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Ukraine sanctions on Lukoil risk for refineries in Hungary, Slovakia : Fitch

- Broader, longer-term interruption of Russian supply could pose significant risk to refining operations, energy supply, says rating agency

25.07.2024 Oil

US Environmental Protection Agency announces $4.3B in grants to cut climate pollution

- Projects aim to reduce pollution in transportation, electric power, buildings, industry, agriculture and waste and materials management

23.07.2024 General

US Fed chair says unchecked banking problems will undermine entire system

- 'All depositors savings and the banking system are safe,' says Jerome Powell

23.03.2023 World Americas

US Treasury head says failure of a small bank can trigger demise of other banks

- 'SVB has experienced a calamitous run,' says Janet Yellen

23.03.2023 World Americas

US sanctions Russia-backed Iranian oil smuggling, money laundering network

- Network led by officials of Iran's Revolutionary Guards, backed by senior levels of Russian government, says US Treasury

26.05.2022 Oil Americas

US gasoline prices hit highest levels in 10 years

- Average price up almost 40% from last year

05.03.2022 World Americas

Biden orders oil reserve sale to improve supply, lower prices

- White House says move is coordinated with China, India, Japan, Korea, UK as 'we exit pandemic'

23.11.2021 Oil World Americas

Fitch revises up Turkey's growth forecast to 9.2% this year

- Growth in 2021 likely to be highest in almost one decade, agency says

17.09.2021 Finance World Türkiye

Climate-related disasters killed 17,000 since COVID-19 began: report

- Additional 658M people exposed to extreme temperatures

17.09.2021 Renewable International Relations Europe

US initial jobless claims down in line with expectations

- Last week's new claims fall 26,000, previous week's figures revised upwards 13,000

16.07.2021 Americas

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US Federal Reserve keeps interest rate unchanged

- ‘Progress on vaccinations has reduced the spread of COVID-19 in the US,’ central bank says

17.06.2021 Americas

US Fed expects higher inflation in 2021

- Central bank indicates interest rate will increase in 2023

17.06.2021 Americas

US stocks close lower as Fed eyes 2023 for rate hike

- Gold, silver, Bitcoin decline as dollar index, Treasury yields, VIX volatility rise

17.06.2021 Americas

GE merges aircraft leasing unit with rival in $30B deal

- Firm plans to reduce debt by $30 billion after deal closed

11.03.2021 Electricity News from companies World

US initial jobless claims fall lowest level in 3 weeks

- Trump says he wants direct payments to taxpayers increased to $2,000

24.12.2020 World Americas

Rosneft income falls 77%, revenue down 51% in 2Q20

- Company has net loss of 113 billion rubles ($1.55 billion) in first six month of 2020

14.08.2020 Upstream Invesments Eurasia

US gasoline supply post largest monthly rise since 1945

- Easing stay-at-home orders cause rise in gasoline use, but jet fuel demand remains low with weak commercial air travel

14.08.2020 Downstream Energy Security Americas

Trump scraps Obama methane limits in oil, gas sectors

- Decision is a major setback in climate regulations as methane is more potent than CO2 as heat-trapping gas in atmosphere

14.08.2020 Natural Gas Energy Security Americas

US' gas-fired electricity generation rises 9% in 1H20

- Increase in natural gas-fired generation result of low gas prices, additions in gas-fired power capacity

13.08.2020 Renewable Coal Downstream Americas

Global oil production increases in July 2020

- Global oil demand in 2020 is estimated to be 9.06 million barrels a day lower than last year

12.08.2020 Upstream International Organization Middle East-Africa

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US' LNG exports to remain low this summer: EIA

- Decline in global gas demand, rising gas inventories, increasing global LNG capacity cause gas prices reach all-time lows

12.08.2020 Lng/Lpg Americas

EIA revises up Brent oil forecast by almost $1 for 2020

- International benchmark expected to average $41.40 per barrel this year

12.08.2020 Upstream Stock Market International Organization Americas

Spot market electricity prices for Wednesday, August 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 175.78 million Turkish liras

11.08.2020 Coal Türkiye

Spot market natural gas prices for Monday, August 10

- 1,000 cubic meters of natural gas on spot market costs 1,415 Turkish liras

11.08.2020 Natural Gas Türkiye

Turkey's daily power consumption up 11% on August 10

- Turkey's electricity exports amount to 3,991 megawatt-hours, while imports reach 2,447 megawatt-hours

11.08.2020 Coal Türkiye

Brent oil $45 a barrel as markets await US relief bill

- US Treasury Secretary Steven Mnuchin says a deal could be reached this week

11.08.2020 Downstream Stock Market Energy Security Americas

Spot market electricity prices for Sunday, August 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 154.77 million Turkish liras

08.08.2020 Electricity Türkiye

Spot market natural gas prices for Friday, August 7

- 1,000 cubic meters of natural gas on spot market costs 1,408 Turkish liras

08.08.2020 Natural Gas Türkiye

Iran moves from oil to petrochemicals in export

- Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue

08.08.2020 Refining/Petro Chemistry Invesments Middle East-Africa

Turkey, TRNC do not condone theft of rights in E. Med.

- Egypt, Greece deal new example of two countries not obeying laws, Ersin Tatar says

08.08.2020 International Relations Türkiye Europe

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Turkey's daily power consumption up 0.42% on August 7

- Turkey's electricity exports amount to 5,735 megawatt-hours, while imports reach 7,676 megawatt-hours

08.08.2020 Electricity Türkiye

US oil rig count falls by 4 for week ending Aug. 7

- Number of oil rigs in US hit lowest level since July 2005

08.08.2020 Upstream Americas

Libya welcomes US sanctions on oil smuggler network

- Competition for control of smuggling routes, oil facilities deprives Libyan people of economic resources, US Treasury Department says

07.08.2020 Downstream Energy Security Americas Middle East-Africa

US converts 121 coal-fired plants since 2011

- Decision to covert driven by stricter emission standards, low natural gas prices, more efficient gas turbine technology

06.08.2020 Coal Downstream Americas

US crude oil prod. in May posts record monthly decline

- Crude output in US posts largest monthly fall since January 1980

05.08.2020 Upstream Energy Security Americas

Spot market electricity prices for Wednesday, August 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 172.4 million Turkish liras

04.08.2020 Coal Stock Market Türkiye

Spot market natural gas prices for Monday, August 3

- 1,000 cubic meters of natural gas on spot market costs 1,385 Turkish liras

04.08.2020 Downstream Stock Market Türkiye

BP posts $16.8 billion loss in second quarter of 2020

- Firm's total loss widens to $21.2 billion for first half of year

04.08.2020 Upstream Invesments Energy Security Europe

Turkey's daily power consumption up 2.73% on August 3

- Turkey's electricity exports amount to 5,401 megawatt-hours, while imports reach 1,995

04.08.2020 Coal Türkiye

Oil prices down as OPEC raises crude output

- OPEC+ group lowers oil output cut by 2 million bpd from Aug. 1 onwards

04.08.2020 Upstream Stock Market International Organization Americas

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Chevron records 65% revenue decline, $8B loss in 2Q20

- Economic impact of response to COVID-19 significantly reduced demand, lowered commodity prices, CEO says

01.08.2020 Oil

ExxonMobil posts $1B net loss, 52% revenue fall in 2Q20

- Capital and exploration expenditures were $5.3 billion in second quarter, nearly $2 billion lower than first quarter

01.08.2020 Oil

ConocoPhillips earnings decline 83.5% in 2nd qtr. of 2020

- Earnings decrease due to lower prices and volumes, company says

31.07.2020 Oil Americas

US energy use in April falls to lowest level in 30 years

- Month of April sees lowest monthly energy consumption recorded since September 1989

30.07.2020 Electricity Americas

Eni posts $5B net loss, 55% revenue fall in 2nd qtr.

- Company going through one of most challenging quarters oil and gas industry faced in history, CEO says

30.07.2020 Oil

Total's revenue down 52%, net loss $8.3B in Q2

- COVID-19 had a significant impact on global economy and oil market saw sharp drop in crude prices, CEO says

30.07.2020 Oil Europe

Shell posts $18B loss, revenue fall 64% in Q2

- Weak results reflect lower prices for oil, lower realized refining margins, higher well write-offs, company says

30.07.2020 Oil

Brent oil up with major withdrawal in US crude stocks

- Massive decline in US crude inventories signals oil consumption in country is on rise with summer driving season

30.07.2020 Oil

US crude oil inventories post massive decline

- Commercial crude oil stocks fall by 10.6 million barrels, against market forecast of 0.3 million barrel increase

30.07.2020 Oil Americas

US coal production falls to lowest level since 1978

- Country on target for further declines in coal production this year to levels comparable with 1960s

29.07.2020 Coal Americas

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Turkey ready for talks with Greece sans preconditions

- Ankara willing to turn Mediterranean into region of peace, not conflict, says presidential spokesman

29.07.2020 International Relations Türkiye Europe

Oil prices up with estimated decline in US crude stocks

- Forecast of US crude inventory fall signals increases in US oil consumption

29.07.2020 Refining/Petro Chemistry Stock Market Energy Security Americas

Forty US firms reduce asset value by $48B in 1st qtr.

- The 40 publicly traded oil companies produce about 30% of all US liquids production in first quarter

28.07.2020 Downstream Projects Energy Security Americas

Oil mixed as US dollar plunge ends and virus cases rise

- After recording lowest rate since June 2018, US dollar index was up 0.3% with $1 trillion stimulus package introduced in US

28.07.2020 Downstream Stock Market Energy Security Americas

Oil up with low dollar index and US-China tension

- Escalating tensions between US and China reignite fears of poor economic activity and low oil demand

27.07.2020 Downstream Stock Market International Relations Asia Americas

Schlumberger posts net loss, revenue decline in 2nd qtr

- North America takes largest hit for company who saw 58% revenue decline in region

24.07.2020 Upstream Projects Americas

Oil prices head for 1% weekly gain with weak US dollar

- US dollar index declines in 10 of last 11 trading days, offering cheaper prices for oil importers and raising their demand

24.07.2020 Downstream Stock Market Energy Security Americas

Oil prices steady as weak dollar balances low demand

-Importers benefit from weak US dollar which hit lowest level since Sep. 2018 to offset low demand from rising COVID-19 cases

24.07.2020 Downstream Stock Market Energy Security Americas

Baker Hughes net loss widens, revenue down in 2nd qtr.

- Risks of second wave of virus and high unemployment forge uncertain economic environment through 2020, CEO says

23.07.2020 Upstream Invesments Americas

Petrobras oil production down due to reduced demand

- Company says it is facing sharp oil price drop, demand decline and market supply surplus

23.07.2020 Upstream Invesments Energy Security Americas

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Oil prices up as weak US dollar spurs higher demand

- US dollar index at lowest level of four and a half months

23.07.2020 Downstream Stock Market Energy Security Americas

US crude oil stocks rise against market expectation

- Commercial crude oil stocks increase by 4.9 million barrels, against market forecast of 2.1 million barrel decline

23.07.2020 Refining/Petro Chemistry Americas

US petroleum demand to remain low until August 2021

- US consumption of liquid fuels in April reached all-time monthly low since early 1980s

21.07.2020 Downstream Energy Security Americas

Halliburton posts net loss, revenue decline in 2nd qtr.

- Revenue down 46% with net losses of $1.68 billion in second quarter of 2020

21.07.2020 Oil Invesments Americas

Oil prices up as EU agrees on budget, coronavirus aid

- Investors hopeful that €750 billion relief package will restart European economy and boost oil consumption on continent

21.07.2020 Downstream Stock Market International Organization Europe Americas

Chevron agrees to buy Noble Energy for $5 billion

- Deal will add Noble's hydrocarbon reserves to Chevron's portfolio

20.07.2020 Upstream Projects Energy Projects Americas Middle East-Africa

Canada's oil production hits lowest level since 2016

- Oil production falls by 700,000 barrels per day in April, and by another 640,000 barrels per day in May

20.07.2020 Upstream Oil International Organization Americas

US uranium production falls to all-time low in 2019

- Canada was largest source of US uranium imports in 2019, followed by Kazakhstan, Australia and Russia

20.07.2020 Nuclear Americas

Oil prices down with rising coronavirus cases worldwide

- Rising COVID-19 cases weakens world economic outlook and oil demand, implying oil consumption will likely remain low

20.07.2020 Downstream Stock Market Energy Security Asia Americas

US share of Turkish LNG imports rises with cheap prices

- Turkey can use cheap US LNG to diversify sources, enhance negotiations and export to southern Europe, investor says

18.07.2020 Lng/Lpg Invesments International Relations Türkiye Americas

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Oil prices down with rising coronavirus cases worldwide

- Confirmed cases in US surpass 3.5 million mark

17.07.2020 Upstream Stock Market International Organization Americas

US tells companies to 'get out' of Russian gas projects

- Companies involved in Nord Stream 2 and second line of Turk Stream projects at risk of sanctions, says top US diplomat

15.07.2020 Natural Gas International Relations Türkiye Eurasia Americas

OPEC agrees to ease oil output cut to 7.7 mbpd in August

- Group foresees jet fuel, gasoline and diesel consumption to grow in coming months

15.07.2020 Oil International Organization

OPEC prepares to ease oil production cut to 7.7 mbpd

- "Excess oil will be used for domestic consumption in oil producing nations," Russian energy minister says

15.07.2020 Oil

Oil sees positive momentum with OPEC cuts: Sec. Gen.

- Barkindo points to growing importance of international dialogue, cooperation in helping to stabilize world energy markets

15.07.2020 Oil International Relations

US Henry Hub natural gas prices hit record lows in 1H20

- Natural gas prices in US to stay low in coming months before eventually increasing by end of this year

15.07.2020 Natural Gas

Global oil production declines in June 2020

- Global oil demand in 2020 is estimated to be 8.95 million barrels a day lower than last year

14.07.2020 Upstream International Organization Middle East-Africa

Oil down with record virus cases, US-China tension

- 230,000 COVID-19 cases were reported to WHO on Sunday -- a single-day world record

14.07.2020 Upstream Stock Market International Relations Asia Americas

OPEC share of global crude output falls to 39% in 2019

- Iran and Venezuela each see a year-over-year 33% decline in crude oil output

13.07.2020 Upstream International Organization Americas Middle East-Africa

US produces, consumes record high natural gas in 2019

- Natural gas production rises 10% while consumption increases 3.1% from previous year

13.07.2020 Electricity Upstream Americas

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Oil prices down with record new virus cases in US state

- Rising number of COVID-19 cases lowers economic recovery outlook and oil consumption in US

13.07.2020 Downstream Stock Market Energy Security Americas

Spot market electricity prices for Monday, July 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 146.24 million Turkish liras

12.07.2020 Electricity Türkiye

Spot market natural gas prices for Saturday, July 11

-1,000 cubic meters of natural gas in spot market costs 1,286 Turkish liras

12.07.2020 Downstream Türkiye

Libya: Haftar stipulates conditions to allow oil flow

- Warlord Khalifa Haftar wants equal distribution of oil revenue and proceeds to be deposited in foreign bank

12.07.2020 Upstream Energy Security Middle East-Africa

Turkey's daily power consumption down 3.28% on July 11

- Turkey's electricity exports amount to 2,171 megawatt-hours, while imports total 8,183 megawatt-hours

12.07.2020 Electricity Türkiye

IEA: Global oil supply falls to nine-year low in June

- Record OPEC+ cuts drive most of decline in June as group boosts compliance to 108% from 88% a month earlier

10.07.2020 Upstream International Organization Americas Middle East-Africa

Oil prices down with record new COVID-19 cases globally

- Daily number of coronavirus cases in world spiked by 223,230 on Thursday to break single-day record

10.07.2020 Downstream Stock Market Energy Security Asia Americas

Oil prices down with surprise rise in US crude stocks

- On demand side, risks over a second wave of COVID-19 continue to keep outlook for global oil demand weak

09.07.2020 Downstream Stock Market Energy Security Americas

US crude oil stocks increase against market expectation

- Commercial crude oil stocks rise by 5.7 million barrels, against market forecast of a decline of 3.1 million barrels

09.07.2020 Refining/Petro Chemistry Americas

Spot market electricity prices for Thursday, July 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 156.23 million Turkish liras

08.07.2020 Electricity Stock Market Türkiye

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Spot market natural gas prices for Tuesday, July 7

-1,000 cubic meters of natural gas in spot market costs 1,255 Turkish liras

08.07.2020 Downstream Stock Market Türkiye

US approves LNG export from Jordan Cove in Oregon

- Project will export up to 30.6 million cubic meters per day of natural gas from Canada and US

08.07.2020 Lng/Lpg Energy Projects Americas

Turkey's daily power consumption hits record on July 7

- Hourly consumption peaked at 17.00 local time with 43,638 megawatt-hours, posting another record for hourly electricity use

08.07.2020 Electricity Türkiye

Oil prices down with estimate of US crude stock buildup

- Crude oil inventories in US are expected to rise by 2.05 million barrels for week ending July 3

08.07.2020 Refining/Petro Chemistry Stock Market Americas

EIA revises up Brent price forecast by $2.50 for 2020

- International benchmark expected to average $40.50 per barrel this year

08.07.2020 Upstream Stock Market International Organization Americas

Turkey, Russia hold 20th joint patrol in northern Syria

- Patrol conducted with participation of ground and aerial elements, says Turkey's Defense Ministry

08.07.2020 International Relations Türkiye Eurasia Middle East-Africa

US gas exports to Mexico to rise with p/line extension

- Extension to increase natural gas sent from the US to Mexico by 25.2 million cubic meters per day

07.07.2020 Downstream Energy Projects Americas

Oil down with more COVID-19 cases in key US states

- Number of COVID-19 cases in California, Texas, Florida are each above 200,000 mark

07.07.2020 Downstream Stock Market Energy Security Americas

Oil prices up with lowest US rig count since June 2009

- Decline in oil rig count suggests that crude oil production in US will decrease in short term

06.07.2020 Upstream Stock Market Americas

Oil prices up around 5% for week ending July 3

- US commercial crude oil inventories signal rising demand in world's largest oil consuming country

03.07.2020 Refining/Petro Chemistry Stock Market Energy Security Americas Middle East-Africa

UN watchdog confirms no increase in radiation levels following Israeli strikes on Iran’s Natanz nuclear site

UK pledges £14.2 billion to support construction of Sizewell C nuclear power plant

Global electricity generation from renewables and nuclear surpasses 41% in 2024

Vilnius unveils emergency evacuation plan amid military and nuclear threat concerns

Türkiye says power system strong amid European blackout

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

Türkiye says power system strong amid European blackout

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

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

European energy markets face volatility in 2H25 amid tight LNG supply

Global LNG exports rise 3.1% in 1st quarter on soaring EU demand

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

Türkiye's LPG production down 4.2% in January

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 8 for week ending May 23

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 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

Türkiye's installed wind power capacity soars 177% in decade

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

Norwegian firm Scatec secures financial close for 1GW solar-battery project in Egypt

Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

Chile launches largest solar plant with battery storage in Latin America

Türkiye's daily solar power generation hits highest level of year

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

EU bank pledges €1.6B for electricity interconnection between Spain and France

Türkiye's daily power consumption up 0.03% on June 13

Türkiye's installed wind power capacity soars 177% in decade

Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

Deflationary trend continues in consumer, producer prices in China

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

Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

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%

Türkiye's LPG production up 12.4% in March

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

EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

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

Turkmen natural gas set to reach Türkiye on March 1