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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 Turkey

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 Turkey

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 Turkey

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 Turkey

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 Turkey

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 Turkey 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 Turkey

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 Turkey

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 Turkey

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 Turkey

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 Turkey 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 Turkey 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 Turkey 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 Turkey

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 Turkey

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 Turkey

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 Turkey

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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 Turkey

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 Turkey

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 Turkey 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

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Oil prices down with record new COVID-19 cases in US

- Record number of new cases in world's biggest oil consumer indicates that oil demand is likely to remain low in 3rd quarter

03.07.2020 Downstream Stock Market Energy Security Americas

US oil rig count falls for sixteenth consecutive week

- Over the past 16 weeks, the decline in the US oil rig count totaled 498, according to Baker Hughes

03.07.2020 Oil Americas

Non-fossils account for 20% of US energy use in 2019

- US total renewable energy consumption surpassed coal consumption last year for first time in 130 years

02.07.2020 Electricity Renewable Americas

Goldman Sachs expects full oil demand recovery in 2022

- Global oil demand to decline by 8% in 2020, and increase by 6% in 2021

02.07.2020 Downstream Energy Security Asia Americas

Oil prices up with fall in US crude inventories

- Summer season provides positive outlook for global oil consumption through September

02.07.2020 Transportation/Fuel Oil Stock Market Americas

US crude oil stocks fall more than market expectation

- Commercial crude oil inventories decrease by 7.2 million barrels, higher than market forecast of 0.7 million barrels

02.07.2020 Refining/Petro Chemistry Americas

OPEC Sec. Gen. joins African meeting to discuss energy

- Secretary General Barkindo calls for cooperation to sustain oil market stability

01.07.2020 Upstream International Organization Middle East-Africa

US industrial power sales lowest in April since 1987

- Stay-at-home orders against COVID-19, which moved office workers to working from home, also affected commercial power sales

01.07.2020 Electricity Americas

US oil production increases by 134% in 11 years

- Between 2009-2019, US share of world oil production jumped from 8.91% to 17.9%, almost doubling in 11 years

01.07.2020 Upstream International Organization Eurasia Americas Middle East-Africa

Oil up with estimate of large US crude stock withdrawal

- Crude oil inventories in US are expected to decline by 8.1 million barrels for week ending June 26

01.07.2020 Refining/Petro Chemistry Stock Market Americas

Germany says Iran nuclear talks are in 'decisive phase'

Iran says US reconciled to lift oil, shipping sanctions

Iran nuclear talks in Vienna end with agreement still elusive

Israeli new FM vows to prevent Iran from becoming nuclear power

Turkey's daily power consumption up 2.97% on July 16

Spot market electricity prices for Tuesday, July 13

Turkey's daily power consumption down 7.96% on July 11

Spot market electricity prices for Saturday, July 10

Spot market electricity prices for Sunday, July 18

Strong rebound in global electricity demand drives record coal-fired generation

Five Asian countries plan 80% of new coal endangering climate targets

Turkey's energy import bill up 143.8% in May 2021

Eni announces oil discovery in Western Desert of Egypt

US produces, consumes record high natural gas in 2019

Nigeria's president launches new gas pipeline project

OPEC holds first technical meeting with gas exporters

Spot market natural gas prices for Thursday, July 1

Spot market natural gas prices for Monday, March 8

Spot market natural gas prices for Sunday Aug. 23

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Thursday, July 8

Spot market natural gas prices for Wednesday, May 5

Spot market natural gas prices for Monday, May 3

Spot market natural gas prices for Tuesday, April 27

Spot market natural gas prices for Friday, July 16

Algerian LNG vessel arrives in Turkey

Algerian LNG vessel to arrive in Turkey on July 9

Spot market natural gas prices for Thursday, July 1

Oil prices up by over 2% for week ending April 2

Indonesia's Balongan refinery rocked by massive blast

ExxonMobil makes first discovery offshore Suriname

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

Oil prices down after rise in US oil inventories

US oil rig count rises by 2 for week ending Jan. 22

ExxonMobil makes first discovery offshore Suriname

US oil rig count rises by four for week ending Oct. 9

Aramco, SABIC to realign petchems & fuel product sales

Turkey, TRNC ink oil, electricity cooperation protocols

Oil prices rally over demand recovery optimism

Oil prices up by over 2% for week ending April 2

Lebanon inks deal to import 1 million tons of fuel from Iraq

Israel bans entry of fuel for Gaza power plant

Dutch fuels bound for Africa contain harmful substances, inspectors warn

Turkey's energy import bill up 20.8% in March 2021

Need for skilled workforce for Turkey's rapidly growing wind sector

Gap between clean energy targets and actions grows alarmingly

Study finds world's solar, wind potential 50 times more than energy demand

EC approves €22.5 billion Polish scheme for offshore wind farms

Solar Age Program to empower Syrian women in Turkey

Turkey's latest solar tender to generate 6 billion Turkish liras of investment

Gap between clean energy targets and actions grows alarmingly

Turkey finalizes first phase of Turkey's biggest solar power plant

Global hydropower growth set to slow significantly putting climate goals at risk

Hydro provides majority of Norway's power in March

BP plans UK’s largest hydrogen project

Hydro provides most of Norway's power in February

Geothermal and hydropower need more attention: IEA head

Europe needs to build more wind farms for climate goals

Turkey in top 4 countries with geothermal capacity

Biomass can meet one-third of Turkey's annual power

Turkey unveils Economic Reform Action Plan

BP plans UK’s largest hydrogen project

US warns entities to abandon Nord Stream 2 gas pipeline

Turkey announces landmark new economic reform package

Shovel-ready renewable projects in Turkey to create 110,000 new jobs

EBRD announces full Paris Agreement alignment by end of 2022

LNG sector faces delays to 26 export terminal projects globally

Southeast Europe 2030 roadmap will back economic growth target: Turkey

Spot market natural gas prices for Friday, July 16

Turkey's daily power consumption up 2.97% on July 16

US oil rig count up by 2 for week ending July 16

Spot market natural gas prices for Sunday, July 11

Oil up on US inventory fall, UK vaccine approval

Fitch reduces oil price forecast due to higher supply

S. Arabia, Iraq discuss efforts to stabilize oil market

US crude oil inventories fall for week ending Aug. 14

Spot market electricity prices for Friday, Dec. 4

24/7 power with Turkey’s new mobile monitoring system

Turkey's daily power consumption up 3.28% on Sept. 8

Sudan: Flashpoint Ethiopian dam not related to floods