Oil falls from three-month highs after US-China deal
- Prices gained 1.5% on Friday to reach their highest level since Sept. 17
10:11
Övunç Kutlu
India to consume more energy than US by mid-2040s: EIA
- India projected to become world's second largest economy behind China by late 2030s, the administration says
13.12.2019
OPEC cuts disrupt planned oil projects worldwide
- 'Each time OPEC announces a cut, it affects planned projects across globe,' Dateline Energy Services CEO in Nigeria says
13.12.2019
Oil prices gain as US, China close on trade deal
- 'Getting VERY close to a BIG DEAL with China. They want it, and so do we!' Trump says on Twitter
13.12.2019
OPEC deal depends on member compliance with quotas: IEA
- 'Overall effectiveness of the OPEC+ agreement depends on the willingness of all its parties to fully comply,' agency says
12.12.2019
US coal production employment falls 41% since 2011
- Increased output from natural gas and renewables for electricity generation competes against coal
12.12.2019
Global oil production shows marginal rise in November
- Increase comes fro non-OPEC producers, but OPEC crude output falls month on month by 300,000 million barrels per day
12.12.2019
Brent gains with Fed's rate pause causing weaker dollar
- US central bank does not envisage any change in interest rate until 2021
12.12.2019
Aramco int'l listing unlikely, Tokyo closest: Analyst
- 'Product [oil] is volatile, geopolitics is volatile, and Aramco admits energy mix is transitioning,' Gaurav Sharma says
12.12.2019
Saudi Aramco market value exceeds $2 trillion on Thurs.
- Market valuation reaches $2.05 trillion on second day of public trading
12.12.2019
EIA revises up 2020 oil price forecast by $0.50 a barrel
- Brent crude estimated to average $60.50 per barrel next year
11.12.2019
Aramco shares start trading in Tadawul with 10% gain
- Oil company makes Saudi exchange Tadawul the world's ninth biggest stock market
11.12.2019
Saudis surprise while Russia wins in new OPEC deal
- Kingdom cements its power as swing producer by making 400,000 barrels a day voluntary curb
10.12.2019
Onshore wind capacity in US exceeds 100 gigawatts
- US estimated to have around 122 GW wind capacity by end of 2020
10.12.2019
Oil prices up with positive US, China trade talks
- Trade talks are 'heading in a good direction,' White House adviser Jared Kushner says
10.12.2019
'Libya deal shows Turkey determined to protect rights'
- Turkish president says other int'l actors cannot carry out activities in areas marked in maritime deal
10.12.2019
Democrats to announce impeachment articles Tuesday
- Lawmakers will focus on abuse of power and obstructing Congress, says report
10.12.2019
Turkey to resolutely continue to fight terrorism: VP
- YPG/PKK does not represent Kurds, but this terror group is as dangerous as Daesh, says Fuat Oktay
10.12.2019
Mexican senators approve USMCA trade deal: president
- Mexican president says now country is waiting on US to approve trade agreement
10.12.2019
Oil prices down as US trade war weakens Chinese exports
- Prices fail to rebound despite OPEC's decision to make further output cuts
09.12.2019
OPEC, allies to lower oil output 500,000 barrels more
- With additional voluntary 400,000-barrel cut from Saudi Arabia, OPEC+ total output to be down 2.1M barrels daily
06.12.2019
OPEC advised to lower oil output by 500,000 barrels
- Lower output levels advised in first quarter of 2020 because ‘oil demand is on the decline due to the winter season’
05.12.2019
Uncertainty over OPEC pick of deeper cuts or extension
- Some experts expect output cut deal extension until mid-2020, while others think deeper cuts are only way to support prices
03.12.2019
Oil prices gain as investors eye deeper OPEC cuts
- OPEC+ should make deeper cuts to raise crude prices, some experts say
03.12.2019
Oil giants' total income declines 56% in third quarter
- Top oil companies' total net income falls to $14.24 billion from $32.51 billion year-over-year
02.12.2019
Oil price gains with hopes of larger cut in OPEC output
- Some analysts view deeper production cuts as only way to boost crude oil prices
02.12.2019
Valeura reports positively on Turkey's Devepinar-1 well
- Valeura reports positive preliminary results recording best gas flow rates from its testing of BCGA play to date
29.11.2019
Oil prices down with market focus on OPEC meeting
- OPEC and allies expect to not only maintain but extend production cut up to end of June 2020 at upcoming OPEC meeting
29.11.2019
Building renewables industry through private sector
- Renewables offers solution to global warming, climate change and via Energiewende will help Germany move from nuclear power
29.11.2019
Germany’s natural gas imports up 25.6% in Jan-Sept
- Total natural gas imports increases year-on-year by 25,6 % in Jan-Sept, bill up 8,8%
28.11.2019
US Thanksgiving travel volume to be highest in 14 years
- 55 million people are expected to travel this Thanksgiving weekend
28.11.2019
Spot market natural gas prices for Wednesday, Nov. 27
- 1,000 cubic meters of natural gas in spot market costs 1,403 Turkish liras on Wednesday
28.11.2019
Saudi Aramco retail subscription hits $8.69 billion
- Retail portion of Saudi Aramco’s initial public offering is fully covered at 102%
28.11.2019
Oil down as Trump strains China relations with new laws
- Beijing says Washington has 'sinister intention and hegemonic nature' with Trump's signing of two bills regarding Hong Kong
28.11.2019
US crude oil production breaks new record high
- Crude output reaches all-time high of 12.9 million barrels a day
28.11.2019
Puerto Rico's power generation at pre-hurricanes level
- Island's electricity generation dropped from 1.57 million megawatt-hours in August 2017 to 0.27 million MWh in October 2017
27.11.2019
US' energy CO2 emissions rise first time in four years
- Energy-related CO2 emissions in US in 2018 shows 2.7% increase compared to 2017
27.11.2019
Oil steady as trade woes drive Chinese profits down
- Industrial firms' profits in China mark steepest decline in eight months
27.11.2019
Saudi Arabia becomes largest oil exporter to China
- Chinese crude imports from kingdom soars 77% to 1.98 million barrels per day from 1.12 million barrels per day in Oct. 2018
26.11.2019
Oil prices steady as investors focus on US, China trade
- After two sides discuss resolving main issues, consensus reached on how to resolve those, Beijing says
26.11.2019
Oil prices down as market focuses on OPEC meeting
- OPEC and allies expect to extend production cut agreement up to June 2020
25.11.2019
Oil up slightly for w/ending Nov. 22 after fluctuations
- Oil prices hit two-month high on Thursday
22.11.2019
Spot market electricity prices for Saturday, Nov. 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 122.79 million Turkish liras
22.11.2019
Spot market natural gas prices for Thursday, Nov. 21
- 1,000 cubic meters of natural gas in spot market costs 1,406 Turkish liras on Thursday
22.11.2019
US' Permian oil production to rise by 18.6% in 2020
- Crude production in Permian region estimated to average 4.3 million bpd in 2019, and 5.1 million bpd in 2020
22.11.2019
Oil down with China's retaliatory stance against US
- 'We are not afraid. When necessary we will fight back,' Chinese President Xi Jinping says on US threats over trade deal
22.11.2019
Turkey's daily power consumption up 0.71% on Nov. 21
- Turkey's electricity exports amount to 10,264 megawatt-hours, while imports reach 11,595 megawatt-hours
22.11.2019
Saudi Aramco vulnerable to climate change, report warns
- Extreme heat, rise in temperatures and sea levels, and flood risks could threaten company's operations
21.11.2019
China's coal capacity soars despite climate vow: Report
- Country needs to lower its coal power capacity over 40% to hold global warming below 2°C
21.11.2019
Oil loses gains after Trump questions China trade deal
- Losses follow crude prices gains during previous trading session as Russia renewed commitment to support OPEC
21.11.2019
Crude oil stocks in US rise slightly for w/e Nov. 15
- Commercial crude inventories increase by 1.4 million barrels
21.11.2019
Oil slumps as US, China relations strain further
- Trump threatens to raise tariffs on China and US Senate passes bill to protect human rights in Hong Kong
20.11.2019
Saudi Aramco's income higher than 9 oil majors combined
- Firm's earnings more than total of ExxonMobil, Chevron, ConocoPhillips, BP, Royal Dutch Shell, Total, Eni, Equinor, Rosneft
20.11.2019
Oil prices mixed with China's pessimism over trade deal
- So far, US slapped tariffs on Chinese imports worth $550 billion, while Beijing put tariffs on US goods worth $185 billion
19.11.2019
Oil prices mixed despite positive US, China trade talks
- Two countries reported to have had "constructive discussions on each other's core concerns"
18.11.2019
Profitable Saudi oil to prompt demand for Aramco IPO
- "You are buying on the basis that it is highly profitable, and there is going to be demand for Saudi oil," expert says
15.11.2019
Oil gains as US crude inventory draw less than estimate
- On demand side, pressure on crude could occur with rising dollar after Fed Chair's comments on potential end to rate hikes
14.11.2019
EIA keeps oil price forecasts unchanged for 2020
- Brent crude estimated to average $60 a barrel next year
14.11.2019
Oil down as Trump threatens China with more tariffs
- "... nobody’s cheated better than China," US President Donald Trump says
13.11.2019
Oil recovers as Saudis to cut production for Aramco IPO
- Higher prices would benefit Saudi Aramco's initial public offering by rising investors' demand for company's shares
12.11.2019
Saudi Aramco to sell 0.5% in IPO to retail investors
- Oil reserves of company, estimated at 209 billion barrels, comes in as second largest in world after Venezuela
11.11.2019
Saudi Aramco to sell 0.5% in IPO to retail investors
- Oil reserves of company, estimated at 209 billion barrels, comes in as second largest in world after Venezuela
11.11.2019
Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11
- World's most profitable company targets $2 trillion valuation that is set to surpass Microsoft, Apple, Alphabet
11.11.2019
Oil down slightly for week with oversupply, weak demand
- Oil prices fail to gain despite US-China trade optimism
08.11.2019
Spot market electricity prices for Saturday, Nov. 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 131.86 million Turkish liras
08.11.2019
Spot market natural gas prices for Thursday, Nov. 7
- 1,000 cubic meters of natural gas in spot market costs 1,407 Turkish liras on Thursday
08.11.2019
Turkey introduces 4 new domestic boron products
- Turkey will produce 8% of world's boron carbide needs after Balikesir facility is completed, energy minister says
08.11.2019
Oil rises as US, China to roll back tariffs for deal
- Approval of phase one of interim trade deal dependent on both countries removing reciprocal tariffs
07.11.2019
Oil prices steady as markets await US-China trade deal
- Donald Trump, Xi Jinping meeting to sign phase one trade deal postponed to next month
07.11.2019
Chesapeake net loss shrinks, revenue falls in 3rd qtr.
- Revenue decreases to $2.09 billion in third quarter of 2019, marking a 13.6% decline year-over-year
06.11.2019
Oil prices down with crude inventory build in US
- US crude oil inventories are forecast to rise by 4.26 million barrels for week ending Oct. 31, according to API figures
06.11.2019
Turkiye Finans lends €107 mln. for Kocatepe wind plant
- Bank is sole Turkish institution financing Kocatepe plant
05.11.2019
Turkey's renewable share in electr. at 46% in 10 months
- Local and renewable energy combined show record high share of 64% in electricity production, energy minister says
05.11.2019
Oil prices up with US-China trade deal optimism
- World's two largest economies and oil consumers expected to reach some form of a deal by year-end
05.11.2019
Associated natural gas adds to US gas output growth
- Rising crude oil production leads to growing share of natural gas output from oil wells
04.11.2019
Saudi Aramco prepares for $2T IPO in Tadawul on Dec. 11
- World's most profitable company targets $2 trillion valuation that is set to surpass Microsoft, Apple, Alphabet
04.11.2019
Oil prices down with oversupply, weak demand
- US oil output at record level, while US-China trade war remains unresolved
04.11.2019
Turkey 'active member' in anti-Daesh/ISIS effort: US
- Turkey 'continued to provide access to its airspace and facilities for operations in Iraq and Syria,' says State Dept.
02.11.2019
Turkey, Russia to clear N.Syria of terrorists
- Turkey, Russia agreed to clear area 30 km south of Turkish-Syrian border of YPG/PKK terrorists: Turkish foreign minister
02.11.2019
Baghdadi was US 'brainchild': Russian Foreign Minister
- Sergey Lavrov says Daesh emerged after 'illegal invasion' in Iraq
02.11.2019
Fitch revises Turkey's outlook from negative to stable
- Credit agency affirms country’s 'BB-' rating
02.11.2019
Spot market electricity prices for Sunday, Nov. 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 81.7 million Turkish liras
02.11.2019
Spot market natural gas prices for Friday, Nov. 1
- 1,000 cubic meters of natural gas in spot market costs 1,425 Turkish liras on Friday
02.11.2019
Chevron's revenue, net income decline in third quarter
- Net income falls 36.3%, revenue decreases 17.9% year-over-year
02.11.2019
Turkey's daily power consumption up 2.17% on Nov. 1
- Turkey's electricity exports amount to 8,371 megawatt-hours, while imports reach 8,635 megawatt-hours on Friday
02.11.2019
Oil steady after losses with US, China trade woes
- Oil prices lose more than 1.8% on Friday from previous trading session
01.11.2019
Baker Hughes income quadruples in third quarter
- Net income comes in at $57 million in July-September period, up from $13 million
31.10.2019
Hess revenue falls, net loss widens in third quarter
- Company posts net loss of $205 million in third quarter, while revenue is down 17.5% from same period of last year
31.10.2019
Oil prices recover with US Federal Reserve rate cut
- Crude prices, indexed to US dollar, show gains as cheaper greenback triggers rise in overall oil demand
31.10.2019
IMF revises down Middle Eastern oil exporters' growth
- Oil exporting countries in region are expected to grow 1.3% in 2019, down 0.9 percentage points
28.10.2019
US petroleum product exports rise in first half of 2019
- However, growth in petroleum exports marks slowest year-over-year increase for any six-month period in past 13 years
25.10.2019
OPEC losing control, share in global oil market
- Controlling 70% of world oil supply in 1970s, OPEC's share in global oil market fell to 29% in September
25.10.2019
Oil mixed with economic slowdown, OPEC's likely cuts
- Employment in German private sector sees first decline in last six years in October signaling potential economic slowdown
25.10.2019
Offshore wind to become $1 trillion industry by 2040
- Global offshore wind installed capacity is expected to reach 560 gigawatts in 2040, new Int. Energy Agency report says
25.10.2019
ANALYSIS - OPEC losing control, share in global oil market
- Controlling 70% of world oil supply in 1970s, OPEC's share in global oil market fell to 29% in September
24.10.2019
More incentives for China's gas output as imports rise
- To be in effect through 2023, subsidy program will help gas production from tight formations
24.10.2019
Oil down as US crude output remains at record high
- World's largest crude oil producer shows output remains at record high level of 12.6 million barrels per day
24.10.2019
US crude oil stocks fall contrary to market expectation
- Commercial crude oil stocks decline by 1.7 million barrels, although market expectation was a rise of 2.2 million barrels
24.10.2019
ExxonMobil's climate change trial begins in New York
- Energy giant is accused of deceiving investors
23.10.2019