Anadolu Agency

home > Sibel Morrow

Türkiye's Vestel Mobilite supplies 16 EV chargers to Electrip Global

- Company plays key role in developing Europe's EV infrastructure, operating more than 250,000 charging stations across 35 countries

12.02.2025 News from companies

OPEC maintains "proactive strategy" for global oil market stability, Secretary-General says

- ⁠OPEC is always attentive to all fundamental factors affecting oil market to make sure that market remains balanced, according to OPEC chief

22.01.2025 Oil

Vestel unveils Vestel Mobilite extending investments into electric vehicles, energy storage

- Company is currently manufacturing screens inside Togg, Turkish made electric cars manufacturer

04.04.2024 Electricity Invesments

Oil records limited rise with global geopolitical tensions and strong US dollar

- Following Fed’s decision to keep interest rates unchanged, US dollar strengthens against other currencies, making dollar-indexed crude costlier for foreign currency holders

22.03.2024 Oil Finance

Spot market electricity prices for Sunday, Mar. 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.11 billion Turkish liras

09.03.2024 Electricity Finance

Spot market natural gas prices for Friday, Mar. 8

- 1,000 cubic meters of natural gas on spot market costs 10,276.79 Turkish liras

09.03.2024 Natural Gas Finance

Türkiye's daily power consumption down 0.08% on March 8

- Electricity exports amount to 3,949 megawatt-hours and imports total 6,530 megawatt-hours

09.03.2024 Electricity Finance

US oil rig count down for week ending March 8

- Number of US oil rigs fall by 86 compared to one year ago

09.03.2024 Oil Finance Invesments

Oil down on week ending March 4 over demand fears in US

- Prices decline with rising crude stocks in US while strong dollar and supply concerns driven by OPEC+ cuts push prices up

09.03.2024 Oil Finance

Spot market natural gas prices for Thursday, Mar. 7

- 1,000 cubic meters of natural gas on spot market costs 10,346.01 Turkish liras

09.03.2024 Natural Gas

home > Sibel Morrow

Spot market electricity prices for Saturday, Mar. 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.42 billion Turkish liras

09.03.2024 Electricity

Türkiye's daily power consumption down 0.57% on March 7

- Electricity exports amount to 4,747 megawatt-hours and imports total 5,602 megawatt-hours

08.03.2024 Electricity

Gazprom sues Polish energy firms for $935 million

- Move comes amid ongoing tensions between Gazprom and Poland, which have been escalating since 2022 over energy supply and payment disagreements

08.03.2024 Natural Gas

US crude oil inventories up 0.9% for week ending Feb. 23

- Inventories increase by around 4.2 million barrels to 447.2 million barrels, falling short of market expectation of 8.4 million-barrel rise

29.02.2024 Oil

EEX and EPIAS forge partnership to launch Turkish Emissions Trading System

- EEX and EPIAS aim to develop a Turkish ETS that is efficient, transparent, and aligned with global decarbonization goals

28.02.2024 Invesments Energy Projects

India to expand nuclear capacity by 13,800 megawatts by 2032

- Expansion plan is set to elevate India's nuclear power capacity to 22,480 megawatts

26.02.2024 Nuclear

Oil declines with strong dollar dragging prices down

- Investors are now focused on several key upcoming economic data releases in US including crude oil stockpiles

26.02.2024 Oil Finance

Russia announces full commitment to OPEC+ production caps in February

- Country's current production cutbacks stand at about 500,000 barrels per day —300,000 bpd of crude and 200,000 bpd of oil products

21.02.2024 Oil

Russia plans to triple LNG production by 2030, says deputy premier

- Planned increase has already been secured through projects that are either underway or in pipeline, according to Alexander Novak

20.02.2024 Natural Gas Energy Projects

Russia’s exports to “friendly nations” hit 84% in 2023: Deputy Premier

- Russia’s share of oil exports to friendly nations stood at 86% last year, says Alexander Novak

20.02.2024 Oil Invesments

home > Sibel Morrow

Suez Canal revenue drops 50% amid Red Sea tensions: Egyptian President

- Suez Canal is critical maritime route for global trade that significantly contributes to Egypt's economy and foreign currency reserves

19.02.2024 Finance Invesments Energy Security

Oil down as US economic downturn casts shadow on demand hopes

- Investors are awaiting minutes of Fed's latest Federal Open Market Committee (FOMC) meeting for any hints regarding central bank's future actions

19.02.2024 Oil Finance

Oil steady in week ending Feb. 16 over clashing economic issues, geopolitical tensions

- Israel-Palestine war and Red Sea attacks put upward pressure on prices while oversupply fears, bearish economic data in US limits price upticks

16.02.2024 Oil Finance Stock Market

Türkiye's daily power consumption up 0.10% on Feb. 15

- Electricity exports amount to 4,732 megawatt-hours and imports total 6,422 megawatt-hours

16.02.2024 Electricity Finance

Locations of 9 trapped miners found, rescue operations underway: Turkish minister

Tests on water and soil samples from area indicate no public health threat to personnel currently working on site, Türkiye’s energy minister confirms

16.02.2024 Energy Projects

India's Nayara Energy announces plans to double Gujarat refinery's capacity

-Vadinar refinery currently boasts oil refining capacity of 20 million tons annually

15.02.2024 Oil Refining/Petro Chemistry

US crude oil inventories up 2.8% for week ending Feb. 9

- Inventories increase by around 12 million barrels to 439.4 million barrels, higher than market expectation of 8.5 million-barrel rise

15.02.2024 Oil

Rescue operations underway for trapped miners in eastern Türkiye: Energy Minister

- Turkish energy minister says investigation into incident's causes and operational negligence underway after landslide at Copler mining site in Erzincan province

14.02.2024 Energy Security

OPEC crude output declines in January

- OPEC report shows fall in global liquids production in January by 600,000 barrels per day to average 101.8 million barrels per day

13.02.2024 Oil

Austria’s gas imports from Russia hits 98% in December

- Austrian energy minister says her country needs to withdraw from Russian gas import deals

12.02.2024 Natural Gas Finance

home > Sibel Morrow

Oil down as Middle East tension eases, dollar depreciates

- Investors await US inflation data and crude inventory forecast due out on Tuesday

12.02.2024 Oil Finance

Equinor's income declines by 55% in 2023

- Equinor posts around $107.2 billion in revenue in 2023, down 29% from approximately $150.8 billion in 2022

08.02.2024 Oil Finance

Spot market natural gas prices for Tuesday, Feb. 6

- 1,000 cubic meters of natural gas on spot market costs 10,999.83 Turkish liras

07.02.2024 Natural Gas Finance

Spot market electricity prices for Thursday, Feb. 8

-Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.2 billion Turkish liras

07.02.2024 Electricity Finance

Russia's oil exports decline 3.3% and oil production by 0.8% in 2023

- Kremlin’s oil exports fall to 234.4 million tons and oil production to 530.6 million tons last year

07.02.2024 Oil Invesments

Spot market natural gas prices for Friday, Feb 2

- 1,000 cubic meters of natural gas on spot market costs 11,132.81 Turkish liras

06.02.2024 Natural Gas

Spot market electricity prices for Sunday, Feb. 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.21 billion Turkish liras

06.02.2024 Electricity

US oil rig remains unchanged for week ending Feb. 2

- Number of US oil rigs fall by 100 compared to one year ago

06.02.2024 Oil Invesments

Türkiye's daily power consumption down 0.92% on Feb. 2

- Electricity exports amount to 6,143 megawatt-hours and imports total 1,061 megawatt-hours

06.02.2024 Electricity

LNG imports to EU hit record low in January, stored gas leads supply

- LNG deliveries to continent's gas network drops around 6% in January

02.02.2024 Finance Lng/Lpg

home > Sibel Morrow

Oil down around 5% over clashing demand, supply woes in week ending Feb. 2

- Surging crude oil stockpiles in US also fuel demand woes and axe prices

02.02.2024 Oil Stock Market

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy

Oil up as OPEC maintains current policy, Fed signals end of rate hikes

- Negotiations in Paris for ceasefire in Gaza yields positive results, limiting price rises

02.02.2024 Oil

Oil down following US stockpile build, signaling weak demand

- Better-than expected macroeconomic data in US and raising tension in Red Sea limits further price decreases

01.02.2024 Oil

Oil prices gain as Middle East tension poses supply risks

- Following Middle East tensions over weekend, which included drone attack on US soldiers in northeast Jordan, both oil benchmarks surge by more than $1 on Monday

30.01.2024 Oil Stock Market

Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day

- National oil company Saudi Aramco will refrain from increasing its oil capacity to 13 million barrels per day

30.01.2024 Oil Energy Diplomacy

Qatarenergy and Excelerate Energy seal 15-year LNG supply deal for Bangladesh

- Effective January 2026, deals covers delivery of LNG to floating storage and regasification units in Bangladesh

29.01.2024 Lng/Lpg International Relations

Oil up by 4% during week ending Jan. 26 over positive demand indicators in US, China

Both oil benchmarks decline on Friday with investor profit-taking after prices reached their highest level in almost two months during previous trading session

26.01.2024 Oil

Spot market natural gas prices for Thursday, Jan. 25

1,000 cubic meters of natural gas on spot market costs 11,552.32 Turkish liras

26.01.2024 Natural Gas

Kremlin foresees logistical shifts as Ukraine ends gas transit deal

In line with current deal between Ukraine and Russia, around 40 billion cubic meters of natural gas is transported annually to Europe

26.01.2024 Natural Gas

home > Sibel Morrow

Oil production in Türkiye's eastern region breaks first record in 2024

- 28 wells drilled in Gabar mountain region are instrumental in increasing volumes, Turkish Petroleum announces on social media platform X

26.01.2024 Oil Upstream

Türkiye to allocate 7,500 megawatts of renewables for industrial use

- Forthcoming period will see heightened energy investment in Türkiye, says energy minister

25.01.2024 Renewable General

TotalEnergies acquires battery storage developer Kyon Energy to boost German power sector

- Established in 2021, Kyon Energy has since developed 770 megawatts of competitively-priced projects

24.01.2024 Electricity Finance Invesments

SABIC announces final investment decision on major petrochemical complex in China

- $6.4 billion project represents largest foreign investment in Fujian

24.01.2024 Refining/Petro Chemistry Invesments

Spot market electricity prices for Wednesday, Jan. 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.41 billion Turkish liras

23.01.2024 Electricity Finance

Spot market natural gas prices for Monday, Jan. 22

- 1,000 cubic meters of natural gas on spot market costs 11,658.48 Turkish liras

23.01.2024 Natural Gas Finance

Türkiye's daily power consumption up 17.8 % on Jan. 22

Electricity exports amount to 6,447 megawatt-hours and imports totaled 4,102 megawatt-hours

23.01.2024 Electricity

Oil down as US demand falls due to snow storms

- However, supply disruptions caused by geopolitical tensions continue to shore up prices

22.01.2024 Oil Finance

Türkiye could be part of Libya's ambitious renewable energy shift

21.01.2024 Renewable

Global oil demand growth to fall by half in 2024: Int. Energy Agency

- Agency also predicts that global oil supply is set to reach new high of 103.5 million barrels per day in 2024

18.01.2024 Oil Finance International Organization

home > Sibel Morrow

Oil up over potential weather-related disruptions in US, OPEC demand bullishness

- American Petroleum Institute’s forecast of build in US stockpiles signals bearish demand in world’s largest oil consumer, limiting price upticks

18.01.2024 Oil Finance

OPEC crude output rises in December

- OPEC report shows fall in global liquids production by 400,000 barrels per day to average 100.9 million barrels per day in December

17.01.2024 Oil Finance International Organization

Oil down over strong US dollar, China demand concerns

- However, tension in Red Sea region is raising concerns over supply disruptions, supporting upward price movements

17.01.2024 Oil Finance

Oil prices nudge higher with US economic data in focus

- Saudi move to cut crude prices for Asian market and strong US dollar put downward pressure on prices

10.01.2024 Oil Finance

Oil down suppressed by Saudi Arabia’s price cuts

- Fears of supply disruptions in Middle East continue supporting price upticks

09.01.2024 Oil Finance

Oil down with Saudi price cap, Fed interest rate cut hopes stalled

-Fed officials warn that fight against inflation may require policy rate increases for some time

08.01.2024 Oil Finance

Oil up over demand upsurge in US, positive signals from Fed

-Oil disruption in Libya and rising Middle East tensions continue pushing prices up

05.01.2024 Oil Finance Stock Market

Oil up over Libya disruptions, US demand euphoria

- US estimates decline of 7.4 million barrels in crude stocks, more than market expectation of 2.9 million-barrel drop

04.01.2024 Oil Finance Stock Market

Oil mixed as markets await US data, Fed minutes

- Investors are eyeing US crude oil inventories data to provide direction on demand trajectory in world's largest oil consuming country

03.01.2024 Oil Finance

Brent oil price falls by 10% in 2023 despite OPEC+ production cuts

- Concerns over supply disruptions triggered by Russia-Ukraine war and Israel and Palestine conflict fuel price upticks in 2023 while OPEC+'s production cuts were muted by fears of global economic recession

03.01.2024 Oil Finance

home > Sibel Morrow

Spot market natural gas prices for Monday, Jan. 1

- 1,000 cubic meters of natural gas on spot market costs 12,261.19 Turkish liras

03.01.2024 Oil Finance

Türkiye's daily power consumption down 2% on Jan. 1

- Electricity exports amount to 3,914 megawatt-hours and imports total 8,622 megawatt-hours

02.01.2024 Electricity Finance

Oil starts 2024 with gains over heightening tensions in Red Sea

- Investors’ woes on possible supply disruptions through Red Sea prompts price upticks

02.01.2024 Oil Finance Stock Market

Oil rises with positive demand signs in US driven by stocks draw, Middle East tension

- Weak dollar also places upward pressure on prices, making dollar-indexed crude oil cheaper for buyers

29.12.2023 Oil Finance Stock Market

Oil rises over fears of further escalation in Middle East

- Estimated build in US crude oil stockpiles support price declines, with actual data due out later Thursday

28.12.2023 Oil Finance Stock Market

Russia's oil exports records massive decline in 2023: Deputy premier

- European crude oil exports have been rerouted to Asian markets, namely India and China, Russian deputy prime minister says

27.12.2023 Oil Finance Transportation/Fuel Oil

Oil mixed as Red Sea shipments resume amid ongoing Houthi attacks

- Hopes of US Fed cutting interest rates from next May offers upward support for oil prices

27.12.2023 Oil Finance Stock Market

Highlights of global energy market in 2023

- Renewable energy surge, OPEC+ production policies, and deepening climate commitments mark 2023

27.12.2023 Natural Gas Oil Renewable International Organization

Oil prices start week with thin trade due to Christmas holiday break

- Both benchmarks gained more than $3 on average last week over investor woes from Red Sea attacks by Houthis

25.12.2023 Oil Finance Invesments Stock Market

Equinor sells its shares in Azerbaycan to SOCAR

-Company says decision is part of re-shaping of its international oil and gas business

22.12.2023 Natural Gas Oil Finance Invesments International Relations Energy Projects

home > Sibel Morrow

Oil up over persistent supply fears as more sea-faring vessels avoid Suez Canal

- Markets are now keeping tabs on potential impacts of Angola’s plans to quit OPEC group

22.12.2023 Oil

Angola’s decision to quit OPEC raises concerns over group’s market management

- Other countries like United Arab Emirates may follow suit, indicating cracks among 13-member group, Iranian expert Fereydoun Barkeshli says

22.12.2023 Oil Finance Energy Diplomacy Energy Security International Relations International Organization Energy Projects

Red Sea LNG tanker disruptions may bear long-term economic risks: Analysts

- Rising tension in Red Rea, one of world’s most significant energy chokepoints, jeopardizes supplies of global oil, oil products, LNG

21.12.2023 Natural Gas Oil Finance Invesments Energy Security International Relations International Organization

Spot market electricity prices for Thursday, Dec. 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.49 billion Turkish liras

20.12.2023 Electricity Finance Stock Market

Spot market natural gas prices for Tuesday, Dec. 19

- 1,000 cubic meters of natural gas on spot market costs 12,770.52 Turkish liras

20.12.2023 Natural Gas Finance Stock Market

Türkiye's daily power consumption up 3.4% on Dec.19

- Electricity exports amount to 6,408 megawatt-hours and imports total 17,582 megawatt-hours

20.12.2023 Electricity

Oil steady as investors eye Red Sea attacks

-Expected increase in US crude oil stockpiles prevents further price upticks

20.12.2023 Oil Finance Energy Security

Norway’s Equinor signs long-term deals with Germany for gas supply

- It is also largest gas sales agreement Equinor has entered after Troll gas sales deal in 1986

19.12.2023 Natural Gas

Hungary hardens position on Bulgaria's Schengen bid as Budapest charges extra tax for Russian gas

- Hungarian foreign minister warns of "physically impossible" energy supply if gas flows from Russia are interrupted

18.12.2023 Natural Gas Finance Energy Diplomacy Energy Security International Relations

Oil up as Red Sea attacks trigger supply fears and Russia hints at further export cuts

- Appreciation of other currencies against US dollar further prompts investors to purchase cheaper dollar-indexed crude oil

18.12.2023 Oil Finance Energy Security

Vilnius unveils emergency evacuation plan amid military and nuclear threat concerns

Russia, Ukraine accuse each other of disrupting IAEA rotation at Zaporizhzhia plant

Heads of Russian, UN nuclear watchdogs start meeting in Moscow

Hungary inks deal with UK to develop small modular nuclear reactors

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Global carbon emission storage facilities double in 5 years

Trump seeks to revive coal industry and reverse long-term decline with new orders

Highlights of Türkiye's energy market in 2024

Global coal demand peaks in 2024, to plateau until 2027: IEA

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Spot market natural gas prices for Thursday, April 17

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Cold winter drives gas price spikes, LNG inflows to Europe: Oxford

Türkiye's LPG production down 4.2% in January

Utilisation of EU LNG terminal plunges to 42% in 2024

Europe LNG imports hit 3-year low in 2024: Report

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US crude oil inventories down 1% for week ending Dec. 1

US oil rig count down by 9 for week ending April 11

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

Global wind power capacity sees record growth in 2024

Solar and wind permanently overtakes domestic coal in Türkiye's power generation

Türkiye showcases its wind energy potential at WindEurope 2025 in Copenhagen

Türkiye's wind energy sector poised for steady growth: head of Turkish Wind Energy Assoc.

China set to surpass 50% of global solar capacity in 2025

Solar and wind permanently overtakes domestic coal in Türkiye's power generation

Türkiye's installed solar power capacity exceeds 20,000 MW

Türkiye awards six contracts for 800 MW solar projects

Hydropower's role expands amid soaring global electricity demand

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Türkiye's energy bill burden to ease with declining oil prices: Experts

Oil prices rise amid US trade policies, Trump's criticism of Fed

US oil rig count up by 1 for week ending April 17

Türkiye could slash emissions, double economic gains by 2053 through energy efficiency

Türkiye, Azerbaijan, Bulgaria and Georgia signs MoU for "Green Electricity Transmission and Trade Project"

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

UK vows energy cooperation with US despite climate policy rift: Energy minister

Türkiye's wind, solar energy share in installed electricity capacity reaches 30% in Q125

Türkiye's renewable share in electricity capacity rises to 60%

Global leaders of energy sector to convene at İstanbul Energy Forum

Türkiye's LPG production down 4.3% in December 2024

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Former Lithuanian FM warns Russia's shadow fleet threatens EU security

Turkmen natural gas set to reach Türkiye on March 1

Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts