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Spot market electricity prices for Wednesday, May 4
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 265.66 million Turkish liras
OMV sells filling stations in Germany for €485 million
- OMV targets achieving net zero by 2050
TotalEnergies starts production on Mero-1 oil field
- Company plans three additional development phases scheduled between 2023 and 2025
Chevron launches new renewable fuel feedstocks joint venture
- Bunge to contribute soybean processing facilities while Chevron will contribute approximately $600 million in cash to joint venture
bp to invest up to $22 billion in UK energy system by 2030
- Company has various projects in pipeline from oil and gas to renewable energy and hydrogen production facilities in UK
Turkiye's daily power consumption down 11.8% on May 2
- Electricity exports amount to 12,389 megawatt-hours and imports total 12,068 megawatt-hours
Oil prices regain losses after Germany gives support to Russia oil ban
- European Commission expected to propose new package of EU sanctions this week
Oil prices drop amid data showing weak growth in China
- Low fuel demand in China and additional supply from Libya offset global supply concerns and relieved pressure on oil prices
Chevron posts $6.3 billion earnings for 1Q22
- Total revenues and other income of Chevron reach $54.37 billion for first quarter
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Spot market electricity prices for Tuesday, May 3
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 356.33 million Turkish liras
Spot market natural gas prices for Sunday, May 1
- 1,000 cubic meters of natural gas on spot market costs 11,850 Turkish liras
ExxonMobil 1Q22 earnings $3.4B lower due to Russia exit
- Total revenues and other income of company reach $90.50 billion in first-quarter
Shell buys renewable energy company for $1.55 billion
- Company targets net-zero emissions by 2050
Turkiye's daily power consumption down 19.8% on May 1
- Electricity exports amount to 13,721 megawatt-hours and imports total 11,738 megawatt-hours
Turkiye's energy import bill up 154.7% in March
- Country's crude oil imports increase by 11.2% compared to March 2021
IAEA said radiation levels in Chernobyl below level of concern
- IAEA to send more people to nuclear power plants in Ukraine for safety checks over next few months, Director General Grossi said
TotalEnergies expands US renewable portfolio with solar company acquisition
- Company has global target of achieving 100 GW of renewable projects in operation by 2030
Shell and TotalEnergies buy shares in Brazil's Atapu oil and gas field
- Petrobras holds majority share at 52.5% while Shell and TotalEnergies have 25% and 22.5%, respectively
Oil drops as China fuel demand falls on looming COVID-19 lockdown concerns
- Possibility of rapid COVID-19 spread in Beijing could require a Shanghai-like closure
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US crude oil inventories up 0.2% for week ending April 22
- Commercial crude oil stocks increase by 700,000 barrels, against market expectation of 2.16 million-barrel rise
Spot market natural gas prices for Monday, April 25
- 1,000 cubic meters of natural gas on spot market costs 11,963.89 Turkish liras
Spot market electricity prices for Wednesday, April 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.15 billion Turkish liras
Construction underway on Centrica's first solar farm
- Centrica plans to deliver 900 megawatts of solar and battery storage by 2026
Iberdrola starts construction of Baltic Eagle offshore wind farm
- Iberdrola expects to have 12,000 MW of offshore wind energy in operation by 2030
Turkiye's daily power consumption up 13.2% on April 25
- Electricity exports amount to 10,366 megawatt-hours and imports total 12,401 megawatt-hours
Oil prices drop almost $7 with weaker global growth in w/e April 22
- Brent crude trades at $106.57 per barrel at 1005 GMT on Friday, marking $7 drop from Monday's closing of $113.16
Iberdrola acquires rights to 1,000-megawatt onshore wind farm in Australia
- Iberdrola has more than 3,000 megawatts of projects in Australia in various stages of completion
UK to make gas payments to Gazprombank under license valid until May 31
- Country buys less than 4% of its natural gas from Russia
Oil down from potential US interest rate hike, weak economic growth rates
- Higher US interest rate means higher US dollar rate and more expensive oil trade for buyers holding other currencies
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Italy turns to Africa for gas needs to reduce dependence on Russia
- Italy, which depends on Russia for 40% of its gas, focuses on African countries to diversify energy sources
Hyundai Motor Group to expand battery EVs by 2030
- Company wins series of accolades at World Car Awards with its battery electric vehicle Hyundai IONIQ 5
Baker Hughes acquires firm to advance next-generation carbon capture tech.
- Investments in developing carbon capture and removal technologies necessary to meet climate goals
Turkiye's largest copper mine tender receives 2.20B liras in winning bid
- Port Madencilik Ticaret AS wins bid to build a facility to produce end and by-products of copper
European EV charge producer Wallbox inaugurates new factory in Barcelona
- Company invests €9 million in facility that hopes to manufacture over 750,000 chargers per year
Spot market electricity prices for Thursday, April 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.17 billion Turkish liras
Spot market natural gas prices for Tuesday, April 19
- 1,000 cubic meters of natural gas on spot market costs 11,957.86 Turkish liras
GE Renewable Energy to lower carbon footprint in Europe via deal with Forestalia
- New 21-megawatt wind farm will be built in Spain via 12-year fixed price European Power Purchase Agreement
Shell outlines six steps to lowering company's carbon emissions
- 'By 2050, we will no longer serve customers who have unmitigated carbon emissions,' Shell says
Iberdrola set to develop solar projects in Spain
- Iberdrola to install two solar facilities with combined capacity of 368 megawatts
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Turkiye's daily power consumption up 2.6% on April 19
- Electricity exports amount to 10,932 megawatt-hours and imports total 12,031 megawatt-hours
Spot market natural gas prices for Friday, April 15
- 1,000 cubic meters of natural gas on spot market costs 11,938.66 Turkish liras
Spot market electricity prices for Sunday, April 17
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1,145 billion Turkish liras
Turkiye's daily power consumption down 1.5% on April 15
- Electricity exports amount to 11,236 megawatt-hours and imports total 10,629 megawatt-hours
US oil rig count up by 2 for week ending April 15
- Number of US oil rigs rise by 204 compared to one year ago
16.04.2022
Oil
Spot market natural gas prices for Friday, April 8
- 1,000 cubic meters of natural gas on spot market costs 11,784.36 Turkish liras
Spot market electricity prices for Sunday, April 10
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 69.71 million Turkish liras
Turkiye's daily power consumption down 1.01% on April 8
- Electricity exports amount to 12,147 megawatt-hours and imports total 13,711 megawatt-hours
US oil rig count up by 13 for week ending April 8
- Number of US oil rigs rise by 209 compared to one year ago
Oil posts $7 weekly loss with more countries ready to release emergency reserves
- Overall about 240 million barrels of emergency oil stocks are set for release on global markets over next six months
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Oil prices regain losses after new sanctions on Russia
- Fifth round of sanctions on Russia since the beginning of the war fuels supply disruption fears
Global oil prices rise amid strain of Russia-Ukraine war
- International Energy Agency to announce details of new emergency stock release this week
Turkish capital hosts world’s first ever summit for climate change and economy
-Anadolu Agency will be global communications partner of 2-day event
Spot market electricity prices for Tuesday, March 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 567.85 million Turkish liras
Spot market natural gas prices for Sunday, March 27
- 1,000 cubic meters of natural gas on spot market costs 9,747.86 Turkish liras
Turkiye's daily power consumption down 13.9% on March 27
- Electricity exports amount to 13,209 megawatt-hours and imports total 13,664 megawatt-hours
bp to invest £1 billion in UK EV charging infrastructure
- Investment to allow bp to triple number of public charging points in its UK network
Oil prices down after $2+ rise in earlier trade fueled by supply worries
- Possibility of positive outcome on Iran nuclear talks limits price increases
bp and Marubeni partner to pursue offshore wind in Japan
- bp to establish local offshore wind development team in Tokyo
Spot market natural gas prices for Monday, March 21
- 1,000 cubic meters of natural gas on spot market costs 9,636.86 Turkish liras
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Spot market electricity prices for Wednesday, March 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 778.81 million Turkish liras
Eni, Air Liquide to team up to decarbonize hard-to-abate industries in Europe
- Air Liquide to develop competitive carbon abatement solutions and Eni to identify most suitable permanent carbon storage locations in Med. Sea
Turkiye's daily power consumption up 14.3% on March 21
- Electricity exports amount to 9,385 megawatt-hours and imports total 8,128 megawatt-hours
Spot market natural gas prices for Friday, March 18
- 1,000 cubic meters of natural gas on spot market costs 9,637.05 Turkish liras
Spot market electricity prices for Sunday, March 20
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 632.98 million Turkish liras
Turkiye's daily power consumption up 0.60% on March 18
- Electricity exports amount to 10,211 megawatt-hours and imports total 9,120 megawatt-hours
US oil rig count down by 3 for week ending March 18
- Number of US oil rigs rise by 206 compared to one year ago
Tight global supply pressures oil prices in week ending March 18
- Brent sees highest price of $113.15 on Monday, on back of ongoing supply fears after US and UK applied sanctions on Russia
Spot market natural gas prices for Thursday, March 17
- 1,000 cubic meters of natural gas on spot market costs 9,672.04 Turkish liras
Spot market electricity prices for Saturday, March 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 802.47 million Turkish liras
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Oil prices increase as Ukraine-Russia peace talks yield no result
- As war continues, worries over supply disruptions and further sanctions create upward pressure in prices
German energy giant E.ON cancels new gas purchase in bid to distance from Russia
- E.ON buys small gas quantities from Gazprom's trading companies in Europe
Spot market electricity prices for Tuesday, March 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 764.52 million Turkish liras
Spot market natural gas prices for Sunday, March 13
- 1,000 cubic meters of natural gas on spot market costs 9,691.47 Turkish liras
Gas prices retreat with supplies to Europe unaffected by Russian attack on Ukraine
- 'Gazprom supplies Russian gas for transit through Ukrainian territory as per normal,' Gazprom spokesman Sergey Kupriyanov says
Turkiye's daily power consumption down 8.82% on March 13
- Electricity exports amount to 12,392 megawatt-hours and imports total 11,643 megawatt-hours
Italian energy group Eni suspends oil and product purchases from Russia
- Company said last week it plans to sell stake in Blue Stream pipeline carrying Russian gas to Turkiye
Rosneft and Gazprom CEOs among seven oligarchs in UK sanctions
- UK sanctions more than 200 of Russia's most significant and high-value individuals, entities and subsidiaries since beginning of invasion
Turkiye's daily power consumption up 0.43% on March 9
- Electricity exports amount to 8,067 megawatt-hours and imports total 6,835 megawatt-hours
Turkiye's fourth drill ship in transit
- Other three drill shops, Fatih, Kanuni and Yavuz currently operate in Black Sea and Mediterranean Sea
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Turkiye's daily power consumption down 10.3% on March 6
- Electricity exports amount to 10,314 megawatt-hours and imports total 10,218 megawatt-hours
Brent pushes towards $130 amid embargo concerns on Russian oil
- The US and European allies are discussing the possibility of putting an embargo on Russian oil exports
Russia-Ukraine war pushes oil prices to new highs in week ending March 4
- Fears of supply disruptions amid sanctions targeting the Russian economy cause prices to reach highest levels in decade
Natural gas prices hit record levels as Russia-Ukraine war rages
- European gas prices hit as high as €198.56 during the day for a 20% rise on previous trading session
Natural gas prices increase as Russia-Ukraine battle rages
- Natural gas price for April futures contracts on TTF opens at €129, posting 9.5% rise compared to previous trading session
European gas prices rise with SWIFT ban on Russia
- Natural gas prices for April futures contracts opens at €125, with 32% rise compared to previous session
Turkiye's energy import bill up 236% in January
- Country's crude oil imports increase by 43.6% compared to January 2021
bp to exit Rosneft shareholding amid Russian attack on Ukraine
- Company decided to sever ties with Russian oil and gas giant
Germany plans to build 2 LNG terminals to lower Russian gas dependence
- Country aims to add 2 billion cubic meters of gas to its reserves
Spot market natural gas prices for Saturday, Feb. 26
- 1,000 cubic meters of natural gas on spot market costs 9,666.75 Turkish liras
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Spot market electricity prices for Monday, Feb. 28
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 692.73 million Turkish liras
Turkiye's daily power consumption down 5.76% on Feb. 26
- Electricity exports amount to 16,289 megawatt-hours and imports total 11,027 megawatt-hours
Spot market natural gas prices for Friday, Feb. 18
- 1,000 cubic meters of natural gas on spot market costs 9,797.33 Turkish liras
Spot market electricity prices for Sunday, Feb. 20
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 544.08 million Turkish liras
Lukoil increases its share in Shah Deniz gas field
- Gas from Shah Deniz is sold to Georgia and Turkey, and delivered to Europe since end of 2020
Turkiye's daily power consumption up 0.19% on Feb. 18
- Electricity exports amount to 15,145 megawatt-hours and imports total 16,914 megawatt-hours
US oil rig count up by 10 for week ending Feb. 18
- Number of US oil rigs rise by 248 compared to one year ago
Oil prices continue descent as US-Iran talks near end
- Conclusion to nuclear talks could lead to Iranian oil supplies returning to global market
Oil prices retreat on positive progress in US-Iran talks
- US commercial crude oil inventories rise by 1.1 million barrels against expectation of 1.8 million-barrel draw