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Turkey's largest technology event Teknofest ends

- Festival did not accept visitors but was broadcast live online due to coronavirus outbreak

28.09.2020 Projects , Turkey

Chinese firms worried about stocks on US markets

- US Senate bill wants 'to kick deceitful Chinese companies off US exchanges', but those firms have other markets to go

26.09.2020 Finance , Asia , Americas

Global steel production rises slightly in August

- World crude steel production hits 156.2M tons this August while Turkey sees 22.9% year-on-year rise in monthly figure

25.09.2020 Finance , General

New US relief bill talks to restart: Treasury chief

- Fed chair warns lack of congressional support would risk economic recovery

25.09.2020 Finance , Americas , General

US needs $900B annually to restore pre-COVID debt: CBO

- Return to pre-pandemic debt levels to require revenue increases, spending cuts totaling $900 billion per year for 25 years

23.09.2020 Finance , Americas

Turkey: Consumer confidence index up in September

- Consumer confidence index reaches 82 this month, up from 79.4 last month, official data shows

23.09.2020 Finance , Turkey

US Fed Chair: Path ahead ‘highly uncertain’ for economy

- Employment, overall economic activity remain well below pre-pandemic levels, central bank head says

23.09.2020 Finance , Americas

Turkey: Transport sector an economic driver amid virus

- Highway investments alone contributed more than $2.4B to Turkey's GDP this March to August, says transport minister

23.09.2020 Finance , Turkey

'Deal to liberalize trade would boost Turkish-US ties'

- Turkey strongly encourages innovative, R&D-intensive, high value-added products, service investments, says trade minister

23.09.2020 Finance , Turkey

Strong recovery expected in 3Q: US Treasury chief

- Around 24% GDP growth projected in July-September period

23.09.2020 Finance , Americas

Moody's downgrades Turkish Petroleum Refineries' rating

- Decision follows weakening of Turkish government's credit profile with downgrade of government bonds from B2 to B1

19.09.2020 Finance , International Organization , World

Turkey's daily power consumption up 2.14% on Sept. 15

- Electricity exports amount to 7,222 megawatt-hours while imports reach 354 megawatt-hours

16.09.2020 Electricity , Thermal , Stock Market , Turkey

US trade tariffs on China 'inconsistent' with WTO rules

- WTO says US tariffs on Chinese imports in 2018 were inconsistent with organization's rules

16.09.2020 Stock Market , Energy Diplomacy , Energy Security , Energy Projects , Asia , Americas

Tension in Eastern Mediterranean in 5 questions

- Despite Turkey's repeated calls for dialogue towards fair solution, Greece continues to take steps to drive up tension

16.09.2020 Natural Gas , Finance , Energy Diplomacy , Energy Security , International Organization , Energy Projects , Turkey , Europe

Spot market electricity prices for Saturday, Sept. 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 159.07 million Turkish liras

12.09.2020 Electricity , Thermal , Stock Market , Turkey

Spot market natural gas prices for Thursday, Sept. 10

- 1,000 cubic meters of natural gas on spot market costs 1,325 Turkish liras

12.09.2020 Natural Gas , Stock Market , Turkey

French oil firm displaces 12,000 in Uganda, Tanzania

- ‘There is need to assist the people with land where the pipelines are going to be constructed,’ says human rights group

11.09.2020 Oil , Projects , International Organization , Energy Projects , Middle East-Africa

Spot market natural gas prices for Wednesday, Sept. 9

- 1,000 cubic meters of natural gas on spot market costs 1,323 Turkish liras

10.09.2020 Natural Gas , Finance , Turkey

Spot market electricity prices for Friday, Sept. 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 171.73 million Turkish liras

10.09.2020 Electricity , Finance , Turkey

Turkey's gas find could save up to $21B in import costs

- Actual savings could even be more as global gas prices and import costs are expected to rise in coming years: Rystad Energy

11.09.2020 Natural Gas , Finance , Invesments , Turkey

EIA revises up Brent oil forecast by $0.48 for 2020

- International benchmark expected to average $41.90 per barrel this year

11.09.2020 Oil , Finance , Americas

Turkey's daily power consumption down 0.18% on Sept. 9

- Electricity exports amount to 4,501 megawatt-hours while imports reach 572 megawatt-hours

10.09.2020 Electricity , Finance , Turkey

Haftar still obstacle to reach deal in Libya: Expert

- Talks in Morocco underway between Libyan rivals

10.09.2020 Finance , Energy Diplomacy , Middle East-Africa

Spot market natural gas prices for Tuesday, Sept. 8

- 1,000 cubic meters of natural gas on spot market costs 1,314 Turkish liras

09.09.2020 Natural Gas , Stock Market , Turkey

European bank loans Turkish lender to back businesses

- New financing of $54M to support Turkey's private sector in pandemic

08.09.2020 Finance , World , Europe

EU economy narrows 11.4% in 2nd quarter

- Europe's economy posts sharpest contraction since 1995 in 2nd quarter of this year

08.09.2020 Finance , Europe

Global GDP to fall by 4.4%, not 4.6%, in 2020: Fitch

- Ratings agency revises global economy growth target by 0.2 percentage point

08.09.2020 Finance , World

Turkish Treasury sees $5.7B cash surplus in August

- Treasury's cash revenues last month totaled $15.3B, up 10.5% year-on-year

08.09.2020 Finance , Turkey

Turkey's Naturel Enerji to develop solar plant in Italy

- Total contract value is €12 million including VAT for project considered one of important solar plants in Italy and Europe

09.09.2020 Projects , Turkey , Europe

Turkish Treasury sees $4.1B cash deficit in August

- Treasury's cash revenues last month totaled $15.3B, up 10.5% year-on-year

08.09.2020 Finance , Turkey

Spot market electricity prices for Monday, Sept. 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 211.44 million Turkish liras

06.09.2020 Electricity , Finance

Turkey's daily power consumption down 6.18 % on Sept. 5

- Electricity exports amount to 10,922 megawatt-hours while imports reach 7,779 megawatt-hours

07.09.2020 Electricity , Finance , Turkey

Serbia, Kosovo agree to economic normalization, US says

- White House hails development as 'another historic agreement reached by' US President Donald Trump

06.09.2020 Finance , Europe , General

G20 sees biggest fall in global trade since 2009 crisis

- Among G20 economies, only China posted export increase with 9.1% in second quarter of 2020, quarter-on-quarter

28.08.2020 Finance , World

China, US agree to push forward phase-1 of trade deal

- Two sides conduct ‘constructive dialogue' on implementation of the China-US phase-1 trade agreement

25.08.2020 Finance , Asia , Americas , General

Solar, wind on path to replace global coal generation

- Countries are on same path building wind turbines and solar panels to replace electricity from coal, EMBER stated

26.08.2020 Finance , Coal , Wind , Solar , Renewable

Facebook to pay back taxes to French government

- Following audit, sizable payment of $125M includes penalties over span of 9 years, says company

25.08.2020 Finance , Energy Diplomacy , General

Turkey’s giant gas find worth $80 billion: IEA Head

- Around $6 billion investment is necessary to start production from field, IEA Executive Director says

25.08.2020 Natural Gas , Downstream , Projects , Turkey

Spot market electricity prices for Monday, Aug. 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 170 million Turkish liras

24.08.2020 Electricity , Finance , Turkey

Spot market natural gas prices for Saturday, Aug. 22

- 1,000 cubic meters of natural gas on spot market costs 1,306 Turkish liras

23.08.2020 Natural Gas , Finance , Turkey

Turkey's daily power consumption down 5.09% on Aug. 22

- Turkey's electricity exports amount to 3,425 megawatt-hours, while imports reach 3,480 megawatt-hours

24.08.2020 Electricity , Finance , Turkey

Spot market electricity prices for Friday, Aug. 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 167.62 million Turkish liras

20.08.2020 Electricity , Finance

Spot market natural gas prices for Wednesday, Aug. 19

- 1,000 cubic meters of natural gas on spot market costs 1,310 Turkish liras

20.08.2020 Electricity , Finance

Turkey's 1st solar cell integrated plant starts ops.

- Factory will help eliminate nearly $100 million of solar panel imports per year, energy minister Donmez says

20.08.2020 Solar , Invesments , Turkey

Renewable-focused 'BEST for Energy' kickstarts in Izmir

- Project aims to support clustering efforts and promote cooperation in renewable energy in Izmir, project team leader says

19.08.2020 Renewable , Projects , Turkey

3M British jobs at risk if govt ends support scheme

- Official data last week said UK economy shrank 20.4%, plunging Britain into deepest recession of any G7 nation

17.08.2020 Finance , Europe

Spot market electricity prices for Monday, August 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 162 million Turkish liras

16.08.2020 Electricity , Finance , Turkey

Offshore wind sector to create nearly 1M jobs in 5 years

- Total of 17.3 direct jobs are created per megawatts of generation over 25-year lifetime of an offshore project, GWEC says

17.08.2020 Wind , Projects , Invesments , Americas

Turkey's daily power consumption down 5.36% on August 15

- Turkey's electricity exports amount to 4,811 megawatt-hours, while imports reach 4,137 megawatt-hours

16.08.2020 Electricity , Finance , Turkey

Oil giants post $80B total loss in 1H20 due to virus

- Top 12 oil firms also see total revenue decline by $240 billion, or 37%, in first half of 2020

16.08.2020 Oil , Finance , General

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

15.08.2020 Upstream , Invesments , Eurasia

Global oil supply up in July 2020: Int. Energy Agency

- Global oil demand is expected to be 91.9 million barrel per day in 2020, down 8.1 million barrels per day year-on-year, IEA estimates

14.08.2020 Oil , Finance , Americas , Middle East-Africa

Trump says US economy better than Europe’s

- President touts America’s economic gains after Kamala Harris accused him of crashing economy

13.08.2020 Finance , Americas , General

Trump vows to cut payroll tax by year end if re-elected

- Pledge could undercut Social Security administration, which provides Americans with retirement, disability, other benefits

13.08.2020 Finance , Americas , General

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

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

13.08.2020 Upstream , Stock Market , International Organization , Americas

Denmark's Orsted reports strong EBITDA in 1H20

- Despite comprehensive health, social, and economic consequences of COVID-19, Orsted maintains stable operations and strong earnings during 2020

12.08.2020 Finance , Wind , General

Valeura's revenues, production down due to pandemic

- Company's Q2 production was 20% lower than Q2 2019, and 22% lower than Q1 2020

13.08.2020 Finance , Turkey , General

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 natural gas prices for Saturday, August 8

- 1,000 cubic meters of natural gas on spot market costs 1,414 Turkish liras

10.08.2020 Natural Gas , Finance , Turkey

Iran moves from oil to petrochemicals in export

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

10.08.2020 Refining/Petro Chemistry , Invesments , Middle East-Africa

Gas consumption up in 2019 amid low prices

- Low gas prices and hydrogen technologies important developments to follow, says IGU

08.08.2020 Natural Gas , Finance , General

Turkey lifts TRY transaction limits on foreign lenders

- Banking watchdog exempts foreign banks, except int'l development banks, from limits on access to lira-legged transactions

07.08.2020 Finance , Turkey , General

Turkish Central Bank halves open market liquidity limits

- Cutting liquidity limits offered to primary dealers so as to tighten liquidity conditions to back Turkish lira

07.08.2020 Finance , Turkey , General

Turkey's electricity market trade volume up 13% in July

- Trade volume in day-ahead spot electricity market for July exceeds 4.9 billion Turkish liras

07.08.2020 Electricity , Finance , Turkey

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

05.08.2020 Upstream , Invesments , Energy Security , Europe

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

Spot market natural gas prices for Sunday, August 2

- 1,000 cubic meters of natural gas on spot market costs 1,377 Turkish liras

04.08.2020 Natural Gas , Finance , Turkey , General

Oil prices down with rising coronavirus cases worldwide

- Number of oil rigs, indicator of short-term production in US, decreases by 1 to 180 for week ending July 31

04.08.2020 Oil , Finance , General

Turkey's energy import bill down 45% in June 2020

- Country's crude oil imports decrease by 21.9% in June 2020 compared to same month last year

30.07.2020 Oil , Stock Market , International Organization , Turkey

Turkish Central Bank posts $86.3B in June reserves

- Foreign currency reserves amount to $45.8B, gold reserves $39.1B, official data show

29.07.2020 Invesments , Turkey

European bank loans $47M to Turkish leasing company

- New funds to enable company to increase availability of funding to Turkish businesses for their crucial capital investments

29.07.2020 Projects

Turkey: Investment demand rises in H1 despite pandemic

- Turkish industry minister says country sees record high number of incentive certificate in June

29.07.2020 Invesments , Turkey

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

World Bank funds solar project to power 1.4M Ugandans

- Only one in 5 Ugandans living in rural areas have access to sufficient electricity

29.07.2020 Solar , Projects , Energy Projects , Middle East-Africa

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

29.07.2020 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

29.07.2020 Downstream , Stock Market , Energy Security , Americas

European Investment Bank to loan BOTAS $270M for TANAP

- BOTAS will repay loan debt over next 18 years of which the first five will be non-refundable

29.07.2020 Natural Gas , Finance , Turkey , Europe , General

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

28.07.2020 Downstream , Stock Market , International Relations , Asia , Americas

Governments should protect residents' data on digital platforms

- Social media, internet have great effects, but there should be criteria for ill-usage, expert says

27.07.2020 Projects , Energy Diplomacy , International Organization , World

Equinor reports huge fall in earnings for 2Q20

- Sharp fall in oil prices and low gas prices lead to weaker results for Equinor in second quarter of 2020

28.07.2020 Finance , Europe , General

Schlumberger posts net loss, revenue decline in 2nd qtr

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

25.07.2020 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

26.07.2020 Downstream , Stock Market , Energy Security , Americas

EU lawmakers call for amending EU budget deal

- European Parliament disapproves cuts in research, migration funds

24.07.2020 Finance , Europe

US weekly jobless claims rise to 1.4M amid virus surge

- Figure represents week-on-week increase of 109,000, says Labor Department

24.07.2020 Finance , Americas

Turkey, Spain agree to deepen economic, trade ties

- Tourism, healthcare key sectors for cooperation between Turkey and Spain, say top officials

24.07.2020 Finance , Projects , Turkey , Europe

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

Oil prices up as weak US dollar spurs higher demand

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

24.07.2020 Downstream , Stock Market , Energy Security , Americas

Oil ends rally with forecast rise in US crude stocks

- Crude prices soared by more than 2% on previous session with US dollar index hitting lowest level since March

23.07.2020 Downstream , Stock Market , Energy Security , Europe , 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

22.07.2020 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

21.07.2020 Upstream , Projects , Energy Projects , Americas , Middle East-Africa

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

21.07.2020 Downstream , Stock Market , Energy Security , Asia , Americas

Spot market electricity prices for Sunday, July 19

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 141.01 million Turkish liras

18.07.2020 Electricity , Finance , Turkey

Spot market natural gas prices for Friday, July 17

-1,000 cubic meters of natural gas in spot market costs 1,278 Turkish liras

18.07.2020 Natural Gas , Finance , Turkey

De-growth only solution to tackle climate change: Expert

- Restraining population growth, consumption per capita is way to tackle climate change, climate scientist tells Anadolu Agency

19.07.2020 Finance , Renewable , World

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

19.07.2020 Lng/Lpg , Invesments , International Relations , Turkey , Americas

Turkey's daily power consumption up 0.04% on July 17

- Turkey's electricity exports amount to 4,320 megawatt-hours, while imports reach 2,515 megawatt-hours

18.07.2020 Electricity , Finance , Turkey

Global oil prices see slight rise in w/e July 17

- New oil cut decision of OPEC and non-OPEC producers gives positive signal to global oil markets

18.07.2020 Oil , Finance , World

Turkish energy exchange net income up 12.3% in 2019

- EXIST's net income reaches 52.76 million Turkish liras in 2019

17.07.2020 Finance , Turkey

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

G20 commits $151B to fossil fuels in COVID-19 packages

- COVID-19 recovery packages aid fossil fuels over clean energy despite leaders' ambitious clean energy transition rhetoric

16.07.2020 Coal , Invesments

Hitachi to quit suspended Horizon nuclear plant in UK

Final stage begins for 1st reactor manuf. of Akkuyu NPP

South Korea among top nuclear power producers: EIA

Standoff ends, Iran gives IAEA access to 2 nuke sites

Spot market electricity prices for Tuesday, Sept. 22

Turkey's daily power consumption down 16.9% on Sept. 20

Trade volume of spot electricity mkt. hits record high

Turkey's daily power consumption up 2.14% on Sept. 15

GE to pursue exit from new-build coal power market

COVID-19 to have lasting effect on global energy use

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

'Air pollution kills 400,000 in Europe every year'

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 Sunday Aug. 23

Spot market natural gas prices for Monday, March 2

Spot market natural gas prices for Tuesday, Feb. 11

British LNG carrier arrives in Turkey

Dialogue, de-escalation in E.Med benefit everyone: NATO

Turkey’s giant gas find worth $80 billion: IEA Head

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

ANALYSIS - Unilateralist agreements endanger peace and stability in Eastern Mediterranean

Algerian LNG vessel to arrive in Turkey on Oct. 1

Turkey's LPG imports up 27.5% in July 2020

LNG can play vital role to reach US-Turkey trade target

Berlin offers 2 LNG terminals to stop US p/line sanctions

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

Oil prices flat with 0.04% rise in week ending August 14

Brent oil prices down amid global pandemic crisis

Global oil production increases in July 2020

Lundin upgrades Edvard Grieg field reserve estimates

Norway's Equinor discovers oil and gas in North Sea

Oil prices down with US crude stock buildup estimates

S. Arabia, Iraq discuss efforts to stabilize oil market

Iran moves from oil to petrochemicals in export

Oil prices up with estimated decline in US crude stocks

US crude oil stocks rise against market expectation

Halting oil production costs Libya more than $7B

Battery patents grow by 14% in 13 years: Study

Turkish start-up to produce lithium-ion battery cathode

US jet fuel demand falls by 29% in Jan-May 2020

BP, Neste to offer more sustainable aviation fuel

Renewable energy jobs reach 11.5 million worldwide

Siemens Energy makes debut on Frankfurt stock exchange

Equinor sells 50% US offshore wind to BP for $1.1 bln

Total, Macquarie to build offshore wind in S. Korea

Renewable energy jobs reach 11.5 million worldwide

Solar, wind on path to replace global coal generation

US shipments of solar PV modules rise as prices fall

Turkey's 1st solar cell integrated plant starts ops.

Renewable energy jobs reach 11.5 million worldwide

Hydro provides 92.9% of Norway's power in July

11 new major businesses join Hydrogen Council

Renewables topple fossil fuels in Europe in 1H20

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

EU approves €550M Danish aid to support biomass plants

ESCAP, IRENA to cooperate for sustainable solutions

Highlights of global energy market in 2019

Turkey's largest technology event Teknofest ends

French oil firm displaces 12,000 in Uganda, Tanzania

Turkey's Naturel Enerji to develop solar plant in Italy

Turkey’s giant gas find worth $80 billion: IEA Head

Turkey unveils new economic program for 2021-2023

Turkey's gas find could save up to $21B in import costs

Turkey's 1st solar cell integrated plant starts ops.

Offshore wind sector to create nearly 1M jobs in 5 years

Turkey's energy import bill down 34.5% in August 2020

Turkey unveils new economic program for 2021-2023

Siemens Energy makes debut on Frankfurt stock exchange

Turkey's daily power consumption up 2.14% on Sept. 15

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

Brent oil prices down amid global pandemic crisis

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

Sudan: Flashpoint Ethiopian dam not related to floods

Turkey's daily power consumption up 2.6% on August 18

Spot market electricity prices for Tuesday, August 11