrels this month while India has fullest storage capacity, experts say

16.04.2020 Upstream , Oil , Energy Security , Europe , Asia , Americas

Brent oil trading below $30, after 6% drop on Tuesday

- With low oil consumption and rising oversupply, producers are having hard time storing excess amounts of crude

15.04.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Americas

US to award 23 million barrels oil storage for 9 firms

- Most deliveries to be received in May and June 2020, with possible early deliveries in April, US energy secretary says

15.04.2020 Refining/Petro Chemistry , Oil , Americas

Oil prices up as Trump says OPEC+ should double cuts

- 10 million bpd of OPEC+ curb could reach 20 million bpd if US, Mexico, Canada, Brazil, Norway also make cuts

14.04.2020 Upstream , Stock Market , International Relations , Americas

Oil up as OPEC output cut deal supports prices

- Prices could remain low if 23 members fail to execute individual cuts or engage in price war for higher market share

14.04.2020 Upstream , Stock Market , Americas

OPEC reaches final deal to cut oil output by 10M bpd

- Mexico to cut crude output by 100,000 bpd, remaining 300,000 bpd to come from US

13.04.2020 Upstream , International Organization , Eurasia , Americas , Middle East-Africa

OPEC, allies meet to solve Mexico, individual cuts

- OPEC+ expected to solve Mexico's issues before oil market opens early Monday in Asia

12.04.2020 Upstream , International Organization , Americas

Putin, Trump discuss oil prices, coronavirus over phone

- Russian, US presidents talk about measures taken by two countries to stem spread of COVID-19

12.04.2020 Oil , Eurasia , Americas

US oil rig count falls fourth week in a row

- Oil rig count hits lowest level since December 2016

12.04.2020 Oil , Americas

US: Crude oil production to fall 2-3M bpd this year

- World's largest crude producer can open up strategic petroleum reserves to take surplus off market

13.04.2020 Oil , Americas

OPEC deal to prevent global oil storage rise: Experts

- Curbs would slow build-up in storage and avoid supply surplus over second quarter, one analyst says

11.04.2020 Refining/Petro Chemistry , Energy Security , Americas

US crude oil inventories show strong rise

- Commercial crude oil stocks rose by 15.2 million barrels, compared to market estimate of 9.27 million barrels increase

09.04.2020 Transportation/Fuel Oil , Americas

US lawmakers urge Riyadh to reduce oil output

- Lawmakers warn of US response if Kingdom fails to address falling oil prices

09.04.2020 Oil , Energy Security , International Relations , Americas , Middle East-Africa

IEA's Birol calls on G20 to prevent oil market crash

- Even 10 million barrels per day of production cut is not enough to save oil market, Fatih Birol says

09.04.2020 Oil , Americas , Middle East-Africa

EIA revises down Brent price forecast by $10 for 2020

- International benchmark expected to average $33 per barrel this year, down from previous estimate of $43 a barrel

08.04.2020 Upstream , Stock Market , International Organization , Americas

Oil prices up with hopes of OPEC making deeper cuts

- OPEC+ expected to make necessary production curbs with hope of removing some oil market oversupply

07.04.2020 Upstream , Stock Market , International Organization , Eurasia , Americas , Middle East-Africa

Low oil prices drag Middle East economies to collapse

- Low prices seriously threatening most MENA oil producing countries who need higher prices to balance budgets

06.04.2020 Oil , Finance , Asia , Americas , Middle East-Africa , General

US oil rig count falls by 62 for week ending April 3

- The drop followed decline of 40 oil rigs the week before

06.04.2020 Oil , Finance , Americas , General

Brent oil heading for 23% weekly gain with OPEC at sight

- OPEC members to hold video conference on Monday to discuss how they can stabilize oil market

05.04.2020 Upstream , Stock Market , International Organization , Eurasia , Americas , Middle East-Africa

Azerbaijan says OPEC, OPEC+ set to meet on April 6

- The possibility of a new declaration of cooperation will be discussed, Azerbaijan's energy ministry says

04.04.2020 Oil , Eurasia , Americas , Middle East-Africa

Oil retreats as markets doubt Saudi, Russia deal

- Crude prices down after they soar 16% on expectations for oil output cut from Riyadh, Moscow

03.04.2020 Upstream , Stock Market , International Relations , Eurasia , Americas , Middle East-Africa

Trump expects Russia, Saudi to reach oil deal soon

- 'I expect & hope that they will be cutting back approximately 10 Million Barrels,' says US president

03.04.2020 Upstream , International Relations , Americas

Fitch lowers oil price forecast on Covid-19, oversupply

- Brent crude expected to average $35 a barrel this year, down from previous estimate of $41 a barrel

03.04.2020 Downstream , Stock Market , International Organization , Americas

Oil up as Trump talks to Saudi, Russia to end price war

- "I have confidence in both that they'll be able to work it out," Trump says

02.04.2020 Upstream , Stock Market , International Relations , Eurasia , Americas , Middle East-Africa

US crude oil inventories show strong increase

- Commercial crude oil stocks rose by 13.8 million barrels, compared to market estimate of 4 million barrels increase

03.04.2020 Refining/Petro Chemistry , Americas

Trump says Iran planning to attack US troops in Iraq

- 'If this happens, Iran will pay a very heavy price, indeed!' US president says

02.04.2020 Energy Diplomacy , Americas , Middle East-Africa

US, Russia energy ministers discuss oil market

- Two energy officials discuss volatility in prices, oil market developments

02.04.2020 Downstream , Stock Market , International Relations , Eurasia , Americas

Oil prices down with US crude buildup estimate

-Crude stocks in US are estimated to have risen by 10.48 million barrels, higher than market expectation of 4 million barrels

01.04.2020 Refining/Petro Chemistry , Stock Market , Americas

US renews sanctions on Iran amid coronavirus

- Trump administration renews 4 restrictions on Iran's nuclear program for additional 60 days, says State Department

01.04.2020 Nuclear , Energy Security , International Relations , Americas , Middle East-Africa

Shell to exit Lake Charles LNG project

- Lake Charles LNG between Shell and Energy Transfer seeks to convert latter’s existing import terminal to LNG export facility in Louisiana

01.04.2020 Lng/Lpg , Americas

Russia founds new company in Venezuela after Rosneft sale

- Russian government establishes new oil company called Roszarubejneft

31.03.2020 Oil , Finance , Eurasia , Americas , General

Oil prices up as US, Russia set to discuss oil market

- It is unlikely for Moscow to break bread with Washington since it struggles to maintain market share against US shale

31.03.2020 Upstream , Stock Market , International Relations , Eurasia , Americas

Price volatility in crude oil hits highest since 2007

- Crude oil volatility index, known as OVX index, reaches 190 on March 20 -- highest since May 2007

31.03.2020 Upstream , Projects , International Organization , Americas

Brent oil price hits $23 per barrel, lowest in 17 years

- International benchmark hit lowest level since November 2002

31.03.2020 Downstream , Stock Market , Energy Security , Americas , Middle East-Africa

Brent oil up with sharp decline in US oil rig count

- Crude output in US can decline in following weeks to help trimming some of oversupply in market

30.03.2020 Downstream , Stock Market , Americas

US, petchem firms practicing ‘disaster capitalism’

- Trump administration and petrochemical industries taking bad situation and using it to make some easy money,’ says activist

30.03.2020 Energy Diplomacy , Americas

Russia's Rosneft terminates operations in Venezuela

- Rosneft sells Venezuelan assets to company wholly owned by Russian government

30.03.2020 Oil , Americas

Trump signs massive $2.2 trillion virus relief bill

- 'Bill will deliver urgently-needed relief for our nation’s families, workers, and businesses," Trump says

28.03.2020 Finance , Americas

US oil rig count falls by 40 for week ending March 27

- The drop followed decline of 19 oil rigs the week before, while oil prices continued to fall

30.03.2020 Oil , Americas

Turkey's daily power consumption up 5.26% on May 26

World's 1st floating nuke plant starts commercial ops.

Nuclear power remains crucial during Covid-19 pandemic

World's largest uranium producer's output falls in 1Q20

Turkey's daily power consumption up 5.26% on May 26

Spot market electricity prices for Friday, May 22

Spot market electricity prices for Saturday, May 16

Turkey's daily power consumption up 1.35% on May 14

Spot market electricity prices for Thursday, May 28

Turkey's daily power consumption up 5.26% on May 26

Turkey's daily power consumption up 0.12% on May 21

Turkey's daily power consumption up 12.7% on May 20

Spot market natural gas prices for Thursday, May 14

Spot market natural gas prices for Thursday, April 9

Spot market natural gas prices for Sunday, April 5

Spot market natural gas prices for Monday, March 16

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Tuesday, Feb. 11

British LNG carrier arrives in Turkey

Danish LNG carrier arrives in Turkey

Spot market natural gas prices for Tuesday, May 26

US natural gas consumption forecast to fall this year

Spot market natural gas prices for Wednesday, May 20

US coal-fired electric generation falls to 42-year low

Bilfinger, Green Solutions to widen LNG station network

Turkey's LNG imports surpass pipeline gas for 1st time

Turkey's LPG imports down 16.31 % in March 2020

Algerian LNG vessel to arrive in Turkey on May 30

Haftar oil blockade causes over $4 bln. loss for Libya

Genel Energy receives $10.4 million for KRG oil prod.

Oil prices down as US-China tensions escalate

Morgan Stanley raises Brent forecast to $40 a barrel

Brent crude price up with decline in US gasoline stocks

Oil prices down with oversupply, low demand

Over 200 US firms file for bankruptcy amid low prices

FILE - US reigning champion in oil, natural gas

US crude oil stocks post second decline since January

US to buy oil for strategic reserve to test market

Petrofac considers cost cuts of $125 million in 2020

US crude oil stocks post first decline since January

Oil giants' loss exceed $20B in 1Q20 due to coronavirus

Venezuela to escort Iranian fuel tankers

No. of electric vehicles set to be over 1 Bln by 2050

Oil gains as US gasoline demand rises for second week

EU Recovery Strategy to boost clean, green technologies

Denmark, Vietnam talk offshore wind expansion

UK's Port of Tyne: base for biggest offshore wind farm

COVID-19 hits Siemens Gamesa's 1st quarter profits

Poland gets first EIB loan for 66 small-scale PV plants

Time to plan postpandemic economic recovery: IEA chief

Japan's Enechange, Looop invest in Turkish solar plant

French oil firm Total wins 131-megawatt solar tenders

Ethiopia setting record straight on grand dam on Nile

Sudan, Egypt resume talks on Nile dam project

Pakistan awards $5.8B contract for dam construction

Ethiopia to respond to Egyptian complaint on Nile dam

EU approves €550M Danish aid to support biomass plants

ESCAP, IRENA to cooperate for sustainable solutions

Highlights of global energy market in 2019

UN wants action on climate change in 9 African nations

Turkey's energy import bill down 59.8% in April 2020

Hydrogen on 'priority list' of oil & gas sector: DNV GL

European bank loans Turkey’s QNB Finansbank $108M

UK's Port of Tyne: base for biggest offshore wind farm

COVID-19 to cause biggest global energy investment fall

Turkey: External assets hit $233.8B in March

EBRD makes $55M loan to Turkey's Garanti BBVA

Brent oil stabilizes above $30 despite pandemic woes

Turkey's energy import bill down 59.8% in April 2020

Brent crude price up with decline in US gasoline stocks

Oil prices down as US-China tensions escalate

Morgan Stanley raises Brent forecast to $40 a barrel

G20 int'l merchandise trade shrinks in Q1 amid COVID-19

Saudi, Russia agree on further oil output coordination

Genel Energy receives $10.4 million for KRG oil prod.

Venezuela to escort Iranian fuel tankers

Spot market electricity prices for Saturday, May 30

Spot market electricity prices for Saturday, May 23

Spot market electricity prices for Friday, May 22

Spot market electricity prices for Saturday, April 25