Rosneft income falls 77%, revenue down 51% in 2Q20
- Company has net loss of 113 billion rubles ($1.55 billion) in first six month of 2020
14.08.2020
Övunç Kutlu
US gasoline supply post largest monthly rise since 1945
- Easing stay-at-home orders cause rise in gasoline use, but jet fuel demand remains low with weak commercial air travel
14.08.2020
Trump scraps Obama methane limits in oil, gas sectors
- Decision is a major setback in climate regulations as methane is more potent than CO2 as heat-trapping gas in atmosphere
14.08.2020
US' gas-fired electricity generation rises 9% in 1H20
- Increase in natural gas-fired generation result of low gas prices, additions in gas-fired power capacity
13.08.2020
Brent oil prices down amid global pandemic crisis
- New Zealand has confirmed 14 local cases of virus after 102 days
13.08.2020
Global oil production increases in July 2020
- Global oil demand in 2020 is estimated to be 9.06 million barrels a day lower than last year
12.08.2020
US' LNG exports to remain low this summer: EIA
- Decline in global gas demand, rising gas inventories, increasing global LNG capacity cause gas prices reach all-time lows
12.08.2020
EIA revises up Brent oil forecast by almost $1 for 2020
- International benchmark expected to average $41.40 per barrel this year
12.08.2020
Spot market electricity prices for Wednesday, August 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 175.78 million Turkish liras
11.08.2020
Spot market natural gas prices for Monday, August 10
- 1,000 cubic meters of natural gas on spot market costs 1,415 Turkish liras
11.08.2020
Turkey's daily power consumption up 11% on August 10
- Turkey's electricity exports amount to 3,991 megawatt-hours, while imports reach 2,447 megawatt-hours
11.08.2020
Brent oil $45 a barrel as markets await US relief bill
- US Treasury Secretary Steven Mnuchin says a deal could be reached this week
11.08.2020
Spot market electricity prices for Sunday, August 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 154.77 million Turkish liras
08.08.2020
Spot market natural gas prices for Friday, August 7
- 1,000 cubic meters of natural gas on spot market costs 1,408 Turkish liras
08.08.2020
Iran moves from oil to petrochemicals in export
- Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue
08.08.2020
Turkey, TRNC do not condone theft of rights in E. Med.
- Egypt, Greece deal new example of two countries not obeying laws, Ersin Tatar says
08.08.2020
Turkey's daily power consumption up 0.42% on August 7
- Turkey's electricity exports amount to 5,735 megawatt-hours, while imports reach 7,676 megawatt-hours
08.08.2020
US oil rig count falls by 4 for week ending Aug. 7
- Number of oil rigs in US hit lowest level since July 2005
08.08.2020
Libya welcomes US sanctions on oil smuggler network
- Competition for control of smuggling routes, oil facilities deprives Libyan people of economic resources, US Treasury Department says
07.08.2020
US converts 121 coal-fired plants since 2011
- Decision to covert driven by stricter emission standards, low natural gas prices, more efficient gas turbine technology
06.08.2020
US crude oil prod. in May posts record monthly decline
- Crude output in US posts largest monthly fall since January 1980
05.08.2020
Spot market electricity prices for Wednesday, August 5
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 172.4 million Turkish liras
04.08.2020
Spot market natural gas prices for Monday, August 3
- 1,000 cubic meters of natural gas on spot market costs 1,385 Turkish liras
04.08.2020
BP posts $16.8 billion loss in second quarter of 2020
- Firm's total loss widens to $21.2 billion for first half of year
04.08.2020
Turkey's daily power consumption up 2.73% on August 3
- Turkey's electricity exports amount to 5,401 megawatt-hours, while imports reach 1,995
04.08.2020
Oil prices down as OPEC raises crude output
- OPEC+ group lowers oil output cut by 2 million bpd from Aug. 1 onwards
04.08.2020
'Global air traffic recovery slower than expected'
- Global passenger traffic to not catch pre-COVID-19 levels before 2024, says International Air Transport Association
29.07.2020
US coal production falls to lowest level since 1978
- Country on target for further declines in coal production this year to levels comparable with 1960s
29.07.2020
Turkey ready for talks with Greece sans preconditions
- Ankara willing to turn Mediterranean into region of peace, not conflict, says presidential spokesman
29.07.2020
Turkish Central Bank posts $86.3B in June reserves
- Foreign currency reserves amount to $45.8B, gold reserves $39.1B, official data show
29.07.2020
Oil prices up with estimated decline in US crude stocks
- Forecast of US crude inventory fall signals increases in US oil consumption
29.07.2020
EU: Household consumption drops sharply in Q1
- EU, eurozone see highest decrease in household consumption due to pandemic in 1st quarter
28.07.2020
World Bank funds solar project to power 1.4M Ugandans
- Only one in 5 Ugandans living in rural areas have access to sufficient electricity
28.07.2020
Forty US firms reduce asset value by $48B in 1st qtr.
- The 40 publicly traded oil companies produce about 30% of all US liquids production in first quarter
28.07.2020
Oil mixed as US dollar plunge ends and virus cases rise
- After recording lowest rate since June 2018, US dollar index was up 0.3% with $1 trillion stimulus package introduced in US
28.07.2020
Ethiopia showcases first locally-assembled electric car
- Such investments will support country’s climate resilience and greening ambitions, says premier
28.07.2020
Oil up with low dollar index and US-China tension
- Escalating tensions between US and China reignite fears of poor economic activity and low oil demand
27.07.2020
Schlumberger posts net loss, revenue decline in 2nd qtr
- North America takes largest hit for company who saw 58% revenue decline in region
24.07.2020
Oil prices head for 1% weekly gain with weak US dollar
- US dollar index declines in 10 of last 11 trading days, offering cheaper prices for oil importers and raising their demand
24.07.2020
Novatek ships first Yamal LNG to Japan
- LNG cargo is company’s first successful experience of entering and unloading Arc 7 ice-class LNG tanker in a Japanese port
24.07.2020
Oil prices steady as weak dollar balances low demand
-Importers benefit from weak US dollar which hit lowest level since Sep. 2018 to offset low demand from rising COVID-19 cases
24.07.2020
Baker Hughes net loss widens, revenue down in 2nd qtr.
- Risks of second wave of virus and high unemployment forge uncertain economic environment through 2020, CEO says
23.07.2020
Petrobras oil production down due to reduced demand
- Company says it is facing sharp oil price drop, demand decline and market supply surplus
23.07.2020
Oil prices up as weak US dollar spurs higher demand
- US dollar index at lowest level of four and a half months
23.07.2020
US crude oil stocks rise against market expectation
- Commercial crude oil stocks increase by 4.9 million barrels, against market forecast of 2.1 million barrel decline
23.07.2020
Oil ends rally with forecast rise in US crude stocks
- Crude prices soared by more than 2% on previous session with US dollar index hitting lowest level since March
22.07.2020
US petroleum demand to remain low until August 2021
- US consumption of liquid fuels in April reached all-time monthly low since early 1980s
21.07.2020
Halliburton posts net loss, revenue decline in 2nd qtr.
- Revenue down 46% with net losses of $1.68 billion in second quarter of 2020
21.07.2020
Oil prices up as EU agrees on budget, coronavirus aid
- Investors hopeful that €750 billion relief package will restart European economy and boost oil consumption on continent
21.07.2020
Chevron agrees to buy Noble Energy for $5 billion
- Deal will add Noble's hydrocarbon reserves to Chevron's portfolio
20.07.2020
Canada's oil production hits lowest level since 2016
- Oil production falls by 700,000 barrels per day in April, and by another 640,000 barrels per day in May
20.07.2020
US uranium production falls to all-time low in 2019
- Canada was largest source of US uranium imports in 2019, followed by Kazakhstan, Australia and Russia
20.07.2020
Oil prices down with rising coronavirus cases worldwide
- Rising COVID-19 cases weakens world economic outlook and oil demand, implying oil consumption will likely remain low
20.07.2020
US share of Turkish LNG imports rises with cheap prices
- Turkey can use cheap US LNG to diversify sources, enhance negotiations and export to southern Europe, investor says
18.07.2020
Oil prices down with rising coronavirus cases worldwide
- Confirmed cases in US surpass 3.5 million mark
17.07.2020
US tells companies to 'get out' of Russian gas projects
- Companies involved in Nord Stream 2 and second line of Turk Stream projects at risk of sanctions, says top US diplomat
15.07.2020
Global oil production declines in June 2020
- Global oil demand in 2020 is estimated to be 8.95 million barrels a day lower than last year
14.07.2020
Oil down with record virus cases, US-China tension
- 230,000 COVID-19 cases were reported to WHO on Sunday -- a single-day world record
14.07.2020
OPEC share of global crude output falls to 39% in 2019
- Iran and Venezuela each see a year-over-year 33% decline in crude oil output
13.07.2020
US produces, consumes record high natural gas in 2019
- Natural gas production rises 10% while consumption increases 3.1% from previous year
13.07.2020
Oil prices down with record new virus cases in US state
- Rising number of COVID-19 cases lowers economic recovery outlook and oil consumption in US
13.07.2020
Spot market electricity prices for Monday, July 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 146.24 million Turkish liras
12.07.2020
Spot market natural gas prices for Saturday, July 11
-1,000 cubic meters of natural gas in spot market costs 1,286 Turkish liras
12.07.2020
Libya: Haftar stipulates conditions to allow oil flow
- Warlord Khalifa Haftar wants equal distribution of oil revenue and proceeds to be deposited in foreign bank
12.07.2020
Turkey's daily power consumption down 3.28% on July 11
- Turkey's electricity exports amount to 2,171 megawatt-hours, while imports total 8,183 megawatt-hours
12.07.2020
IEA: Global oil supply falls to nine-year low in June
- Record OPEC+ cuts drive most of decline in June as group boosts compliance to 108% from 88% a month earlier
10.07.2020
Oil prices down with record new COVID-19 cases globally
- Daily number of coronavirus cases in world spiked by 223,230 on Thursday to break single-day record
10.07.2020
Oil prices down with surprise rise in US crude stocks
- On demand side, risks over a second wave of COVID-19 continue to keep outlook for global oil demand weak
09.07.2020
US crude oil stocks increase against market expectation
- Commercial crude oil stocks rise by 5.7 million barrels, against market forecast of a decline of 3.1 million barrels
09.07.2020
Spot market electricity prices for Thursday, July 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 156.23 million Turkish liras
08.07.2020
Spot market natural gas prices for Tuesday, July 7
-1,000 cubic meters of natural gas in spot market costs 1,255 Turkish liras
08.07.2020
US approves LNG export from Jordan Cove in Oregon
- Project will export up to 30.6 million cubic meters per day of natural gas from Canada and US
08.07.2020
Turkey's daily power consumption hits record on July 7
- Hourly consumption peaked at 17.00 local time with 43,638 megawatt-hours, posting another record for hourly electricity use
08.07.2020
Oil prices down with estimate of US crude stock buildup
- Crude oil inventories in US are expected to rise by 2.05 million barrels for week ending July 3
08.07.2020
EIA revises up Brent price forecast by $2.50 for 2020
- International benchmark expected to average $40.50 per barrel this year
08.07.2020
EU economy hit by pandemic harder than expected
- EU summer economic forecast shows gloomier picture compared to spring projections
08.07.2020
Trump administration formally pulls US out of WHO
- 'This won't protect American lives or interests,' says top Democratic senator on decision
08.07.2020
Turkey, Russia hold 20th joint patrol in northern Syria
- Patrol conducted with participation of ground and aerial elements, says Turkey's Defense Ministry
08.07.2020
UK to resume Saudi arms sales after year-long hiatus
- Campaign Against Arms Trade calls it 'a disgraceful and morally bankrupt decision'
08.07.2020
US gas exports to Mexico to rise with p/line extension
- Extension to increase natural gas sent from the US to Mexico by 25.2 million cubic meters per day
07.07.2020
Oil down with more COVID-19 cases in key US states
- Number of COVID-19 cases in California, Texas, Florida are each above 200,000 mark
07.07.2020
Oil prices up with lowest US rig count since June 2009
- Decline in oil rig count suggests that crude oil production in US will decrease in short term
06.07.2020
Oil prices up around 5% for week ending July 3
- US commercial crude oil inventories signal rising demand in world's largest oil consuming country
03.07.2020
Oil prices down with record new COVID-19 cases in US
- Record number of new cases in world's biggest oil consumer indicates that oil demand is likely to remain low in 3rd quarter
03.07.2020
Non-fossils account for 20% of US energy use in 2019
- US total renewable energy consumption surpassed coal consumption last year for first time in 130 years
02.07.2020
Goldman Sachs expects full oil demand recovery in 2022
- Global oil demand to decline by 8% in 2020, and increase by 6% in 2021
02.07.2020
Oil prices up with fall in US crude inventories
- Summer season provides positive outlook for global oil consumption through September
02.07.2020
US crude oil stocks fall more than market expectation
- Commercial crude oil inventories decrease by 7.2 million barrels, higher than market forecast of 0.7 million barrels
02.07.2020
OPEC Sec. Gen. joins African meeting to discuss energy
- Secretary General Barkindo calls for cooperation to sustain oil market stability
01.07.2020
US industrial power sales lowest in April since 1987
- Stay-at-home orders against COVID-19, which moved office workers to working from home, also affected commercial power sales
01.07.2020
US oil production increases by 134% in 11 years
- Between 2009-2019, US share of world oil production jumped from 8.91% to 17.9%, almost doubling in 11 years
01.07.2020
Oil up with estimate of large US crude stock withdrawal
- Crude oil inventories in US are expected to decline by 8.1 million barrels for week ending June 26
01.07.2020
Shell: Low oil prices to lower asset value up to $22B
- Energy company points to impacts of COVID-19 and challenging commodity price environment
30.06.2020
Oil prices retreat as Libya escalates oversupply worries
- Libya's NOC is hopeful that regional countries will lift blockade
30.06.2020
Spot market electricity prices for Sunday, June 28
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 112.5 million Turkish liras
27.06.2020
Spot market natural gas prices for Friday, June 26
-1,000 cubic meters of natural gas in spot market costs 1,490 Turkish liras
27.06.2020
Turkey's daily power consumption up 0.7% on June 26
- Turkey's electricity exports amount to 4,176 megawatt-hours, while imports total 10,180 megawatt-hours
27.06.2020
US oil rig count falls fifteenth week in a row
- In the past 15 weeks, the decline in US oil rig count totaled 495, according to the data
27.06.2020
Oil prices recover from weekly losses with demand rise
- Driving season supports uptick in oil consumption and aids price recovery
26.06.2020
New oil price benchmarks introduced for US Gulf Coast
- Alternative to WTI, new pricing to reflect crude oil trade made via sea from US Gulf Coast
26.06.2020