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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
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
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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
Turkey's daily power consumption up by 13.2% on Oct. 4
- Electricity exports amount to 14,413 megawatt-hours, while imports total 11,110 megawatt-hours
Oil up over 3% amid tight supply, large US stockpile draw in w/e Sept. 24
- However China's first public sale of state reserves on Friday limits price gains
Oil up over ongoing tight US supply, China's crude sales from reserves
- China's first sale from its strategic reserves totals 4.43 million barrels
Spot market electricity prices for Friday, Sept. 24
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 300.92 million Turkish liras
Spot market natural gas prices for Wednesday, Sept. 22
- 1,000 cubic meters of natural gas on spot market costs 2,443 Turkish liras
Turkey's daily power consumption down 1.2% on Sept. 22
- Electricity exports amount to 15,941 megawatt-hours, while imports total 10,055 megawatt-hours
Oil up over more-than-expected fall in US crude supplies
- US commercial crude oil inventories drop by 3.5 million barrels, while expectation was 2.4 million-barrel draw
Oil up over estimated fall in US crude stocks, tight supply
- American Petroleum Institute forecasts larger-than expected drop of 6.11 million barrels in US stockpiles
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Oil up on ongoing US supply disruptions ahead of stockpile projection data
- Shell reports significant structural damage in its offshore facilities at hurricane-hit Gulf of Mexico
Spot market natural gas prices for Friday, Sept. 17
- 1,000 cubic meters of natural gas on spot market costs 2,389 Turkish liras
Turkey's daily power consumption down 2% on Sept. 17
- Electricity exports amount to 18,187 megawatt-hours, while imports total 12,063 megawatt-hours
US oil rig count up by 10 for week ending Sept. 17
- Number of US oil rigs rise by 232 compared to one year ago
Oil up over 2% amid US supply disruption in week ending Sept. 17
- Positive demand projections for next year, more-than-expected drop in US stockpiles also supported price gains
Oil down as strong dollar offsets US supply disruptions
- Soaring natural gas prices are also limiting downward trend in crude
Turkey's daily power consumption down 0.9% on Sept. 15
- Electricity exports amount to 15,736 megawatt-hours, while imports total 6,771 megawatt-hours
Oil up as US fuel stocks drop over expectations
- However markets are projected to balance as OPEC+ producers are set to rise output by 400,000 barrels per day in October
Oil up over estimated US stockpile drop, positive demand projections
- However gains are limited as China prepares for its first sale of oil from its strategic reserves on Sept. 24
Turkey's 1st renewable energy exporters' assoc. to be established in Izmir
- Turkey's renewable energy equipment exports reach more than $500 million per year, according to ENSIA
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Int. Energy Agency revises up oil demand expectation for next year
- Agency projects oil demand will continue growing until end-year and reach 99.4 million barrels per day in 2022
Oil up as tropical storm Nicholas raises fears of US supply disruptions
- Upgraded to hurricane on Monday, tropical storm Nicholas is causing evacuations on offshore US Gulf of Mexico oil platforms
Spot market electricity prices for Tuesday, Sept. 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 304.57 million Turkish liras
Spot market natural gas prices for Sunday, Sept. 12
- 1,000 cubic meters of natural gas on spot market costs 2,185 Turkish liras
Turkey's daily power consumption down 10% on Sept. 12
- Electricity exports amount to 17,259 megawatt-hours, while imports total 3,083 megawatt-hours
Oil up 2% on fall in US crude stocks, weak dollar in week ending Sept. 3
- However, Hurricane Ida and OPEC's production boost negatively affected prices throughout week
Oil mixed over weaker dollar, US crude oil inventory data
- Investors will focus on US monthly jobs report for August which is scheduled for release late Friday
Oil down as OPEC+ reconfirm decision to incrementally raise production
- However, more than expected drop in US crude inventories in past week limits downward price trend
Oil up over estimated US stockpile drop, supply woes ahead of OPEC+ meeting
- OPEC+ producers are likely to continue boosting production by 400,000 barrels per day from September through December
Spot market electricity prices for Sunday, August 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 279.04 million Turkish liras
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Spot market natural gas prices for Friday, August 27
- 1,000 cubic meters of natural gas on spot market costs 2,160 Turkish liras
Turkey's daily power consumption down 0.09% on August 27
- Electricity exports amount to 12,556 megawatt-hours, while imports total 7,983 megawatt-hours
US oil rig count up by 5 for week ending Aug. 27
- Number of US oil rigs rise by 230 compared to one year ago
Oil mixed but weekly losses extended over rising Delta variant concerns
- Highly contagious Delta variant is causing surge in new infections globally
Spot market electricity prices for Tuesday, August 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 325.25 million Turkish liras
Spot market natural gas prices for Sunday, August 15
- 1,000 cubic meters of natural gas on spot market costs 2,249 Turkish liras
Turkey's daily power consumption down 9.3% on August 15
- Electricity exports amount to 13,675 megawatt-hours, while imports total 5,111 megawatt-hours
Russian energy giants Rosneft and Gazprom post revenue increase for 1H21
- Gazprom's gas export volume to Turkey increased almost threefold to 14.6 billion cubic meters
Oil prices fall on low demand projections for remainder of 2021
- New Covid-19 restrictions set to reduce mobility and oil use, according to the International Energy Agency
Oil prices down on oversupply concerns from US's output call to OPEC+
- Price declines are limited due to fall in US commercial crude oil inventories
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US crude oil inventories down 0.1% for week ending August 6
- Commercial crude oil stocks decrease by 400,000 barrels, lower than market expectation of 1.05 million-barrel draw
Turkey's western Izmir province aims to be pioneer in offshore wind energy
- Izmir Dev. Agency initiates activities specified under Izmir Offshore Wind Energy Roadmap, the Agency's Sec. Gen. says
Spot market electricity prices for Sunday, Aug. 8
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 282.81 million Turkish liras
Spot market natural gas prices for Friday, Aug. 6
- 1,000 cubic meters of natural gas on spot market costs 2,175 Turkish liras
Turkey's daily power consumption down 1.54% on August 6
- Electricity exports amounted to 13,717 megawatt-hours, while imports totaled 4,856 megawatt-hours
US oil rig count up by 2 for week ending Aug. 6
- Number of US oil rigs rise by 211 compared to one year ago
Main units of Turkey's Kemerkoy Thermal Power Plant safe from fire
- No harmful emissions detected from plant sensors, says Turkey's Energy Minister
Spot market electricity prices for Tuesday, Aug. 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 329.5 million Turkish liras
Spot market natural gas prices for Sunday, Aug. 1
- 1,000 cubic meters of natural gas on spot market costs 2,154 Turkish liras
Turkey's daily power consumption down 8.02% on Aug. 1
- Electricity exports amount to 14,942 megawatt-hours, while imports totaled 5,705 megawatt-hours
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Turkey's renewable energy labs to boost jobs for Syrians, Turkish host communities
- Laboratories are located in five different provinces with renewable energy potential and high number of Syrian refugees
Turkey to lay 169 kms of seabed gas pipeline at Sakarya Gas Field
- Country completed 11,000 square kilometers of three dimensional seismic exploration at Sakarya Gas Field, Donmez says
Spot market electricity prices for Sunday, July 25
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 238.68 million Turkish liras
Spot market natural gas prices for Friday, July 23
- 1,000 cubic meters of natural gas on spot market costs 2,060 Turkish liras
Turkey's daily power consumption up 1.9% on July 23
- Electricity exports amount to 14,963 megawatt-hours, while imports totaled 3,098 megawatt-hours
US oil rig count up by 7 for week ending July 23
- Number of US oil rigs rise by 206 compared to one year ago
Solar Age Program to empower Syrian women in Turkey
- Program trains women on sustainable production of solar-powered rechargeable power banks
Oil down with postponement of OPEC+ meeting for further consultation
- OPEC+ is expected to add back 400,000 barrels per day each month from August to December
Turkey's latest solar tender to generate 6 billion Turkish liras of investment
- YEKA GES-3 to meet power needs of 600,000 households with 1.7 billion kilowatt-hours of electricity generation per year
Spot market electricity prices for Friday, July 2
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 318 million Turkish liras
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Spot market natural gas prices for Wednesday, June 30
- 1,000 cubic meters of natural gas on spot market costs 1,904 Turkish liras
Turkey's daily power consumption breaks new record on June 30
- Daily electricity consumption of 1.04 million megawatt-hours on Wednesday smashes Tuesday's record high
Spot market electricity prices for Sunday, June 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 225.77 million Turkish liras
Spot market natural gas prices for Friday, June 25
- 1,000 cubic meters of natural gas on spot market costs 2,000 Turkish liras
Turkey's daily power consumption up 1.6% on June 25
- Electricity exports amount to 11,768 megawatt-hours, while imports total 6,548 megawatt-hours
US oil rig count down by 1 for week ending June 25
- Number of US oil rigs rise by 188 compared to one year ago
Need for skilled workforce for Turkey's rapidly growing wind sector
- Employment in wind sector has potential to double in next 15 years, general director of Nordex Turkey says
Turkey to launch its 1st floating LNG storage & gasification vessel on June 25
- Ertugrul Gazi will be first FSRU ship to fly the Turkish flag, energy minister says
Spot market electricity prices for Saturday, June 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 200.6 million Turkish liras
Spot market natural gas prices for Thursday, June 17
- 1,000 cubic meters of natural gas on spot market costs 1,749 Turkish liras
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Turkey's daily power consumption up 1% on June 17
- Electricity exports amount to 11,898 megawatt-hours, while imports total 5,474 megawatt-hours
Turkey finalizes first phase of Turkey's biggest solar power plant
- Turkey launches Supervisory Control and Data Acquisition center at Karapinar Solar Plant in province of Konya
Another exploratory well in Turkey's Black Sea can be drilled this year
- Move comes after Turkey announces discovery of 135 billion cubic meters of in Amasra-1 well on Friday
Danish energy firms focus on Turkey as Covid-19 disrupts supply
- Two visits from Denmark to Turkey are planned in 2022 on wind energy, water, energy efficiency, Danish Consul General says
Spot market electricity prices for Monday, June 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 206.2 million Turkish liras
Spot market natural gas prices for Saturday, June 5
- 1,000 cubic meters of natural gas on spot market costs 1,789 Turkish liras
Turkey's daily power consumption down 4.4% on June 5
- Electricity exports amount to 9,743 megawatt-hours, while imports total 8,434 megawatt-hours
Germany invests €25 billion in Turkish energy sector, employing 15,000
- Trade volume and investment levels showcase German investors' trust in Turkish energy sector and economy, Donmez says
Spot market natural gas prices for Monday, May 31
- 1,000 cubic meters of natural gas on spot market costs 1,755 Turkish liras
Turkey's daily power consumption up 12.9% on May 31
- Electricity exports amount to 9,927 megawatt-hours, while imports total 5,689 megawatt-hours
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Oil mixed over projected demand growth, possible return of Iranian crude
- Investors are focused on the 17th OPEC and non-OPEC Ministerial Meeting this week
Brent price up over 3% for week ending May 28
- However, market jitters endure as potential sanctions lift on Iranian oil could bring extra barrels to pandemic-hit market
Spot market electricity prices for Saturday, May 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 191.91 million Turkish liras
Spot market natural gas prices for Thursday, May 27
- 1,000 cubic meters of natural gas on spot market costs 1,729 Turkish liras
Turkey's daily power consumption up 0.1% on May 27
- Electricity exports amount to 10,120 megawatt-hours, while imports total 6,017 megawatt-hours
Oil mixed as positive US economic data prevents falls
- Rising sentiment over quicker fuel demand recovery also limits price falls
Turkey plans 4 renewable tenders of 4,000-megawatt capacity by year-end
- Renewable Energy Resource Zone tenders form part of Turkey's goal to expand usage of domestic and renewable sources by 2023
Brent price down over 4% for week ending May 21
- Prices found limited support as lockdowns and restrictions ease in major economies
Oil prices mixed on optimism over Iran nuclear talks
- Investors are hopeful about fuel demand recovery supported by ongoing vaccination programs in US and Europe