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Oil prices post 1% gain for week ending July 16
- Decision of OPEC+ and demand fears lead fluctuations in oil price during week
23.07.2021
Oil
Spot market natural gas prices for Thursday, July 22
- 1,000 cubic meters of natural gas on spot market costs 2,088 Turkish liras
Turkey's daily power consumption up 2.6% on July 22
- Electricity exports amount to 14,902 megawatt-hours, while imports totaled 3,627 megawatt-hours
Oil steady over $70 despite worries amid spread of Delta variant
- US says COVID-19 cases rise particularly in unvaccinated parts of country
23.07.2021
Oil
Spot market natural gas prices for Wednesday, July 21
- 1,000 cubic meters of natural gas on spot market costs 2,059 Turkish liras
Spot market electricity prices for Friday, July 23
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 223.7 million Turkish liras
Turkey's daily power consumption up 3.3% on July 21
- Electricity exports amount to 15,381 megawatt-hours, while imports total 4,015 megawatt-hours
Oil prices down after rise in US oil inventories
- US commercial crude oil inventories which increase by 0.5% for the week ending July 16
22.07.2021
Downstream
US crude oil inventories rise 0.5% for week ending July 16
- Commercial crude oil stocks rise by 2.1 million barrels, marking first increase after 8 weeks
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Spot market electricity prices for Thursday, July 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 208.33 million Turkish liras
21.07.2021
Electricity
Turkey's daily power consumption down 13.6% on July 20
- Electricity exports amount to 14,397 megawatt-hours, while imports total 2,863 megawatt-hours
Oil prices fall slightly ahead of US stocks data
- Data on US oil inventories to be announced today by US Energy Information Administration
21.07.2021
Oil
OPEC's oil demand growth forecasts for 2021 remains unchanged
- Crude output rises mainly in Saudi Arabia but decreases in Iraq, OPEC says
15.07.2021
Oil
Spot market electricity prices for Friday, July 16
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 326.5 million Turkish liras
Spot market natural gas prices for Wednesday, July 14
- 1,000 cubic meters of natural gas on spot market costs 2,04 Turkish liras
Turkey's daily power consumption up 0.6% on July 14
- Electricity exports amount to 14,783 megawatt-hours, while imports total 3,075 megawatt-hours
Strong rebound in global electricity demand drives record coal-fired generation
- Global electricity demand is growing faster than renewables, driving strong increase in generation from fossil fuels
Oil down over potential agreement to increase supply
- US commercial crude oil inventories decrease by 1.8%, or 7.9 million barrels for week ending July 9
15.07.2021
Oil
Spot market electricity prices for Wednesday, July 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 330.47 million Turkish liras
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Spot market natural gas prices for Monday, July 12
- 1,000 cubic meters of natural gas on spot market costs 2,056 Turkish liras
Turkey's daily power consumption up 12.5% on July 12
- Electricity exports amount to 14,660 megawatt-hours, while imports total 1,721 megawatt-hours
TAP signs deal with Albania to deliver 1st gas exit point Fier
- Fier gas exit facility in country will be operated by Albanian government, statement from TAP says
Climate crisis battle urgently needs fair and inclusive finance policy
- A clear climate finance pathway will be crucial to have success at COP26 summit in November, experts says
Shovel-ready renewable projects in Turkey to create 110,000 new jobs
- Visible pipeline of renewable projects create an investment volume of $19.4 billion in country, a new report shows
Spot market electricity prices for Wednesday, July 7
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 332.78 million Turkish liras
06.07.2021
Electricity
Spot market natural gas prices for Monday, July 5
- 1,000 cubic meters of natural gas on spot market costs 2,070 Turkish liras
Turkey's daily power consumption down 13.9% on July 5
- Electricity exports amount to 17,329 megawatt-hours, while imports total 6,729 megawatt-hours
Global gas demand growth threatens net zero goals
- Revival of gas demand is at lower average rates but still too high to be compatible with net-zero targets over long term
EBRD announces full Paris Agreement alignment by end of 2022
- Low-carbon transition requires world economy to move in less than 30 years from 80% reliance on fossil fuels to net-zero model
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Five Asian countries plan 80% of new coal endangering climate targets
- Asian governments' plans for 600 coal plants could waste $150B despite renewables are already cheaper than running coal plants
Global hydropower growth set to slow significantly putting climate goals at risk
- Int. Energy Agency defines hydropower as "forgotten giant" of low-carbon electricity that is key in achieving climate goals
Turkey’s oil imports up 21% in April 2021
- Total domestic oil product sales decrease by 42% to 2.44 million tonnes in April this year
EBRD forecasts 5.5% growth in Turkish economy, 4.2% in emerging countries
- Bank revises up its forecast of 3.6% economic growth for its countries of operation in October 2020 as recovery gains pace
Turkey's gas imports up 79.4% in April 2021
-Total natural gas consumption in April shows 51.9% year-over-year growth, led by higher gas plant and household consumption
LNG sector faces delays to 26 export terminal projects globally
- Capacity of projects facing delays totals 265 million tonnes per annum
COP26 President visits Turkey to strengthen climate action cooperation
- 'As COP26 Presidency host, UK must listen to concerns and issues of all countries,' COP26 President Sharma says
Green hydrogen could be new player in Turkey’s exports to Europe
- Europe is driving force in creating create window of opportunity for potential export of Turkey's green hydrogen output
Gap between clean energy targets and actions grows alarmingly
- REN21's Executive Director Adib defines climate policy promises in past 10 years as "empty words"
G7 decisions short-sighted, insufficient to fight global crises: analysts
- Climate change and pandemic are crises that hit most vulnerable and need to be fought together, experts say
14.06.2021
Invesments
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Spot market natural gas prices for Saturday, June 12
- 1,000 cubic meters of natural gas on spot market costs 1,728 Turkish liras
13.06.2021
Natural Gas
Spot market electricity prices for Monday, June 14
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 202.4 million Turkish liras
Turkey's daily power consumption down 3.85% on June 12
- Electricity exports amount to 8,886 megawatt-hours, while imports total 7,906 megawatt-hours
World's experts call for tackling biodiversity and climate crises together
- Anthropogenic release of greenhouse gases has already led to global warming above 1°C relative to pre-industrial times
Study finds world's solar, wind potential 50 times more than energy demand
- Carbon emissions from existing projects are still far too high to stay on course towards meeting 1.5ºC,report says
Iran ships tankers containing 1.4 million barrels of crude oil to Syria
- 'Tankers have been instructed to wait for proof of payment first before completing delivery,' Tanker Trackers said
Turkey to open 'Black Sea Gas Contract' for future trade by Oct. 1
- Black Sea gas will help reduce Turkey's natural gas costs even before production, head of Turkey's EMRA says
Over $1T for clean power in emerging economies needed annually to achieve net zero
- IEA warns energy-related CO2 emissions in emerging economies to grow by 5 bln. tonnes in 20 years without stronger action
Spot market electricity prices for Wednesday, June 9
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 202.5 million Turkish liras
08.06.2021
Electricity
Spot market natural gas prices for Monday, June 7
- 1,000 cubic meters of natural gas on spot market costs 1,778 Turkish liras
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Turkey's daily power consumption down 15.2% on June 7
- Electricity exports amount to 8,032 megawatt-hours, while imports total 6,523 megawatt-hours
08.06.2021
Electricity
Turkey's gas discoveries in Black Sea could cut annual import bill by $6B
- Total amount of discoveries in Black Sea reach 540 billion cubic meters with new find in Amasra-1 well
Asia drives LNG demand, Africa shows potential as key export region
- African countries have a total of 103.9 million ton per annum liquification capacity
EBRD and Green Climate Fund to boost climate action with new $1B program
- Financing will promote the uptake of low-carbon technologies in the industrial sector, statement from EBRD says
02.06.2021
Invesments
Russia, Pakistan agree to build Pakistan Stream gas pipeline
- Project plans to have 12.4 billion cubic meters of natural gas capacity annually
Turkey's gas imports up 47.8% in March 2021
-Total natural gas consumption in March shows 42.3% year-over-year growth, led by higher gas plant and household consumption
Spot market electricity prices for Thursday, May 27
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 213.8 million Turkish liras
Spot market natural gas prices for Tuesday, May 25
- 1,000 cubic meters of natural gas on spot market costs 1,732 Turkish liras
Turkey ranks as 7th biggest gas-consuming country globally in 2020
- Turkey's natural gas consumption up year-on-year by 6.5% in 2020 driven by higher household and combined gas plant usage
Turkey's daily power consumption up 3.8% on May 25
- Electricity exports amount to 11,331 megawatt-hours, while imports total 7,472 megawatt-hours
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Small no. of countries responsible for Europe’s air pollution from coal plants
- With pollutants travelling thousands of kilometers, air pollution from coal power is problem for all of Europe, Ember says
Spot market electricity prices for Wednesday, May 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 205.8 million Turkish liras
18.05.2021
Electricity
Spot market natural gas prices for Monday, May 17
- 1,000 cubic meters of natural gas on spot market costs 1,751 Turkish liras
18.05.2021
Natural Gas
Turkey's daily power consumption up 19.9% on May 17
- Electricity exports amount to 8,159 megawatt-hours, while imports total 2,919 megawatt-hours
Sustainable finance reaches record high in Q1, sets for further growth
- Changing policy and regulatory landscape to create a low-carbon economy drive surge in sustainable financing
Turkey's Karpowership could halt power supply to Lebanon over dispute
- Company Karpowership meets around 25% of Lebanon's electricity needs through two power units
12.05.2021
Electricity
Record renewable capacity gains in 2020 set to be 'new normal'
- Global renewable capacity expansion is expected to be around 270 gigawatts this year and 280 gigawatts in 2022, data shows
UK Climate Envoy says Paris ratification will require no new financial contribution from Turkey
- As COP26 president UK would welcome Turkish steps to ratify Paris Agreement, UK Climate envoy says
Turkey aims to have quarter of inner-city commutes by bicycle
- Bicycles represent 2% of transportation systems as bicycle roads need to be further integrated with public transportation
Spot market natural gas prices for Thursday, May 6
- 1,000 cubic meters of natural gas on spot market costs 1,736 Turkish liras
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Wind takes lion's share in Turkey's new electricity investments
- Almost 97.5% of newly-added power generation capacity comes from renewables, data shows
Turkey's daily power consumption up 0.19% on May 6
- Electricity exports amount to 12,365 megawatt-hours, while imports total 6,511 megawatt-hours
Methane reduction steps could prevent 255,000 premature deaths per year
- Man-made methane emissions are up to 80 times more potent than carbon dioxide emissions at warming climate, study says
Climate pledges to cut global warming rise are not enough
- Progress needed as most governments do not yet have policies in place to meet their pledges, says CEO of Climate Analytics
06.05.2021
Renewable
Iran controls Syria's strategic assets in return for oil support
- Iran has shipped around 5 million barrels of crude oil to Syria last month, data shows
Green transition could boost record high copper demand
- Green copper demand is expected to account for 16% of global copper demand by 2030, Goldman Sachs forecasts
Iran ships another 1.5M barrels of crude oil to Syria
- Last month, around 3 million barrels of Iranian crude oil had been sent to Bashar al-Assad's regions
Spot market electricity prices for Sunday, May 2
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 177.7 million Turkish liras
Spot market natural gas prices for Friday, April 30
- 1,000 cubic meters of natural gas on spot market costs 1,693 Turkish liras
Turkey's daily power consumption down 2.2% on April 30
- Electricity exports amount to 9,370 megawatt-hours, while imports total 3,417 megawatt-hours
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US oil rig count down by 1 for week ending April 30
- Number of US oil rigs rise by 17 compared to one year ago
Spot market natural gas prices for Thursday, April 29
- 1,000 cubic meters of natural gas on spot market costs 1,691 Turkish liras
Spot market electricity prices for Saturday, May 1
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 173.6 million Turkish liras
Turkey's daily power consumption down 1% on April 29
- Electricity exports amount to 12,242 megawatt-hours, while imports total 6,303 megawatt-hours
Turkey paves way for energy storage grid integration
- Electricity storage facilities will allow for more reliable and flexible power system, Turkey's top official says
Turkey's oil imports down 18.5% in February 2021
- Total domestic oil product sales decrease by 5.2% to 1.99 million tonnes in February this year
Turkey's gas imports up 14% in February 2021
- Total natural gas consumption in February shows 2.3% year-over-year growth, led by higher consumption in gas plants
Solar, wind can meet world energy demand 100 times over
- Renewables could power world by 2050 as prices collapse and replace all fossil fuels, a new report reveals
US aims to reduce emissions by up to 52% by 2030
- Creating "millions of good-paying and middle-class jobs" while cutting emissions is at center of Biden's climate policy
22.04.2021
Americas
UK sets new target of 78% emissions reduction by 2035
- Before enshrining its new commitment in law, UK had target of reducing emissions by 80% by 2050
21.04.2021
Renewable
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Asia to drive LNG demand with US leading supply growth
- Global natural gas demand is expected to rise by 3.2% in 2021 by offsetting last year's losses due to pandemic
Cost of financing renewables shows significant fall
- In contrast to renewables, cost of financing coal power stations increases 56% over same 10-year period
Spot market electricity prices for Monday, April 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 178.99 million Turkish liras
Spot market natural gas prices for Saturday, April 17
- 1,000 cubic meters of natural gas on spot market costs 1,625 Turkish liras
Turkey's daily power consumption down 4.95% on April 17
- Electricity exports amount to 663 megawatt-hours, while imports total 9,504 megawatt-hours
Iran backs Assad regime by shipping 3M barrels of oil
- Shipment of over 3 million barrels of oil is estimated to meet needs of regime-controlled areas suffering from fuel crisis
Spot market natural gas prices for Tuesday, April 6
- 1,000 cubic meters of natural gas on spot market costs 1,666 Turkish liras
Spot market electricity prices for Thursday, April 8
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 162.16 million Turkish liras
Turkey's daily power consumption up 0.85% on April 6
- Electricity exports amount to 8,583 megawatt-hours, while imports total 4,250 megawatt-hours