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Energy crunch: what are EU's options in case of scarce Russian gas?
- Escalation in tension between Russia and Ukraine fuels worries over a new energy crisis in EU
US crude oil inventories up 0.6% for week ending Jan. 21
- Commercial crude oil stocks increase by 2.4 million barrels, against market expectation of 400,000-barrel drop
Turkiye's daily power consumption down 0.8% on Jan. 25
- Electricity exports amount to 8,674 megawatt-hours and imports total 9,126 megawatt-hours
Uzbekistan, Kazakhstan and Kyrgyzstan face massive power outages
- Work is ongoing to resolve malfunction, according to media outlets
Oil up over supply tightness amid tensions in Eastern Europe, Middle East
- US officially orders “departure of eligible family members” of staff at its embassy in Kyiv
Spot market electricity prices for Monday, Jan. 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 598.09 million Turkish liras
Spot market natural gas prices for Saturday, Jan. 22
- 1,000 cubic meters of natural gas on spot market costs 10,089 Turkish liras
Turkiye's daily power consumption down 4.3% on Jan. 22
- Electricity exports amount to 13,785 megawatt-hours and imports total 14,392 megawatt-hours
Oil up over tight supply, reduced fears of omicron impact
- Possibility of omicron coronavirus variant shifting to "endemic pattern" relieves market jitters
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US crude oil inventories down 1.1% for week ending Jan. 7
- Commercial crude oil stocks decrease by 4.6 million barrels, exceeding market expectation of 1.95 million-barrel drop
Spot market electricity prices for Thursday, Jan. 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 796.75 million Turkish liras
Spot market natural gas prices for Tuesday, Jan. 11
- 1,000 cubic meters of natural gas on spot market costs 10,088 Turkish liras
Turkiye's daily power consumption up 2.6% on Jan. 11
- Electricity exports amount to 12,699 megawatt-hours and imports total 15,243 megawatt-hours
European LNG imports on rise to ease ongoing energy crunch
- Additional LNG can help reduce current deficit, but few volumes will not reduce price significantly, energy expert says
Oil up over tight supply as demand recovery continues
- Weaker US dollar also supports upward price trend
Spot market electricity prices for Friday, Jan. 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 797.2 million Turkish liras
Spot market natural gas prices for Wednesday, Jan. 5
- 1,000 cubic meters of natural gas on spot market costs 10,088 Turkish liras
Turkiye's daily power consumption up 0.03% on Jan. 5
- Electricity exports amount to 13,150 megawatt-hours and imports total 13,260 megawatt-hours
Turkey's mining exports reach historic high of $5.9 billion in 2021
- Top export routes include China, the US, Spain, Bulgaria and Belgium, energy minister says
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Spot market electricity prices for Tuesday, Jan. 4
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 651.32 million Turkish liras
Spot market natural gas prices for Sunday, Jan. 2
- 1,000 cubic meters of natural gas on spot market costs 10,070 Turkish liras
Turkey's daily power consumption down 12% on Jan. 2
- Electricity exports amount to 9,560 megawatt-hours and imports total 15,032 megawatt-hours
Spot market electricity prices for Saturday, Jan. 1
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 505.4 million Turkish liras
Spot market natural gas prices for Thursday, Dec. 30
- 1,000 cubic meters of natural gas on spot market costs 6,924 Turkish liras
Turkey's daily power consumption down 2.5% on Dec. 30
- Electricity exports amount to 10,795 megawatt-hours and imports total 11,736 megawatt-hours
Turkey's energy import bill up 160.3% in November 2021
- Country's crude oil imports 15.7% up compared to November 2020
Oil slightly up over larger-than-expected inventory fall
- Concerns over Omicron variant remain as countries face fresh records in daily infections
US crude oil inventories down 0.8% for week ending Dec. 24
- Commercial crude oil stocks decrease by 3.6 million barrels, exceeding market expectation of 3.2 million-barrel drop
Spot market electricity prices for Tuesday, Dec. 28
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 566.51 million Turkish liras
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Spot market natural gas prices for Sunday, Dec. 26
- 1,000 cubic meters of natural gas on spot market costs 6,924 Turkish liras
Spot market electricity prices for Friday, Dec. 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 594.81 million Turkish liras
Spot market natural gas prices for Wednesday, Dec. 22
- 1,000 cubic meters of natural gas on spot market costs 6,918 Turkish liras
Turkey's daily power consumption down 1.2% on Dec. 22
- Electricity exports amount to 8,453 megawatt-hours and imports total 9,123 megawatt-hours
Highlights of Turkish energy market in 2021
- New Black Sea gas discovery, booming renewable energy market and renewed climate efforts were some of many hot topics in 2021
Spot market electricity prices for Wednesday, Dec. 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 573.53 million Turkish liras
Spot market natural gas prices for Monday, Dec. 20
- 1,000 cubic meters of natural gas on spot market costs 6,923 Turkish liras
Spot market electricity prices for Sunday, Dec. 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 479.54 million Turkish liras
Spot market natural gas prices for Friday, Dec. 17
- 1,000 cubic meters of natural gas on spot market costs 6,915 Turkish liras
Turkey's daily power consumption up 0.01% on Dec. 17
- Electricity exports amount to 10,501 megawatt-hours and imports total 10,777 megawatt-hours
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US oil rig count up by 4 for week ending Dec. 17
- Number of US oil rigs rise by 212 compared to one year ago
Israel to halt gas research, dubbing 2022 'year of renewable energy'
- Israel will not embark on fourth stage of licensing for gas exploration, Israeli minister says
British regulator Ofgem to stress-test energy sector to boost financial resilience
- Record global gas prices this year have exposed vulnerability of some energy suppliers, British regulator says
European gas futures up 12.5% amid Nord Stream 2 license suspension concerns
- Pipeline does not meet requirements under European energy law, Germany's foreign minister says
Oil increases more than 5% in week ending Dec. 10
- Stalemate in US-Iran talks and relief over vaccine efficiency on new variant support higher prices
Rising energy prices unsustainable: EU chief
- Ursula von der Leyen stresses Europe's future energy security "clearly depends on clean home-grown energy"
Oil prices up from market relief over new variant worries
- Decrease in US crude stocks also support upward price trend
US crude oil inventories down 0.1% for week ending Dec. 3
- Commercial crude oil stocks decrease by 200,000 barrels, against market expectation of 2.09 million-barrel rise
Spot market electricity prices for Wednesday, Dec. 8
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 616.39 million Turkish liras
Spot market natural gas prices for Monday, Dec. 6
- 1,000 cubic meters of natural gas on spot market costs 6,753 Turkish liras
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Turkey's daily power consumption up 13.9% on Dec. 6
- Electricity exports amount to 8,508 megawatt-hours and imports total 11,450 megawatt-hours
Oil up as major oil producers set to decide supply policy at OPEC+ meeting
- Decision will be taken amid new COVID-19 variant that is raising concerns over economic recovery and global fuel demand
US crude oil inventories down 0.2% for week ending Nov. 26
- Commercial crude oil stocks decrease by 900,000 barrels, against market expectation of 1.7 million-barrel fall
Spot market electricity prices for Thursday, Dec. 2
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 527.63 million Turkish liras
Spot market natural gas prices for Tuesday, Nov. 30
- 1,000 cubic meters of natural gas on spot market costs 4,649 Turkish liras
Turkey's daily power consumption up 15.4% on Nov. 30
- Electricity exports amount to 13,538 megawatt-hours and imports total 11,221 megawatt-hours
Oil declines more than 1% in week ending Nov. 26
- Investors eye OPEC+ response to possible emergency reserve sales to be discussed at upcoming meeting on Dec. 2
Spot market natural gas prices for Tuesday, Nov. 23
- 1,000 cubic meters of natural gas on spot market costs 4,649 Turkish liras
Turkey's Tupras to invest $10B by 2050 as part of Strategic Transition Plan
- Company kickstarts its strategic transition roadmap to become carbon neutral by 2050
Germany's E.ON to invest €27 billion for energy transition up to 2026
- Decarbonization of Europe's economies places energy industry at threshold of key decade of growth, company CEO says
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Spot market electricity prices for Thursday, Nov. 18
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 515.62 million Turkish liras
Spot market natural gas prices for Tuesday, Nov. 16
- 1,000 cubic meters of natural gas on spot market costs 4,640 Turkish liras
Turkey's daily power consumption up 3% on Nov. 16
- Electricity exports amount to 11,613 megawatt-hours and imports total 9,149 megawatt-hours
Oil prices fall with build in US crude stocks
- Possibility of US crude release from its emergency reserves also puts pressure on prices
Spot market electricity prices for Wednesday, Nov. 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 484.69 million Turkish liras
Spot market natural gas prices for Monday, Nov. 15
- 1,000 cubic meters of natural gas on spot market costs 4,615 Turkish liras
OPEC revises down 2021 global oil demand, keeps it unchanged for 2022
- Crude output rises mainly in Saudi Arabia and Venezuela, but decreases in Nigeria and Gabon, OPEC says
Oil up slightly after dip in previous gains on rising inflation and crude stocks
- Data release on US gasoline stocks also exert price pressure
Spot market electricity prices for Sunday, Nov. 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 356 million Turkish liras
Spot market natural gas prices for Friday, Nov. 5
- 1,000 cubic meters of natural gas on spot market costs 4,573 Turkish liras
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Turkey's daily power consumption down 1.5% on Nov. 5
- Electricity exports amount to 13,917 megawatt-hours and imports total 9,584 megawatt-hours
US oil rig count up by 6 for week ending Nov. 5
- Number of US oil rigs rise by 224 compared to one year ago
EU should take measures against using gas as bargaining chip, expert warns
- Russia behaves as unreliable gas supplier for EU, says Central Europe Energy Partners executive director
Spot market electricity prices for Wednesday, Nov. 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 506.1 million Turkish liras
Spot market natural gas prices for Monday, Nov. 1
- 1,000 cubic meters of natural gas on spot market costs 4,556 Turkish liras
Turkey's daily power consumption up 17% on Nov. 1
- Electricity exports amount to 11,391 megawatt-hours and imports totaled 6,975 megawatt-hours
Spot market electricity prices for Wednesday, Oct. 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 458.72 million Turkish liras
Spot market natural gas prices for Monday, Oct. 25
- 1,000 cubic meters of natural gas on spot market costs 3,424 Turkish liras
Turkey's daily wind power generation hits record high
- Nearly 20% of total electricity was generated from wind on Monday
Leading Chinese coal producers set to cap coal prices amid energy crisis
- Although China has approved over 200 Mtpa of new capacity since late September, demand is still outpacing supply, expert says
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Electric vehicles' global market share projected to reach 29% by 2025
- Covid-19 relief packages resulted in new policy support for EVs, making them more affordable compared to ICEs, expert says
Turkey's daily power consumption down 0.04% on Oct. 20
- Electricity exports amount to 11,496 megawatt-hours and imports total 11,432 megawatt-hours
Set up of EU strategic gas reserve will not solve current energy crisis, experts say
- EU leaders are due to discuss options to mitigate effects of energy crisis in upcoming summit on Oct. 21-22
Gazprom's gas exports increase over 13% between Jan. 1 and Oct. 15
- Company's exports to Turkey increase by 125.3%, according to latest data
Spot market electricity prices for Tuesday, Oct. 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 316.58 million Turkish liras
Spot market natural gas prices for Sunday, Oct. 17
- 1,000 cubic meters of natural gas on spot market costs 3,183 Turkish liras
Turkey's daily power consumption down 9.4% on Oct. 17
- Electricity exports amount to 16,237 megawatt-hours and imports total 15,112 megawatt-hours
Net zero emissions by 2050 will require up to six-times more minerals
- Lithium is estimated to see fastest growth with demand up over 100 times from current level through to 2050, IEA says
EU unveils "toolbox" to tackle sharp spike in energy prices
- Toolbox presented Wednesday allows for coordinated response to protect those most at risk, the Commission says
Spot market electricity prices for Wednesday, Oct. 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 356.12 million Turkish liras
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Spot market natural gas prices for Monday, Oct. 11
- 1,000 cubic meters of natural gas on spot market costs 3,123 Turkish liras
Turkey's daily power consumption up 13.5% on Oct. 11
- Electricity exports amount to 13,549 megawatt-hours, while imports total 10,543 megawatt-hours
Oil prices up over supply worries coupled with growing demand
- Soaring coal and gas prices make oil an attractive, cheaper alternative for power generation
Spot market electricity prices for Monday, Oct. 11
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 346.24 million Turkish liras
Spot market natural gas prices for Saturday, Oct. 9
- 1,000 cubic meters of natural gas on spot market costs 2,816 Turkish liras
Turkey's daily power consumption down by 3.9% on Oct. 9
- Electricity exports amount to 18,099 megawatt-hours, while imports total 18,336 megawatt-hours
Five EU countries urge action on soaring energy prices
- Countries point to need for European policy toolkit to coordinate national responses to immediately react to dramatic price surges
Spot market electricity prices for Wednesday, Oct. 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 338.3 million Turkish liras
Spot market natural gas prices for Monday, Oct. 4
- 1,000 cubic meters of natural gas on spot market costs 2,526 Turkish liras