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Global fuel demand growth revised down amid coronavirus
- Global liquid fuels demand to average 101.7 million bpd in 2020, 378,000 bpd less than EIA's previous forecast in January
Oil steady with virus fears and rise in US crude stocks
- Crude inventories in US are estimated to increase by 4.2 million, API figures show
Rosneft income increases 50% in fourth quarter of 2019
- Revenue rises 6.3% from final quarter of 2018
Solar is key in cutting Turkish gas imports: GENSED head
- 1,000 megawatts of installed capacity in solar energy will prevent $110 million of Turkey's imported gas: Solar Energy Head
Oil prices gain with supply fears over Libya, Rosneft
- Missiles struck close to highly explosive LPG tanker in Tripoli
Oil prices down with rising coronavirus cases
- Death toll in China from coronavirus outbreak increases to 1,869
Spot market electricity prices for Sunday, Feb. 16
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 88.44 million Turkish liras
Spot market natural gas prices for Friday, Feb. 14
- 1,000 cubic meters of natural gas in spot market costs 1,478 Turkish liras on Friday
US natural gas spot prices hit lowest level since 2016
- Relatively warm winter, gas production growth outpacing demand push prices to historic lows
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US oil rig count rises by two for week ending Feb. 14
- Number of oil rigs in US increases to 678
Turkey's daily power consumption down 1.16% on Feb. 14
- Turkey's electricity exports total 7,342 megawatt-hours, while imports amount to 10,346 megawatt-hours on Friday
Spot market electricity prices for Saturday, Feb. 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 147.43 million Turkish liras
Spot market natural gas prices for Thursday, Feb. 13
- 1,000 cubic meters of natural gas in spot market costs 1,467 Turkish liras on Thursday
Oil heads for 5% weekly gain as coronavirus fears ease
- Most reported cases are going back over days and weeks, WHO says
LNG prices to recover from coronavirus lows by year end
- Spot LNG prices down more than 55% from a year ago as outbreak causes low gas demand
More OPEC cuts will fail to curb glut due to coronavirus
-Economic shut-down in China from coronavirus will cause largest negative oil demand shock since 2008, says Rystad Energy
Turkey's daily power consumption down 1.89% on Feb. 13
- Turkey's electricity exports total 6,541 megawatt-hours, while imports amount to 7,982 megawatt-hours on Thursday
Oil prices remain under pressure with coronavirus woes
- Death toll in China from coronavirus outbreak rises to 1,381
Coronavirus to delay global recovery, cause oil surplus
- World GDP may contract by 1% in 1Q20, which would be first quarter-to-quarter contraction since 1Q09
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US' Gulf of Mexico lease sales scheduled for March 18
- This will be sixth offshore oil and gas lease sale under 2017-2022 Outer Continental Shelf Leasing Program
BP aims to achieve net zero carbon emissions by 2050
- Measures include achieving net zero emissions in operations, oil and gas production, and reducing methane intensity by 50%
US projected to become net oil exporter by 2050
- World's largest oil importer to export more crude if it produces more and oil prices increase
Global oil supply falls in Jan 2020: Int. Energy Agency
- Demand expected to fall in first quarter of 2020, marking first quarterly contraction in more than 10 years, IEA says
Oil loses gains as coronavirus deaths reach daily high
- Number of deaths climbed by daily record of 242 in China's Hubei province
US crude oil stocks, production up for w/ending Feb. 7
- Crude oil output returned to record high level of 13 million barrels per day last week
Global oil production down in January 2020
- OPEC crude oil output shows month-on-month decrease of 509,000 barrels per day to average 28.86 million barrels a day
Qatargas, Shell sign deal to supply LNG to Kuwait
- Deal will provide 1 million tons of LNG per annum to Kuwait beginning this year
Trump proposes $188 million for offshore energy budget
- $26.5 million assigned to advance offshore renewable development
EIA lowers oil price forecast by $4 due to coronavirus
- Brent crude expected to average $61 a barrel in 2020, down from previous estimate of $65 per barrel
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Coronavirus may put gas market under stress: Fitch
- Chinese LNG importers may cancel up to 70% of imports in February, rating agency warns
Oil up as coronavirus cases slow to support demand
- Number of new cases marks slowest growth rate since Jan. 31
US energy-related CO2 emissions to fall by 2050: EIA
- If realized, energy-related CO2 emissions could be 4% lower by 2050 compared to 2019 levels
Oil up with possibility of OPEC extending output cut
- Coronavirus 'has had a negative impact on oil demand and oil markets,' OPEC president says
Halliburton, Socar AQS agree to joint venture in Azerbaijan
- The JV will provide oilfield products and services with operations start expected for the second quarter of 2020
Oil steady as market awaits OPEC cut against low demand
- Coronavirus outbreak continues to lower demand and put downward pressure on prices
ConocoPhillips net income, revenue down in 4Q19
- Net income for full year of 2019 saw increase from previous year
US crude oil inventories rise higher than expectation
- Commercial crude oil stocks rose by 3.4 million barrels, compared to market estimate of 2.8 million barrels increase
Oil prices up with hopes of deeper OPEC production cuts
- Chinese ambassador to the UN shared latest information on coronavirus and measures taken with OPEC in Vienna
Rosneft, Japan energy agency meet to develop projects
- Topics include cooperation in oil, gas exploration, development of LNG projects, technology
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BP increases hydrocarbon production in 4Q19
- Underlying replacement cost profit falls 25.7% in final quarter, declines 21.2% for full year of 2019
Oil prices bounce back from 13-month lows
- Outbreak of coronavirus continues to keep crude demand low around the world
UAE finds 2.3 trillion cubic meters of new gas reserve
- Discovery marks the second finding in three months
Oil hits lowest level in six months due to coronavirus
- Prices at lowest level since Aug. 7, 2019
Chevron posts net loss of 6.6B in 4th qtr. of 2019
- Net income for full year of 2019 down 80% from previous year
ExxonMobil net income declines more than 30% in 2019
- For full year of 2019 revenue came 8.7% lower than previous year
Oil prices head for biggest monthly decline since May
- Crude heads for more than 13% monthly loss with coronavirus' negative impact on economic growth and global oil demand
US renewables power generation to exceed nuclear, coal
- Electricity generation from renewable sources, like wind and solar, to surpass nuclear and coal by 2021
Saudi Aramco invests $5 million in blockchain firm
- By using blockchain technology, the firm aims to further develop its trading platform and expand into new markets
Brent steady with low demand worries, Libya supply cuts
- Coronavirus spread lowers global oil demand, while Libya's oil output could come to a complete halt
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OPEC may bring forward March meeting due to coronavirus
- Scheduled to meet on March 5-6, group is expected to extend output cut for an additional three months
Shell posts over 80% income decline in 4th qtr. of 2019
- Net income, revenue fall both in final quarter and full year of 2019
Oil down as Fed warns against virus impact on growth
- "There is likely to be some disruption to activity in China and globally," Fed Chair Powell says
US crude oil stocks rise much higher than expectation
- Commercial crude inventories jump by 3.5 million barrels, compared to market estimate of rise of 482,000 barrels
French authorities, NGOs sue Total for climate change
- Lawsuit marks first climate change litigation against a company in France
Turkey's natural gas imports down 17% in November 2019
- Total natural gas consumption in November falls by 15.8% year-over-year
Turkey's licensed power generation down 1.52% in Nov.
- Installed electricity capacity increases 2.32% compared to November 2018
Oil prices up with surprise crude inventory draw
- US crude oil stocks estimated to decline by 4.27 million barrels for week ending Jan. 24
Turkey's oil imports up 45.7% in November 2019
- Production of oil refinery products increases by 62.3% to 3.07 million tonnes in November 2019
US crude oil output set for slow growth through 2021
- Crude production to rise by 9% this year, and grow by an another 3% next year
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Spot market natural gas prices for Monday, Jan. 27
- 1,000 cubic meters of natural gas in spot market costs 1,472 Turkish liras on Monday
Spot market electricity prices for Wednesday, Jan. 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 146.98 million Turkish liras
Oil revenues under threat for 1.3M Libyans: NOC head
- National Oil Company will not receive requested budget, which means billions less for Libyan people in future, Sanalla says
Brent oil posts losses with rising coronavirus deaths
- Benchmark hits lowest level in nearly four months
Oil prices down with rising coronavirus cases
- Rising coronavirus cases in China as well as increased risk in US negatively impacts global oil demand
Oil heads for 6% weekly loss with China virus fears
- "Official GDP figures [in China] are likely to show a milder slowdown, as they did during SARS," expert says
Spot market electricity prices for Saturday, Jan. 25
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 143.21 million Turkish liras
Spot market natural gas prices for Thursday, Jan. 23
- 1,000 cubic meters of natural gas in spot market costs 1,482 Turkish liras on Thursday
Baker Hughes earnings fall, revenues rise in 2019 & 4Q
- Revenue rises 7.8% in final quarter of 2019 and shows 4.2% increase for full year of 2019
Oil recovers after WHO calms Chinese epidemic concerns
- Coronavirus in China "has not yet become a global emergency", WHO says
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US crude oil stocks decline for week ending Jan. 17
- Commercial crude inventories fall by 0.4 million barrels
China to buy big US crude quantities as per trade deal
- Beijing faces various challenges to meet $52 billion worth of energy goods purchases from US in two years
Energy Info Admin. forecasts fall in oil prices in 1H20
- Brent crude to decline in early 2020 to average $62 per barrel in May
Oil prices down with rising US stocks, China epidemic
- New virus epidemic in China threatens overall oil demand
US energy-related CO2 emissions to decline through 2021
- 2021 is expected to mark third consecutive year of decline in US energy-related CO2 emissions
Oil prices gain 1% with Libya shutdown
- Halt of oil exports causes 800,000 barrels per day of crude output loss, Libya's National Oil Corporation reveals
US oil rig count rises by 14 for week ending Jan. 17
- Oil rig count rises for first time after three consecutive weeks of decline
China to buy US energy goods worth $52B over 2 years
- Out of $200 billion purchase commitment, 26.2% is energy-related, the second-largest category in phase-one deal
Gas-fired power to slow in US with rise in renewables
- Total new solar, wind capacity to reach 49.3 GW to surpass new gas-fired power additions of 11.4 GW by end of 2020
Schlumberger revenue rises, posts net loss in 2019
- World's largest oilfield services firm reports $32.92 billion in revenue for full year
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Oil prices post weekly losses for w/ending Jan. 17
- US crude output reaching new record high brings oversupply worries
Oil down as China posts weakest grow in three decades
- Chinese economy expands 6.1% in 2019, weakest in 29 years
US crude oil production breaks new record high
- Crude output reaches all-time high of 13 million barrels a day
Global oil production down in December 2019
- OPEC crude oil output shows month-on-month decrease of 161,000 barrels per day to average 29.44 million barrels per day
Wind, solar to generate most new US power in 2020
- Of 42 GW of new additions, wind is expected to account for largest share at 18.5 GW, or 44%
Valeura's gas production rises 22% in 4th quarter 2019
- Gas production averages 646 barrels of oil equivalent per day in fourth quarter last year
Baku-Tbilisi-Ceyhan line delivers lowest oil since 2007
- Oil pipeline delivered around 233.1 million barrels of Azeri oil in 2019
Oil prices steady before US-China phase-one trade deal
- Investors skeptical that world's two largest economies will lift sanctions amid phase-two deal
Energy Info. Admin. revises up 2020 oil price forecasts
- Brent crude estimated to average $65 per barrel this year
Oil prices up with US, China trade rapprochement
- US removes China's 'currency manipulator' label
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Spot market electricity prices for Sunday, Jan. 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 132.2 million Turkish liras
Spot market natural gas prices for Friday, Jan. 10
- 1,000 cubic meters of natural gas in spot market costs 1,467 Turkish liras on Friday
US oil rig count falls by 11 for week ending Jan. 10
- Oil rig count declines for third week in a row
Turkey's daily power consumption down 1.88% on Jan. 10
- Turkey's electricity exports total 7,915 megawatt-hours, while imports amount to 1,723 megawatt-hours on Friday
Oil prices down as Middle East tensions ease
- Prices below Jan. 3 level when US carried out strike killing Iran's Qasem Soleimani
US crude oil inventories rise for week ending Jan. 3
- Commercial crude inventories increase by 1.2 million barrels
Oil prices down with lost gains after Trump's comments
- "Iran appears to be standing down," US President says
Oil prices down 1% as OPEC head's remarks calm market
- Brent crude down 1.33%, while WTI loses 1.75% after Barkindo's statements
TurkStream gas pipeline launches in Istanbul
- Energy and Natural Resources Minister Fatih Donmez calls the project 'visionary' and 'new symbol of cooperation'