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Spot market natural gas prices for Saturday, Sept 14
- 1,000 cubic meters of natural gas in spot market cost 1,472.49 Turkish liras on Saturday
Turkey's daily power consumption down 5.75% on Sept. 14
- Turkey's electricity exports total 4,555 megawatt-hours while imports reach 6,762 megawatt-hours on Saturday
US shale oil production to surge 67% by 2030
- Shale supply in US will peak at 14.5 million barrels per day around year 2030, research firm Rystad Energy says
US' natural gas production sets records in August
- Gas output reaches daily record of 2.63 bln. cubic meters and also sees monthly high average of 2.58 bln. cubic meters
Oil down as OPEC postpones bigger cuts until December
- Cartel and allies put off further cuts until next ministerial meeting in early December
US overtakes Saudi Arabia as top oil exporter in June
- US' crude exports top the ranks in June, as Saudis cut back on crude and refined product exports
Brent oil down after Trump hints easing Iran sanctions
- "I do believe they’d like to make a deal," US President says about Iran
Spot market electricity prices for Thursday, Sept 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 148 million Turkish liras
Spot market natural gas prices for Tuesday, Sept 10
-1,000 cubic meters of natural gas in spot market cost 1,466.09 Turkish liras on Tuesday
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EIA lowers oil price forecasts for 2020 by $3 a barrel
- Brent is expected to average $62 per barrel next year, down from previous estimate of $65 a barrel
Oil prices mixed after decline in crude stocks
- API data shows US crude stock plunge of 7.2 million barrels, higher than estimate of 2.6 million barrels
Oil up as new Saudi minister vows to sustain oil cuts
- Prince Abdulaziz bin Salman declares "no radical change" in OPEC's production cut deal
Oil up as US rig count sees lowest level in two years
- Rig count hits lowest level since November 2017
09.09.2019
General
Oil refineries in US Gulf brace for Hurricane Dorian
- Over 45% of total US petroleum refining capacity and 51% of total natural gas processing located along Gulf coast
US oil rig count posts biggest monthly fall since March
- Oil rig number in US falls by 34 in month of August
Oil prices down as US approves further China tariffs
- US Trade Representative says tariffs on $300 billion worth of Chinese goods will raise from 10% to 15% on Sept. 1
US crude oil production breaks new record
- Crude output reaches all-time high of 12.5 million barrels a day
Oil giants' total revenue, income decline in 1H19
- Top oil companies' total net income falls by more than 11% in first half of 2019
BP to quit most prolific oilfield in US history
- Oil major to sell entire Alaska business for $5.6 billion
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Oil up with big stock drop, easing of US-China tension
- US crude stocks decreased by 11.1 million barrels, much higher than expectation of 2 million barrels draw
OPEC's oil export revenue increases 32% in 2018
- Brent crude price rise of 31% year-over-year played important role in revenue increase for OPEC members
France: G7 to do best to ensure security
- At G7 summit in Biarritz, leaders will deal with major issues including inequality, says President Emmanuel Macron
Gulf security in Iran’s hands: IRGC commander
- Tension rose after attacks on two oil tankers at Strait of Hormuz in June
EU 'under no condition' agrees to reinvite Russia to G7
- Reasons why Russia was disinvited in 2014, are still valid, says European Council President Donald Tusk
Oil plummets as Trump raises tariffs to retaliate China
- Latest trade skirmish intensifies worries that overall oil demand could be weak for remaining of 2019
US oil rig count drops most since April
- Oil rig number reaches lowest level since January 2018
Oil prices up ahead of US Fed's Jackson Hole meeting
- All focus will be on Fed Chair Powell's comments on whether more rate cuts will come this year
Oil prices down as US dollar gains after Fed minutes
- Minutes detail that bank's rate cut in July not be viewed as a "pre-set course" for more cuts
US crude oil inventories decline for w/e Aug. 16
- Commercial crude oil stocks falls by 2.7 million barrels
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Equatorial Guinea to build first LNG plant in W. Africa
- Project is part of "LNG2AFRICA" initiative that aims to supply LNG to other African countries with limited infrastructure
Oil prices up as US, Japan to kick off trade talks
- Greater optimism emerges over potential rise in global oil demand prior to US-Japan trade talks and G7 meeting in France
Gas deliveries to US LNG facilities set record in July
- Natural gas deliveries to LNG export facilities averages 6 billion cubic feet (170 million cubic meters) per day in July
Oil prices on rise as US, China trade tension eases
- US government allows 90-day trade extension between American companies and China's Huawei
Oil prices gain as US recession fears subside
- Strong retail sales in US ease worries that oil demand would remain weak this year
Oil recovers after US recession fears, weak China data
-Ten-year US Treasury Note yield falls below that of 2-year bond for first time since 2007 on Wed. signalling recession risk
US crude oil inventories rise for w/e August 9
- Commercial crude inventories increase by 1.6 million barrels
Oil gains weekly as dovish US Fed weakens dollar
- Federal Reserve's rate cut expectation lowers American dollar, and increases crude oil demand
Lower global economic growth reduces oil demand: EIA
- Lower GDP growth expectation is one of main reasons for slower growth in global liquids consumption, US administration says
Oil prices up as Gulf of Mexico storm cuts output
- Tropical Storm Barry is expected to make landfall Saturday on US' Louisiana coast -- a region with oil refineries
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US crude output for April surpasses 12M barrels daily
- US states of Texas, Oklahoma and federal offshore Gulf of Mexico all see record crude production in April
Oil prices steady with weak demand, Iran tension
- US-China trade conflict continues to weaken global oil demand
Oil sees weekly fall from oversupply, low demand worries
- Brent oil heads for 2.4% weekly loss
Oil prices up as US-China agree to restart trade talks
- Possibility of a trade deal mitigates fears of low global oil demand this year
Oil heads for biggest monthly gain before OPEC meeting
- Brent set to gain 6.75%, while WTI heads towards a 11.5% upturn in June
Oil prices down ahead of G20 summit
- All eyes will be on Trump-Xi meeting
Oil prices up as US-Iran tension escalates
- "Any attack by Iran on anything American will be met with great and overwhelming force," Trump says
Canadian government approves $40 billion LNG project
- Project represents largest single private sector investment in country's history
Oil steady as Trump queries US protection of oil lanes
- "... Why are we protecting the shipping lanes for other countries (many years) for zero compensation," says Trump
Brent oil heads 5% weekly gain with US-Iran worries
- Global benchmark reaches highest level in three weeks
21.06.2019
General
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US-Iran tension threatens secure energy supply in Hormuz
- Strait sees daily average oil flow of 21 million bpd in 2018, equivalent of 21% global petroleum liquids consumption
Oil prices post biggest daily gain with US-Iran tension
-US-Iran tension escalates to threaten secure oil supply from Strait of Hormuz
US crude oil stocks, production falls for w/e June 14
- Crude oil production in US falls for second week in a row
Oil prices gain as dollar weakens with dovish Fed
- US dollar declines with Federal Reserve opening door for a rate cut
Oil up as trade woes abate with Trump, Xi meeting
- Brent crude jumped 2.2%, while WTI soared 4.8% on Tuesday
Oil prices down with weak demand, forecast revisions
- Major financial institutions lower their oil price estimates for 2019 citing deteriorating expectations for global economy
Saudis hope OPEC, allies extend supply cut deal in July
- OPEC and Russia to meet during first week of July, Saudi oil minister says
Saudi Arabia holds top crude oil exporter title in 2018
- Saudis became top crude exporter again, while Russia ranked second and Iraq came in third place
Oil prices fluctuate with supply risks for w/e June 14
- Crude prices falls more than 3% this week
US again leads world in oil production, consumption
- US comes in top for fifth consecutive year, while Saudi Arabia is second, and Russia in third place
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US' monthly oil imports from OPEC falls to 33-year low
- Crude oil imports of US from OPEC in March 2019 marked the lowest level since March 1986
Oil prices continue gains after tanker attacks in Oman
- Attacks increase secure oil supply worries from region
US revises down oil price forecasts for 2019
- Brent price lowered by $3, WTI by $4 a barrel for this year
Oil prices rebound from losses after rise in US stocks
- Brent oil fell 4.1%, WTI lost 3.8% on Wednesday after US crude inventories US showed increase despite expectation of decline
US crude oil stocks rise, output falls for w/e June 7
- Crude oil production falls back to 12.3 million barrels per day
Oil prices fail to recover from three-month low
- Brent crude lost 6.1% on previous session to mark its largest single daily loss this year
US oil output at record level while crude stocks fall
- Crude oil production rebounds to all-time high of 12.3 million barrels per day
Oil mixed with fall in Iran's exports, US-China woes
- Decline in Iranian oil exports push prices higher, while US-China trade impasse sustains market fears of low demand
Oil down with US-China trade worries, Huawei lawsuit
- Sino-US trade relations strain further as Chinese tech firm files motion in US court to end lawsuit
Oil prices down following largest weekly drop of 2019
- Brent crude lost more than 5% last week, while WTI plummeted by around 7%
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Oil falls more than 5% to post biggest 2019 weekly loss
- Brent declines 5.4% for the week, while WTI slumps by 6.9%
Oil prices rebound on Friday from two-month low
- Crude prices on Thursday hit lowest level since March
Oil prices down with rising US crude inventories
- Surprise increase in crude stocks and oil production remaining near record high level puts pressure on prices
Oil giants' total net income, revenue decline in 1Q19
- Top oil companies' total income and revenue fall by more than 4% in the first quarter of this year
Oil prices down as Saudis vow peace in Middle East
- "Saudi Arabia will do everything in its power to prevent any war," the kingdom says
Oil prices up with rising tensions in Middle East
- Trump says Iran "will be met with great force," if it moves against US
Oil gains with OPEC signaling output cut extension
- Saudi minister says OPEC and allies will "gently" decrease crude oil inventories in second half of 2019
Oil steady with attack on Saudi station, US-China trade
- Saudi pipeline - strategic for crude exports from Red Sea as alternative route to Strait of Hormuz
Oil retreats with escalating US-China trade tension
- Beijing retaliates by raising tariffs on US goods, after Trump forces China to make a deal
Oil has small gains awaiting US-China trade row outcome
- Trade dispute threatens global oil demand, as two nations represented 34% of world oil consumption in first quarter of 2019
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Brent oil gains 2% this week with Iran, supply worries
- US-China trade tension could hurt oil demand while supply cuts from Iran and Venezuela sustain higher prices
Gas, renewables to replace coal for US power in summer
- While coal is forecast to provide 25% of electricity generation, natural gas is expected to provide 40% of generation
Oil prices fall with heightened US-China trade tensions
- Trump claims China 'broke the deal,' while Beijing says it would retaliate against tariffs with 'necessary countermeasures'
US crude oil stocks, production fall for w/e May 3
- Crude oil production falls back to 12.2 million barrels per day
Oil prices gain with record China crude imports
- China's crude oil imports show 11% increase in April from same month last year
US revises up Brent oil forecast by $5 for 2019, 2020
- International benchmark is estimated to average $70 a barrel this year
Occidental to sell Anadarko's African assets to Total
- Contingent upon the acquisition, Anadarko's assets in Africa will be sold to France's Total for $8.8 billion
07.05.2019
General
2018 marks lowest uranium production in US in 70 years
- 2018 also marks fourth consecutive year of declines in uranium production in the country
Oil prices gain as China set for trade talks with US
- US Trade Representative Lighthizer says Chinese Vice Premier Liu will head officials from Beijing to Washington on Thursday
Oil prices post gains to recover from one-month low
- Prices hit lowest level in a month on Thursday but regained some losses on Friday
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Buffett commits $10B to Occidental to acquire Anadarko
- Buffett's company Berkshire Hathaway levels the field for Occidental against energy major Chevron
General Electric sees revenue loss, earnings rise in 1Q
- Net earnings reach $3.55 billion, but revenue falls to $27.29 billion in January-March period
Oil prices down with China's weak manufacturing data
- Manufacturing sector shows weakness in April, but Purchasing Managers' Index remains just above 50 to avoid contraction
Chevron revenue, income decline in 1Q19
- Net income falls 27.2%, while revenue dips 6.8% year-over-year
ExxonMobil net income falls almost 50% in first quarter
- US major posts net income of $2.35 billion in first quarter of 2019, down from $4.65 billion for same period last year
Brent falls as Trump calls on Saudis, OPEC to up output
- 'Spoke to Saudi Arabia and others about increasing oil flow. All are in agreement,' Trump said Friday
Schlumberger's net income falls 20% in 1Q19
- Net income decreases to $421 million in first quarter of year, from $525 million for same period a year ago
Oil prices up with decline in US oil rig count
- Brent posts 0.5% increase for four day trading this week, a day early because of market closure on 'Good Friday'
8 count fall in US oil rigs supports higher prices
- Despite decline, number of oil rigs in US has remained steady compared to a year ago