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Oil prices up on China's economic rebound signals
- Rising tensions between Saudi Arabia, Yemen contribute to more bullish oil prices
Brent leaps over alleged attacks on Aramco facilities
- Tensions in region were already heightened after cyber-attack on Iran’s main nuclear facility on Sunday
Oil down over demand fears as India’s virus cases surge
- Country confirms new single-day record with nearly 169,000 cases
Spot market electricity prices for Saturday, April 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 181.53 million Turkish liras
Spot market natural gas prices for Saturday, April 10
- 1,000 cubic meters of natural gas on spot market costs 1,647 Turkish liras
Turkey's daily power consumption down 5.1% on April 10
- Electricity exports amount to 11,460 megawatt-hours, while imports total 2,954 megawatt-hours
Oil prices down over unexpected build in US fuel stocks
- Low demand concerns linger with US gasoline inventory rise of 4 million barrels last week
US crude oil inventories fall for week ending April 2
- Commercial crude oil stocks decrease by 3.5 million barrels, higher than market expectation of 1.325 million-barrel draw
Spot market electricity prices for Tuesday, April 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 176.36 million Turkish liras
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Spot market natural gas prices for Sunday, April 4
- 1,000 cubic meters of natural gas on spot market costs 1,631 Turkish liras
Oil prices up by over 2% for week ending April 2
- Cautious OPEC+ output decision and fall in US oil inventories support rise of oil prices
Oil prices up over OPEC+’s cautious output ease
- Rapid increase in Eurozone manufacturing sector's PMI in March also reflects positively on oil prices
OPEC+ agrees to gradually ease output from May to July
-Saudi Arabia's cuts will phase out by raising output by 250,000 bpd in May, 350,000 bpd in June and 400,000 bpd in July
Siemens Energy signs long-term service deal with Aramco
-15-year agreement covers power supply at four major oilfields of Saudi Arabia’s state oil company
Oil up ahead of OPEC+ decision on output level
- Group is scheduled to meet later on Thursday
US crude oil inventories fall for week ending March 26
- Commercial crude oil stocks decrease by 900,000 barrels, higher than market expectation of 400,000-barrel rise
2-month OPEC+ cuts rollover ‘best decision’: experts
- Any easing of cuts can weigh on prices especially if not matched by demand recovery, says Crystol Energy CEO Carole Nakhle
Oil up over hopes of extension of current output cuts
- Scheduled to meet on Thursday, OPEC+ will decide whether to either keep or ease current production cuts further after April
Oil prices slip due to uncertainty ahead of OPEC+ meet
- Investors are cautious before OPEC+ meeting although experts say output rise is unlikely with more Covid-19 cases in Europe
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Spot market natural gas prices for Sunday, March 28
- 1,000 cubic meters of natural gas on spot market costs 1,407 Turkish liras
Spot market electricity prices for Tuesday, March 30
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 178.6 million Turkish liras
Turkey's daily power consumption down 19.6% on March 28
- Electricity exports amount to 11,651 megawatt-hours, while imports total 2,814 megawatt-hours
Oil down as Suez Canal re-opens after six-day blockade
- Further declines were limited as investors are hopeful of reasonable market management by OPEC+
Suez closure shows Asia’s reliance on Eastward oil flow
- Reason for increasing oil imports into East of Suez is region's growing refining activity, International Energy Agency says
Spot market natural gas prices for Saturday, March 27
- 1,000 cubic meters of natural gas on spot market costs 1,390 Turkish liras
Spot market electricity prices for Monday, March 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 165.2 million Turkish liras
Turkey's daily power consumption up 7.6% on March 27
- Electricity exports amount to 12,516 megawatt-hours, while imports total 2,584 megawatt-hours
Spot market electricity prices for Friday, March 26
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 172.01 million Turkish liras
Spot market natural gas prices for Wednesday, March 24
- 1,000 cubic meters of natural gas on spot market costs 1,357 Turkish liras
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Turkey's daily power consumption up 0.10% on March 24
- Electricity exports amount to 12,257 megawatt-hours, while imports total 2,481 megawatt-hours
Oil prices rise after sharp declines over demand fears
- Rising coronavirus cases in European countries followed by mitigation measures dampen hopes of oil demand recovery
Turkey’s solar power generation soars 50%: Energy min.
- Country ranks 3rd in Europe and 9th in world in terms of added installed solar capacity since 2014, Fatih Donmez says
Oil down over fears of stalled demand from lockdowns
- Several European countries raise containment measures amid third wave of virus surging across continent
Oil down as rising virus cases caps demand rebound hopes
- EU countries, including Germany and Belgium, plan to further increase restrictions against virus
Oil prices down over 8% for week ending March 19
- Having hovered between $68-70 a barrel, oil prices post sharp declines on the last day of week
Oil posts sharp decline over rising demand concerns
- Increasing virus cases and uncertainties around safety of vaccines put pressure on oil prices
Sabanci Holding plans to increase green investments
- Company has already invested in wind plants totaling 565 megawatts, says company's head of energy group
Spot market electricity prices for Friday, March 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 215.68 million Turkish liras
Spot market natural gas prices for Wednesday, March 17
- 1,000 cubic meters of natural gas on spot market costs 1,297 Turkish liras
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Turkey's daily power consumption up 1.5% on March 17
- Electricity exports amount to 18,748 megawatt-hours, while imports total 5,076 megawatt-hours
Global oil demand to surge 6% in 2021: IEA
- Stronger economy, vaccine deployment will support growth in second half of year, energy agency says
No return to ‘normal’ for post-Covid oil markets: IEA
- Global oil demand expected to incur irreversible damage due to ‘shifting policies, behavior changes, Energy Agency warns
Oil prices rise over unexpected fall in US stocks
- Delayed oil demand recovery fears weigh on prices as safety of COVID-19 vaccines is brought into question
Esenboga Electric Production buys 39 solar power plants
- Purchase from Kinesis Enerji increases company’s installed capacity by 110%
Oil prices up over better economic data from China
-China's daily refinery output increased 15% in January and February, data from National Bureau of Statistics shows
Oil prices down over 1% for week ending March 12
- Despite limited fluctuations, oil prices hover between $66-69 a barrel during week supported by tighter supply
Oil posts limited drop over vaccine uncertainties
- Some European countries halt use of AstraZeneca and Oxford University vaccines over reports of blood clotting issues
Global oil demand to increase 6.5% in 2021: OPEC
- Crude output rises mainly in Nigeria, Iraq, Iran, Venezuela and Libya but decreases in Saudi Arabia and Angola, says OPEC
Total, Microsoft unite to achieve zero-carbon emissions
-Total will benefit from Microsoft’s cloud-based AI technologies, while helping Microsoft eliminate diesel fuel dependency
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US crude oil inventories rise for week ending March 8
- Commercial crude oil stocks increased by 13.8 million barrels, more than market expectation of 833,000-barrel draw
Russia, Saudi Arabia to develop ties within OPEC+
- Foreign ministers of both major oil-producing countries show unified stance on cooperation at Wednesday's news conference
Oil down over expected rise in US stocks, rising dollar
- US crude oil inventories are forecast to rise by over 12.8 million barrels, API figures show
Oil prices soar over attack on Saudi oil facilities
- Bullish oil prices also fueled more after Senate approval of much-awaited US relief bill
Oil prices up over 4% for week ending March 5
- Prices rise on back of OPEC+ decision to maintain rather than raise output cuts for April
Oil up as OPEC agrees roll over of output cuts in April
- Rising value of dollar also exerts downward pressure on oil prices which are indexed to US dollar
OPEC+ agrees to extend output cuts for another month
- New production scheme again includes output rise exemption for Russia and Kazakhstan
Oil up as OPEC+ expected to keep output cuts unchanged
- Prices soar despite highest-ever increase in US crude oil inventories since 1982
Oil sector job losses expected post-COVID: Aramco chief
- Covid-19 exposed harsh realities for world, says Amin Nasser during virtual CERAWeek panel
ExxonMobil plans reduction of staff in Singapore
-Company will slash up to 300 jobs, representing approximately 7% of company’s more than 4,000 employees in Singapore
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Oil prices up with more optimistic demand outlook
- Price rise comes despite build of 7.4 million barrels in US crude inventory relative to forecast of 1.9 million-barrel fall
OPEC foresees recovery of oil market in 2021
- Speaking at group’s Joint Technical Committee meeting, OPEC Secretary General stresses cautious optimism
Oil slips ahead of OPEC+ meeting on Thursday
-Concerns over OPEC+ output increases and uncertainty over oil demand recovery still weigh on oil prices
Oil prices up with US relief bill, 3rd vaccine approval
- Geopolitical risks continue weighing on oil prices after Saudi-Yemen tension and US attack on Iranian positions in Syria
Oil prices up over 3% for week ending Feb. 26
- Rising value of US dollar makes oil more expensive for buyers, limiting further oil price increases
Spot market natural gas prices for Thursday, Feb. 25
- 1,000 cubic meters of natural gas on spot market costs 1,242 Turkish liras
Spot market electricity prices for Saturday, Feb. 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 155.75 million Turkish liras
Turkey's daily power consumption up 0.45% on Feb. 25
- Electricity exports amount to 7,296 megawatt-hours, while imports total 1,004 megawatt-hours
Oil prices fall as dollar appreciates
- Recent high oil prices encourage greater production to exert downward price pressure
ExxonMobil to sell over $1bln. in UK offshore assets
- Transaction expected to close by mid 2021
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Oil prices up over Fed’s lower interest rates
- Price rises come despite 1.3 million-barrel build in US crude inventories
Turkey to spend $9.3B for power distribution up to 2025
- Energy minister says planned investment includes $1.5 million for scheduled maintenance between 2021 and 2025
Oil down as Texas refineries curb demand, US stocks rise
- US crude oil inventories are forecast to rise by over 1.03 million barrels, API figures show
Climate action in Mediterranean needs local commitment
- Strategy to improve human health, greens economies, yet still drive competition needs decentralized approach
Oil prices up over slow output return in Texas
- Hopes for yet-to-be-approved US stimulus package also boosts oil prices
Oil up as market stabilizes with end to US cold snap
- Hopes over higher US stimulus deal also support oil prices
Egypt, Schlumberger digitalize country’s subsurface data
- Egypt Upstream Gateway enables investors anywhere in world to see exploration and production potential of Egypt
Oil prices down over lack of demand in Texas refineries
- Drop in US crude inventories last week limits further declines, signaling demand uptick in world's largest oil consumer
Oil prices extend gains over Texas supply cuts
- US crude oil inventories are forecast to fall by 5.8 million barrels, API figures show, easing weak demand fears
Brent hits $64 as Texas cold snap hits oil supplies
- OPEC+ output cuts for February and March also impact prices
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Oil prices up as cold front in Texas halts production
- Rising tensions in Middle East and hopes for wider access to COVID-19 vaccine also support higher oil prices
Equinor warns strike may hit Norway's oil, gas fields
- Mediation failure on wage talks may result in shut down of offshore production until future notice
Oil prices hit 13-month high with demand optimism
- Rising tensions between Saudi Arabia and Yemen along with positive developments on US relief pack also boost oil prices
Spot market electricity prices for Monday, Feb. 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 171.4 million Turkish liras
Spot market natural gas prices for Saturday, Feb. 13
- 1,000 cubic meters of natural gas on spot market costs 1,221 Turkish liras
Turkey's daily power consumption down 5.6% on Feb. 13
- Electricity exports amount to 10,151 megawatt-hours, while imports total 4,693 megawatt-hours
Global oil demand to increase 6.41% in 2021: OPEC
- Crude output increases mainly in Saudi Arabia, Venezuela and Iran but decreases in Libya, Nigeria and Iraq, says OPEC
Global oil demand to increase 6% in 2021: IEA
- Positive economic outlook and vaccination campaigns in much of developed world to boost stronger oil demand growth in 2H21
Oil prices down over doubts on vaccine efficacy
- Limiting further declines, US crude oil inventories fall by 6.6 million barrels
Oil prices down over concerns of viability of vaccines
- Easing weak demand fears, US crude oil inventories are forecast to fall by 3.5 million barrels, API figures show
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China plans world’s biggest dam build on Tibetan river
- Mega-dam project draws criticism as nearly 14,000 people face risk of relocation
Oil prices up on optimism over oil demand recovery
- Oil prices jump back to pre-pandemic levels at over $61 a barrel
Spot market natural gas prices for Sunday, Feb. 7
- 1,000 cubic meters of natural gas on spot market costs 1,224 Turkish liras
Spot market electricity prices for Tuesday, Feb. 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 165.5 million Turkish liras
Turkey's daily power consumption down 8.6% on Feb. 7
- Electricity exports amount to 6,635 megawatt-hours, while imports totaled 4,176 megawatt-hours
Brent hits $60 with less oil supply, US relief deal
- Concerns over weak demand still continue to weigh on prices amid new virus variants spreading around world
Brent oil price up 7.4% for week ending Feb. 5
- Decline in US crude oil inventories and first-time claims for unemployment benefits offer support for rising oil prices
Oil prices up over output cuts, positive economic data
- Americans filing first-time unemployment claims fell by more than expected, signaling rebound in US labor market
Rosneft, BP to coact for carbon control, sustainability
- Firms vow to deliver more energy with less carbon taking into account profound changes shaping global energy transition