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> Zeynep Beyza Karabay
Spot market natural gas prices for Monday, Sept. 20
- 1,000 cubic meters of natural gas on spot market costs 2,430 Turkish liras
Spot market electricity prices for Wednesday, Sept. 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 281.40 million Turkish liras
Turkey's daily power consumption up 14.35% on Sept. 20
- Electricity exports amount to 15,738 megawatt-hours, while imports total 9,564 megawatt-hours
Gazprom head expects natural gas prices to hit new highs
- Experts in Europe and Asia believe shortage in Europe's underground gas storage facilities cannot be compensated
Shell to build one of Europe's biggest biofuels facilities
- Company targets 55% reduction in traditional fuels production by 2030 and provision of more low-carbon fuels
Spot market natural gas prices set new record on Sept. 15
- 1,000 cubic meters of natural gas on spot market costing 2,320 Turkish liras on Wednesday hits new record high
Spot market electricity prices for Friday, Sept. 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 315.69 million Turkish liras
Hyundai, LG break ground on joint EV battery cell plant in Indonesia
- Mass production of battery cells expected to start in first half of 2024
bp, NYK Line join forces to decarbonize shipping and heavy industry
- Switching to less carbon-intensive fuels is critical in enabling shipping industry to meet long-term decarbonization ambitions
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> Zeynep Beyza Karabay
Spot market natural gas prices for Saturday, Sept. 11
- 1,000 cubic meters of natural gas on spot market costs 2,187 Turkish liras
Spot market electricity prices for Monday, Sept. 13
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 316.93 million Turkish liras
Turkey's daily power consumption down 4.75% on Sept. 11
- Electricity exports amount to 17,192 megawatt-hours, while imports total 3,183 megawatt-hours
Spot market natural gas prices for Sunday, Sept. 5
- 1,000 cubic meters of natural gas on spot market costs 2,198 Turkish liras
Spot market electricity prices for Tuesday, Sept. 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 325.79 million Turkish liras
Turkey's daily power consumption down 9.5% on Sept. 5
- Electricity exports amount to 15,010 megawatt-hours, while imports total 4,888 megawatt-hours
Spot market electricity prices for Friday, Sept. 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 319.80 million Turkish liras
Spot market natural gas prices for Wednesday, Sept. 1
- 1,000 cubic meters of natural gas on spot market costs 2,185 Turkish liras
Turkey's daily power consumption up 0.38% on Sept. 1
- Electricity exports amount to 17,666 megawatt-hours, while imports total 7,432 megawatt-hours
Turkey's energy import bill up 64% in July 2021
- Overall energy import bill increases in July due to rise in country's industrial production
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> Zeynep Beyza Karabay
Spot market natural gas prices for Tuesday, August 24
- 1,000 cubic meters of natural gas on spot market costs 2,179 Turkish liras
Spot market electricity prices for Thursday, August 26
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 327.28 million Turkish liras
Turkey's daily power consumption up 2% on August 24
- Electricity exports amount to 11,886 megawatt-hours, while imports total 7,151 megawatt-hours
Spot market electricity prices for Monday, August 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 305.70 million Turkish liras
Spot market natural gas prices for Saturday, August 21
- 1,000 cubic meters of natural gas on spot market costs 2,168 Turkish liras
Turkey's daily power consumption down 4.14% on August 21
- Electricity exports amount to 14,130 megawatt-hours, while imports total 7,044 megawatt-hours
Spot market natural gas prices for Monday, August 16
- 1,000 cubic meters of natural gas on spot market costs 2,209 Turkish liras
Spot market electricity prices for Wednesday, August 18
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 344.76 million Turkish liras
Turkey's daily power consumption up 13.61% on August 16
- Electricity exports amount to 13,960 megawatt-hours, while imports total 5,179 megawatt-hours
Oil prices drop as new COVID-19 cases emerge
- As of Aug. 13, 205,338,159 confirmed cases of COVID-19 with 662,383 new cases have been reported, according to WHO data
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> Zeynep Beyza Karabay
Oil prices show narrow gains during week ending Aug. 13
- Spread of COVID-19 Delta variant continues to curb major oil price rises
Global oil output in July rose by 1.24% to 95.69 million barrels per day
- World oil demand growth expectations for 2021 remain unchanged from the previous month’s assessment
Int. Energy Agency lowers oil demand expectation for 2H21 and 2022
- Outlook for remainder of 2021 is downgraded due to worsening progression of pandemic and revisions to historical data: IEA
Oil prices show limited gains on Aug. 11 capped by new COVID-19 cases
- Investors await crude oil stock data from the US Energy Information Administration
US energy agency revises oil price forecast downward for 2021/22
- International benchmark Brent crude is now estimated to average $68.71 per barrel in 2021 from previous forecast of $68.78
UK's offshore wind blade, tower output to rise with two new projects
- UK government commits to increase offshore wind capacity to 40 gigawatts by 2030
Brent oil up 1.22% after three-week low on August 10
- Investors are focused on whether US $1 trillion infrastructure bill will pass to potentially boost economy and oil demand
Spot market natural gas prices for Sunday, Aug. 8
- 1,000 cubic meters of natural gas on spot market costs 2,191 Turkish liras
Spot market electricity prices for Tuesday, Aug. 10
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 315.63 million Turkish liras
Turkey's daily power consumption down 11.9% on August 8
- Electricity exports amounted to 13,400 megawatt-hours, while imports totaled 5,961 megawatt-hours
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> Zeynep Beyza Karabay
Oil down 2.38% due to strong dollar, Covid-19 curbs in Asia on August 9
- Fear that curbs in Asia, especially in China, may set back the global recovery in fuel demand pushed oil prices lower
Spot market electricity prices for Wednesday, Aug. 4
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 323.6 million Turkish liras
Spot market natural gas prices for Monday, Aug. 2
- 1,000 cubic meters of natural gas on spot market costs 2,151 Turkish liras
Turkey's daily power consumption up 11.5% on Aug. 2
- Electricity exports amount to 15,044 megawatt-hours, while imports totaled 5,349 megawatt-hours
Spot market natural gas prices for Tuesday, July 27
- 1,000 cubic meters of natural gas on spot market costs 2,075 Turkish liras
Spot market electricity prices for Thursday, July 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 337.96 million Turkish liras
Turkey's daily power consumption up 4.69% on July 27
- Electricity exports amount to 13,115 megawatt-hours, while imports totaled 2,928 megawatt-hours
OPEC+ finally solves output rise impasse after settling disputes with UAE
- Group agrees to rise output by 400,000 from August onwards, approving UAE’s request to raise its production baseline
Spot market natural gas prices for Saturday, July 17
- 1,000 cubic meters of natural gas on spot market costs 2,081 Turkish liras
Spot market electricity prices for Monday, July 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 263.6 million Turkish liras
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> Zeynep Beyza Karabay
Turkey's daily power consumption down 3.33% on July 17
- Electricity exports amount to 15,350 megawatt-hours, while imports total 3,657 megawatt-hours
World oil output sees biggest monthly drop in 10+ years
- OPEC sees lowest output level since 2009 at 28.83 million barrels per day
Oil prices push past $60 with attack on Iran oil tanker
- Oil spill followed explosion that damaged Iran's oil tanker in Red Sea causing price hike
Qatar to store more than 5M tons of CO2 a year by 2025
- Country expanding carbon capture and storage facility while increasing liquefied natural gas capacity
Oil prices begin week on low with global slowdown worry
- Trade wars between US and China, and US and Europe expected to have significant negative impact on global oil demand
Royal Shakespeare Co. to end ties with BP at year's end
- BP sponsored RSC's £5 ticket scheme for 16 to 25 year olds since 2013
Most powerful offshore wind turbines to power UK homes
- Dogger Bank Wind Farms in North Sea to power over 4.5 million homes annually
Oil price starts week low with recovered Saudi output
- Saudi Arabia restored oil output faster than anticipated, soothing worries of weak global oil supply
Turkey's daily power consumption up 3.46% on Sep. 24
- Turkey’s electricity exports amount to 5,929 megawatt-hours, while imports reached 2,978 megawatt-hours on Tuesday
Countries pledge $370M to World Bank's energy projects
- U.K. gives $250 million to energy storage, France, Netherlands pledge $100 million to solar energy clean cooking projects
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Over $3B investment planned in Turkey via joint venture
- New Albayraklar Companies Group also plans on expanding investments to Turkey's neighboring countries
Danish N. Sea oil growth plans clash with emission aims
- Country risks failing climate mission if new North Sea projects are developed, Oil Change International report says
Nissan and EDF partner to accelerate EV adoption
- Nissan to sell vehicle to grid compatible electric vehicles and EDF to undertake vehicle to grid charging solutions
New EV fast charging stations start in Italy, Austria
- Each station allows simultaneous charging of two vehicles in about 30 minutes
UAE's Masdar and French EDF join for energy efficiency
- Consortium also has several renewable energy projects in the works in Middle East
$1.8 tn. for climate adaptation to yield $7.1 tn.
- Global leaders call for urgent action on climate adaptation
BP uses drones to monitor North Sea methane emissions
- Specialist drone to be deployed to all of BP's North Sea assets in 2020
US crude oil inventories fall for w/e August 30
- Crude oil production decreased by 146,000 barrels per day to around 12.4 million barrels per day
Turkey's daily power consumption down 1.19% for Sept. 5
- Turkey's electricity exports total 3,083 megawatt-hours while imports amount to 3,967 megawatt-hours on Thursday
Turkey's daily power consumption down 0.15% for Sept. 4
- Turkey's electricity exports total 2,928 megawatt-hours while imports amount to 3,976 megawatt-hours on Wednesday
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> Zeynep Beyza Karabay
Novatek secures $21.3 bln. investment for Arctic LNG 2
- LNG plant to consist of three liquefaction trains with overall production capacity of 19.8 million tons per annum
Turkey's daily power consumption up 2.26% for Sept. 3
- Turkey's electricity exports total 2,911 megawatt-hours while imports amount to 2,341 megawatt-hours on Tuesday
UK continental shelf to turn net zero with industry aid
- Aim is to reduce UK offshore hydrocarbon sector emissions through carbon capture, storage, and other net zero technologies
Turkey's daily power consumption up 16.2% for Sept. 2
- Turkey's electricity exports total 3,366 megawatt-hours while imports amount to 2,758 megawatt-hours on Monday
Oil prices start low on Monday with US-China tariff war
- 15% tariffs on Chinese goods by U.S. takes effect while China imposes tariffs of between 5% and 10% on range of U.S. goods
Turkey ready to support Iraq in electricity sector
- Iraq and Turkey want to explore electricity trade opportunities, Turkey's Energy Minister says
Enel starts construction on Chile’s largest solar plant
- Facility to have approximately 382 megawatts of installed capacity and avoid more than 900,000 tons of carbon emissions
ExxonMobil enters carbon capture tech. development deal
- ExxonMobil and Mosaic Materials to evaluate opportunities for industrial uses of Mosaic's innovative new technology
Scotland funds £3.4 million for tidal energy project
- Two-megawatt O2 floating tidal energy turbine project to power more than 1,700 homes per year
Turkey's Akkuyu nuclear plant secures Russian financing
- Akkuyu Nuclear company, subsidiary of Russian nuclear firm Rosatom, secures seven-year loan
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Scottish Hunterston B reactor given approval to restart
-Reactor 4 at Scotland's Hunterston B power station will restart while EDF Energy also awaits safety ruling for third reactor
UK backs clean energy projects in S. Africa with £14M
- Projects expected to power nearly 200,000 homes annually
Shell debuts electric vehicle charging in Southeast Asia
- Shell plans on having 10 electric vehicle charging stations in Singapore by October 2019
India causing concern over high SO2 emission, pollution
- Greenpeace refers to NASA data to show world's biggest sulphur dioxide emitters that are risking lives via poor air quality
Oil price supported on Friday with IEA supply fall data
- IEA reports OPEC production fall of 190 thousand barrels per day for July - a five-year low
Welsh, Irish coast gets €1.3M to aid with climate change
- EU funding to help locals observe and record data about coastal environment to strengthen businesses against climate change
Global oil production falls in July
- OPEC production drops by 190 thousand bpd to 29.71 million bpd, remaining at a five-year low in July
US crude oil inventories rise for w/e August 2
- Crude oil production increased by 100,000 barrels per day to around 12.3 million barrels per day
BP, Reliance take on India's fuel and aviation business
- Number of passenger cars in India expected to surpass 220 million in 20 years
Battery, smart grid efficiency firms draw $1.7B in 1H19
- Investments in battery storage and efficiency companies rise while funding drops in smart grid firms in first half of 2019
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Oil prices open weak on Monday with US-China tensions
- In retaliation to Trump's new tariffs, China asks state-owned companies to suspend imports of U.S. agricultural products
Amazon adds 2 new renewable investments to portfolio
- With new additions in Ireland and U.S., Amazon's renewable energy projects total 66 globally
German RWE closing down Aberthaw coal plant in Wales
- UK market conditions force RWE-owned coal company to close on March 31, 2020 despite emission reducing measures taken
Oil prices recover on Friday after Trump's tariff tweet
- US President's tweet on China goods tariff sent prices down 7% on Thursday
Enel signs Chile's largest renewable energy supply deal
- Subsidiary Enel Generacion Chile to supply power to AngloAmerican mining company when agreement takes effect from 2021
Turkey's energy import bill falls 16.6% in June '19
- Country's crude oil imports increases by 15.5% in June 2019 compared to same month last year
Biggest wind farm in Scotland starts operations
- £2.5 billion Beatrice wind farm to generate 588 megawatts of energy, enough to power 450,000 homes annually
US crude oil inventories fall for w/e July 19
- Crude oil production falls by 700,000 barrels per day (bpd) to around 11.3 million bpd for week ending July 19
UK-Denmark power link gets green light with €1.1B deal
- Construction of the Viking Link is expected to be completed by the end of 2023