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Oil prices show slight drop after rise in US crude inventory

- OPEC+ group agree to raise production by 100,000 barrels per day next month

05.08.2022 Oil , Americas

US crude oil inventories up 1.1% for week ending July 29

- Inventories increased by around 4.5 million to 426.6 million barrels against market expectation of 467,000-barrel drop

04.08.2022 Oil , Americas

US oil rig count up by 6 for week ending July 29

- Number of US oil rigs rise by 220 compared to one year ago

31.07.2022 Oil , Americas

ExxonMobil reports $17.8 billion profit in second quarter of 2022

- Revenue for second quarter recorded as $115.7 billion, $48 billion higher compared to last year

30.07.2022 Oil , World , Americas

US crude oil inventories down 1.1% for week ending July 22

- Inventories decrease by around 4.5 million to 422.1 million barrels against market expectation of 300,000-barrel rise

29.07.2022 Oil , Americas

Oil prices increase with ease in demand concerns

- Large inventory draw signals recovery in crude demand in US, easing investor concerns over dwindling demand

29.07.2022 Oil , Americas

US oil rig count unchanged for week ending July 22

- Number of US oil rigs rise by 212 compared to one year ago

23.07.2022 Oil , Americas

Oil prices rise on strengthening demand

- Strong demand signals in Asia and data showing record levels of gasoline demand in India support upward price movement

22.07.2022 Oil , Europe , Asia , Americas

US crude oil inventories down 0.1% for week ending July 15

- Inventories decrease by around 400,000 barrels to 426.6 million barrels against market expectation of 300,000-barrel rise

21.07.2022 Oil , Americas

Biden announces new climate change actions, stops short of declaring emergency

- Climate change existential threat to our nation, world, says US president

22.07.2022 World , Americas

Saudi Arabia to boost oil production to 13 million barrels per day

- There will not be any additional capacity to increase oil production beyond that amount, Saudi crown prince says

18.07.2022 Oil , Energy Diplomacy , Americas , Middle East-Africa

US oil rig count up by 2 for week ending July 15

- Number of US oil rigs rise by 219 compared to one year ago

18.07.2022 Oil , Americas

Oil declines around 5.73% in week ending July 15

- After touching lowest level since March on Thursday, brent oil price trades around $100

18.07.2022 Oil , Energy Diplomacy , Americas , General

Oil prices rise with anticipation of less aggressive US rate hike

- Some of Fed's policymakers say they favour 75-basis-point interest rate increase at US central bank's policy meeting

16.07.2022 Oil , Americas , General

Oil price hits its lowest level since March

- Brent crude trades $97.15 per barrel, a decrease of 2.43% from previous session’s close

15.07.2022 Oil , Finance , Americas , General

US crude oil inventories up 0.8% for week ending July 8

- Inventories rise by 3.3 million barrels to 427.1 million barrels

18.07.2022 Oil , Americas , General

IMF again cuts US growth forecast to 2.3% for 2022

- Rapid demand recovery, rising energy prices, global supply disruptions led to acceleration in inflation, IMF says

14.07.2022 Finance , Americas , General

US Fed's report highlights rising concerns about recession

- Chatter about future recession has increased with reports of layoffs, attrition, hiring freezes, says Fed

14.07.2022 Finance , Americas , General

Oil prices below $100 ahead of potential large US rate hike

- Oil prices have tumbled in past two weeks on recession concerns

14.07.2022 Oil , Americas , General

EIA forecasts brent price around $104 in 2022, $94 in 2023

- Russia-Ukraine war increases uncertainty in market

14.07.2022 Natural Gas , Oil , Americas , General

Oil trades below $100 amid fears of global recession

- Market players keeping tight eye on US President Joe Biden's travel to Middle East

14.07.2022 Oil , Finance , Eurasia , Americas , General

OPEC keeps oil demand growth forecast stable for 2022

- Global oil supply in June increased by around 1.32 million barrels per day compared to previous month

12.07.2022 Oil , Europe , Eurasia , Americas , General

Oil declines as China renews Covid restrictions

- Markets wait for signs from Biden's Saudi Arabia visit

12.07.2022 Oil , Asia , Americas , General

Twitter shoots back at Elon Musk over termination of $44B deal

- 'Twitter will...take all measures required to close the transaction,’ says social media giant

12.07.2022 Finance , Americas , General

US near-term inflation expectations hit record high: Survey

- Annual consumer inflation in US expected to show increase of 8.8% in June

12.07.2022 Finance , Americas , General

Oil mixed as market balances tight supply with recession-related fears

- International benchmark Brent crude trades at $105.85 per barrel for a 1.09% decrease after previous session

12.07.2022 Oil , Americas , General

US oil rig count up by 2 for week ending July 8

- Number of US oil rigs rise by 219 compared to one year ago

11.07.2022 Oil , Americas

US crude oil inventories up 2% for week ending July 1

- Commercial crude oil stocks rise by 8.2 million barrels, against market expectation of 1.1 million-barrel draw

09.07.2022 Oil , Americas

Biden to raise energy security during Gulf Cooperation Council meeting

- US president to visit Israel, West Bank, Saudi Arabia later this month

09.07.2022 International Relations , Americas , Middle East-Africa

Oil price drop continues with recession fears

- Oil prices fell on Wednesday below $100 for first time since April 25

07.07.2022 Oil , Europe , Americas

US oil rig count up by 1 for week ending July 1

- Number of US oil rigs rise by 219 compared to one year ago

04.07.2022 Oil , Americas

Oil prices fall due to recession worries

- Prospects of aggressive rate hikes by Federal Reserve feed expectations of global economic slowdown

01.07.2022 Oil , Asia , Americas

Oil prices fall ahead of OPEC supply meeting

- Possible supply disruption in Russia, the US, Ecuador and Libya are expected to tame fall in oil prices

01.07.2022 Oil , Americas , Middle East-Africa

US crude oil inventories down 0.7% for week ending June 10

- Commercial crude oil stocks fall by 2.8 million barrels, against market expectation of 110,000-barrel draw

30.06.2022 Oil , Upstream , Americas

Oil prices retreat with fears of global economic slowdown

- G7 countries agree to explore price cap on Russian oil to curtail Moscow's revenues

30.06.2022 Oil , International Relations , Europe , Eurasia , Americas

G7 nations mulling 'price cap' on Russian oil to build pressure amid Ukraine war

- G7 members eye curtailing price of Russian oil, Moscow's revenues while allowing more oil supply to reach global market

28.06.2022 Oil , Europe , Eurasia , Americas

Qatar likely to host Iran-US nuclear deal talks

- Iran, EU agreed to resume stalled talks to revive 2015 nuclear deal

27.06.2022 Energy Diplomacy , Americas , Middle East-Africa , General

US oil rig count up by 10 for week ending June 24

- Number of US oil rigs rise by 222 compared to one year ago

26.06.2022 Oil , Americas

Global offshore wind project capacity nearly doubles in 12 months

- China has biggest offshore wind project pipeline with 98 GW followed by UK and US

25.06.2022 Renewable , Wind , Europe , Asia , Americas

Oil prices drop as markets fear looming US recession

- Investors believe US rate hikes could stall economic recovery and negatively affect US fuel demand

24.06.2022 Oil , Americas

ExxonMobil, QatarEnergy ink deal for LNG capacity expansion

- First LNG from North Field East is expected in 2026

23.06.2022 Lng/Lpg , Americas , Middle East-Africa

Oil up with persistent supply side risks

-Libya’s oil output falls to 100,000 barrels from average of 1.2 million barrels a day just last year, fueling supply concerns

22.06.2022 Oil , Finance , Eurasia , Americas

US oil rig count up by 4 for week ending June 17

- Number of US oil rigs rise by 211 compared to one year ago

20.06.2022 Oil , Americas , General

US crude oil inventories up 0.5% for week ending June 10

- Commercial crude oil stocks rise by 2 million barrels, against market expectation of 1.2 million barrel draw

16.06.2022 Oil , Americas

Oil prices increase over tight global supply

- Tight global supply against an increase in fuel demand push prices higher

16.06.2022 Oil , Asia , Americas

American TPI Composites plans to invest $100 million for offshore wind blade factory in Türkiye

- Possible location for factory still a challenge but we are evaluating all opportunities around Izmir, TPI Composites Senior said

16.06.2022 Finance , Wind , Renewable , Americas

US still planning for Biden visit to Israel, Saudi Arabia

- 'When the President's ready to make that announcement, that's when we will,' says White House

14.06.2022 Oil , World , Americas , Middle East-Africa

Biden says Exxon 'made more money than God this year' amid record gas prices

- 'Why aren't they drilling? Because they make more money not producing more oil,' says US president

13.06.2022 Oil , World , Americas

Oil prices hit 3 month highs during week ending June 10

- Prices increase with fears of global supply failing short of meeting demand

11.06.2022 Oil , Asia , Americas

Can Venezuela be alternative to compensate lost Russian oil?

- Although US-sanctioned Venezuelan oil has brought on table to meet EU states’ crude oil need, country’s oil infrastructure is unlikely to be viable alternative, experts say

11.06.2022 Oil , International Relations , Europe , Americas

Oil prices retreat after hitting three month highs

- New lockdown measures in parts of Shanghai push prices down

10.06.2022 Oil , International Relations , Asia , Americas

US crude oil inventories up 0.5% for week ending June 3

- Commercial crude oil stocks rise by 2 million barrels, against market expectation of 1.8 million barrel draw

09.06.2022 Oil , Americas

US sanctions have 'returned like boomerang,' affecting American, European economies: Venezuela's president

- US has always been caught up in its own aggression, Nicolas Maduro tells Anadolu Agency in exclusive interview

10.06.2022 Energy Diplomacy , International Relations , Europe , Americas

US energy agency revises oil price forecast up for 2022

- International benchmark Brent crude now estimated to average $107.37 per barrel in 2022 and $97.24 per barrel in 2023

10.06.2022 Oil , Americas

US ships nearly 75% of all LNG cargoes to Europe

- Nearly three quarters of all USLNG exports were sent to Europe during the first four months of 2022

09.06.2022 Finance , Lng/Lpg , Europe , Asia , Americas , General

Energy efficiency paves emergency exit from energy crisis if action accelerated

- Cutting energy consumption with efficiency solutions can contribute to lowering household energy bills by at least $650 billion a year by 2030

08.06.2022 Renewable , Invesments , International Organization , Europe , Asia , Americas

US oil rig count remains unchanged in week ending June 3

- Number of US oil rigs rise by 215 compared to one year ago

04.06.2022 Oil , Americas

US crude oil inventories down 1.2% for week ending May 27

- Commercial crude oil stocks fall by 5.1 million barrels, against market expectation of 1.18 million barrel draw

03.06.2022 Oil , Americas

Brent price could reach $150 per barrel on Russia-Ukraine war, oil import embargo

- Oil prices to stay high as long as war continues, experts say

02.06.2022 Oil , World , Europe , Americas , Middle East-Africa

US oil rig count down by 2 for week ending May 27

- Number of US oil rigs rises by 215 compared to one year ago

30.05.2022 Electricity , Finance , Americas

Top Biden officials in Saudi Arabia for talks on oil ahead of planned visit

- White House Middle East coordinator and State Department’s energy envoy arrived in Saudi Arabia on Tuesday to meet with senior Saudi officials

27.05.2022 Oil , World , Americas , Middle East-Africa

US sanctions Russia-backed Iranian oil smuggling, money laundering network

- Network led by officials of Iran's Revolutionary Guards, backed by senior levels of Russian government, says US Treasury

27.05.2022 Oil , Americas

US crude oil inventories down 0.2% for week ending May 20

- Commercial crude oil stocks fall by 1 million barrels, against market expectation of 690,000 barrel draw

26.05.2022 Oil , Americas

Oil prices up with tight global supply

- EU agreement on Russian crude ban could be finalized by May 30, European Council President Charles Michel says

27.05.2022 Oil , International Relations , Eurasia , Americas

Electric car sales hit record high of 6.6 million in 2021

- Despite rise, IEA says that more efforts are needed to anticipate supply chain bottlenecks and boost critical mineral production to support sales growth

25.05.2022 Electricity , Asia , Americas

Canada bans Huawei from participating in country’s 5G wireless networks

- China's ZTE also prohibited from competing in Canada's 5G network installation

20.05.2022 Asia , Americas , General

Brent oil prices slightly up on hopes of higher demand due to peak season

- Currently declining cases in Shanghai prompted hopes for better oil demand in China

20.05.2022 Oil , Asia , Americas , General

Brent oil prices up on hope of stronger Chinese demand

- Declining Omicron cases in Shanghai boosts hopes for rising oil demand

19.05.2022 Oil , Finance , Asia , Americas

Venezuela hopes for 'absolute lifting' of sanctions by US

- Maduro administration confirms reports that Washington plans to authorize US, European oil companies to resume operations in Venezuela

18.05.2022 World , Americas

US oil rig count up by 6 for week ending May 13

- Number of US oil rigs rises by 211 compared to one year ago

15.05.2022 Oil , Americas , General

US crude oil inventories up 2% for week ending May 6

- Commercial crude oil stocks increase by 8.5 million barrels, against market expectation of 457,000-barrel draw

12.05.2022 Oil , Americas

Oil and gas companies gamble on emission mitigation technologies

- Net zero targets are not enough for companies to be aligned with Paris, report warns

12.05.2022 Natural Gas , Oil , International Relations , Europe , Asia , Americas

Oil prices fall as global inflation rates solicit concern

- Ongoing Covid-19 lockdowns in China, world's top crude importer, continue to weigh on oil prices as demand for fuel drops

12.05.2022 Oil , Europe , Asia , Americas

US to temporarily suspend tariffs on Ukrainian steel for 1 year

- Steel mills must be able to export to continue as economic lifeline for Ukrainian people, US commerce secretary says

11.05.2022 World , Europe , Americas

US oil rig count up by 5 for week ending May 6

- Number of US oil rigs rises by 213 compared to one year ago

09.05.2022 Oil , Americas

US crude oil inventories up 0.3% for week ending April 29

- Commercial crude oil stocks increase by 1.3 million barrels, against market expectation of 1.16 million-barrel drop

05.05.2022 Oil , Americas

Oil prices rise on larger than expected drop in US oil stocks

- European Commission expected to announce details of EU's sanction plans against Russia later today

04.05.2022 Oil , Europe , Eurasia , Americas

TotalEnergies starts production on Mero-1 oil field

- Company plans three additional development phases scheduled between 2023 and 2025

04.05.2022 Oil , Americas

Chevron launches new renewable fuel feedstocks joint venture

- Bunge to contribute soybean processing facilities while Chevron will contribute approximately $600 million in cash to joint venture

04.05.2022 Renewable , Invesments , Americas

US, Armenia sign civil nuclear pact, launch strategic dialogue

- Top diplomats further discussed 'ongoing dialogue between Armenia and its neighbors,' says State Department

03.05.2022 Nuclear , International Relations , Asia , Americas

Chevron posts $6.3 billion earnings for 1Q22

- Total revenues and other income of Chevron reach $54.37 billion for first quarter

02.05.2022 Natural Gas , Oil , Projects , Invesments , Americas

ExxonMobil 1Q22 earnings $3.4B lower due to Russia exit

- Total revenues and other income of company reach $90.50 billion in first-quarter

03.05.2022 Natural Gas , Oil , Invesments , Americas

US oil rig count up by 3 for week ending April 29

- Number of US oil rigs rise by 210 compared to one year ago

02.05.2022 Oil , Finance , Americas

TotalEnergies expands US renewable portfolio with solar company acquisition

- Company has global target of achieving 100 GW of renewable projects in operation by 2030

28.04.2022 Renewable , Europe , Americas

Shell and TotalEnergies buy shares in Brazil's Atapu oil and gas field

- Petrobras holds majority share at 52.5% while Shell and TotalEnergies have 25% and 22.5%, respectively

28.04.2022 Finance , International Relations , Europe , Americas

US crude oil inventories up 0.2% for week ending April 22

- Commercial crude oil stocks increase by 700,000 barrels, against market expectation of 2.16 million-barrel rise

28.04.2022 Oil , Americas

Changes seen in hydrocarbon trade as countries compensate for Russian supply losses

- EU picks up more oil and gas from Middle East and US, while more volumes from West Africa and Latin America make their way to US

28.04.2022 Natural Gas , Europe , Americas

Oil up over escalating supply woes as Russia halts gas to Poland, Bulgaria

- US crude oil inventories are expected to rise by over 4.78 million barrels, limiting further price increases

27.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil up despite low China demand over COVID-19 lockdowns

-Russia-Ukraine war, however, continues to put upward pressure on prices, raising supply fears

27.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count up by 1 for week ending April 22

- Number of US oil rigs rise by 206 compared to one year ago

26.04.2022 Oil , Americas

Oil prices drop almost $7 with weaker global growth in w/e April 22

- Brent crude trades at $106.57 per barrel at 1005 GMT on Friday, marking $7 drop from Monday's closing of $113.16

22.04.2022 Oil , Americas , Middle East-Africa

Oil down from potential US interest rate hike, weak economic growth rates

- Higher US interest rate means higher US dollar rate and more expensive oil trade for buyers holding other currencies

25.04.2022 Oil , Asia , Americas

Baker Hughes acquires firm to advance next-generation carbon capture tech.

- Investments in developing carbon capture and removal technologies necessary to meet climate goals

21.04.2022 Invesments , Renewable , Americas

US crude oil inventories down 1.9% for week ending April 15

- Commercial crude oil stocks decrease by 8 million barrels, against market expectation of 2.5 million-barrel rise

21.04.2022 Oil , Americas

US crude oil inventories up 2.3% for week ending April 8

- Commercial crude oil stocks increase by 9.4 million barrels, more than market expectation of 1.4 million-barrel rise

14.04.2022 Oil , Americas

Oil volatile with stalemate in Russia-Ukraine talks, rise in demand risks

- Conflict in Ukraine, OPEC+ output decisions, rate at which US oil and natural gas producers increase drilling are main drivers of price uncertainties in 2022

14.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Biden to unveil homegrown biofuels to mitigate oil price hike

- US Department of Agriculture to provide up to $700M funding through new biofuel producer program

13.04.2022 Americas

US energy agency revises down oil price forecast for 2022

- International benchmark Brent crude now estimated to average $103.37 per barrel in 2022 and $92.57 per barrel in 2023

13.04.2022 Oil , World , Americas

Oil up as China eases pandemic restrictions, OPEC warns of supply risks

- OPEC warns EU that sanctions on Russia could create severe oil supply shocks, the supply gap from which would be impossible to replace

13.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

Oil down with weakening demand in China and release of emergency reserves

- Investors await supply and demand data from OPEC on Tuesday and International Energy Agency on Wednesday

11.04.2022 Oil , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

US oil rig count up by 13 for week ending April 8

- Number of US oil rigs rise by 209 compared to one year ago

10.04.2022 Oil , Americas

US Congress revokes Russia’s 'most favored nation' status; bans oil, gas

- 2 bills clear House floor after unanimously passing in Senate

08.04.2022 Oil , World , Eurasia , Americas

US crude oil inventories up 0.6% for week ending April 1

- Commercial crude oil stocks increase by 2.4 million barrels, against market expectation of 1.6 million barrel fall

07.04.2022 Oil , World , Americas

Chevron joins Global Centre for Maritime Decarbonization

- Company aims to help create scalable lower-carbon technologies, such as those that enable use of ammonia as a maritime fuel

07.04.2022 World , Europe , Americas

Limiting global warming to 1.5°C beyond reach without deep emissions reductions

- Options in all sectors available to at least halve emissions by 2030 but major energy sector transitions are required, IPCC scientists say

05.04.2022 Renewable , International Organization , Europe , Americas

Iran says it will review EU's 'final' text to restore nuclear deal

Guarded hopes as Iran nuclear talks resume in Vienna

Poland's climate min. calls for solidarity amid Europe's energy crisis

Russia transferring $15B for Türkiye for Akkuyu NPP

Spot market electricity prices for Wednesday, Aug. 11

Turkey's daily power consumption up 2.97% on July 16

Spot market electricity prices for Tuesday, July 13

Turkey's daily power consumption down 7.96% on July 11

Global coal consumption to rebound to record highs seen in 2013

High prices and economic weakness strongly to slow power demand growth

France likely to restart coal-fired power plant to deal with energy crisis fueled by Ukraine war

Experts warn of climate risks amid return to coal by some EU countries

Spot market natural gas prices for Monday, Aug. 9

Eni announces oil discovery in Western Desert of Egypt

US produces, consumes record high natural gas in 2019

Nigeria's president launches new gas pipeline project

Spot market natural gas prices for Thursday, July 1

Spot market natural gas prices for Monday, March 8

Spot market natural gas prices for Sunday Aug. 23

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Thursday, July 8

Spot market natural gas prices for Wednesday, May 5

Spot market natural gas prices for Monday, May 3

Spot market natural gas prices for Tuesday, April 27

German Evonik substitutes LPG for natural gas at large Marl site

Algerian LNG vessel to arrive in Türkiye on August 10

Türkiye's liquefied petroleum gas imports up 8.1% in May

Algerian LNG vessel to arrive in Türkiye on July 26

US crude oil inventories down 0.7% for week ending June 10

Oil prices increase with tight inventories

Oil prices up by over 2% for week ending April 2

Indonesia's Balongan refinery rocked by massive blast

Oil prices increase with tight inventories

Oil prices down after rise in US oil inventories

US oil rig count rises by 2 for week ending Jan. 22

ExxonMobil makes first discovery offshore Suriname

Aramco to develop major refinery, petrochemical complex in China

Saudi Aramco signs crude supply deal with Egyptian petrochemicals firm

Turkey's Tupras to invest $10B by 2050 as part of Strategic Transition Plan

Russian petchem giant SIBUR to boost investments to meet greater Turkish demand

TotalEnergies introduces summer fuel discount of €0.12 per liter

China to subsidize fuel prices should oil exceed $130

OMV sells filling stations in Germany for €485 million

Philippines' inflation hits government target amid high fuel prices

Global offshore wind installation triples in 2021

Siemens and Doosan plan partnership in Korean offshore wind market

Global offshore wind project capacity nearly doubles in 12 months

Vattenfall invests in 2 offshore wind projects outside Gothenburg

Solar PV supply chain diversification needed to ensure net zero emissions: IEA

Women solar engineers bring light to remote Zanzibar villages in Tanzania

Cero Generation combines power and agriculture in new solar plant in Italy

Vodafone to power UK operations with local solar farm

Hydro provides majority of Norway's power in March

UAE seen as candidate to become EU’s hydrogen supplier

President Erdogan inaugurates huge Ilisu Dam in southeastern Turkey

Ethiopia: TPLF on move to disrupt Ethiopian mega dam on Blue Nile

bp, mining company Rio Tinto ink deal for one-year trial of marine biofuels

World Bank's $300 million loan to boost Turkey's geothermal energy

Solid waste to be turned into resources in Gaziantep by UNDP supported plant

Turkey accounts for over one tenth of global geothermal capacity

bp to invest up to £50 million in new battery R&D center in UK

Türkiye plans $3 billion investment for electric cars, renewable energy

Cost of low carbon energy sources to "structurally and systematically" fall

Iberdrola interested in developing more sustainable grids

Türkiye plans $3 billion investment for electric cars, renewable energy

Energy efficiency paves emergency exit from energy crisis if action accelerated

bp and Linde to jointly develop carbon capture project in Texas

Southeast Asia needs $190B a year by 2030 to meet climate goals

Spot market natural gas prices for Thursday, May 5

Nickel-free tech could boost EV uptake due to surging nickel costs

Nickel trade suspended on London Metal Exchange due to systems error

Spot market natural gas prices for Tuesday, Feb. 22

Oil up on US inventory fall, UK vaccine approval

Fitch reduces oil price forecast due to higher supply

S. Arabia, Iraq discuss efforts to stabilize oil market

US crude oil inventories fall for week ending Aug. 14

Spot market electricity prices for Friday, Dec. 4

24/7 power with Turkey’s new mobile monitoring system

Turkey's daily power consumption up 3.28% on Sept. 8

Sudan: Flashpoint Ethiopian dam not related to floods