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      2020 sees big developments in Baltic Sea offshore wind

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      Siemens Energy to drive hydrogen economy in Middle East

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Number of US oil rigs rises by 3 to 800

- Crude prices slump over 4 percent on Friday

home > Finance, World, General 01.06.2019 11:21 Hale Türkeş

Number of US oil rigs rises by 3 to 800

The number of oil rigs in the U.S. increased to 800 in the week ending May 31, up by 3 over the previous week, according to data released by oilfield services company Baker Hughes on Friday.

The rise in weekly oil rig count, together with U.S. President Donald Trump's threats on Thursday to impose a 5 percent tariff on Mexican imports starting on June 10, pushed oil prices further down. International benchmark Brent crude closed Friday at $62.75 per barrel, marking a 4.86 percent fall over Thursday's closing price of $65.96.

American benchmark West Texas Intermediate was also down on Friday, closing at $53.24 a barrel versus $56.31 on the previous day.

Trump also threatened to increase the tariffs on all Mexican imports by another 5 percent each month for three months, up to 25 percent "unless and until Mexico substantially stops the illegal inflow of aliens coming through its territory".

By Hale Turkes

Anadolu Agency

energy@aa.com.tr



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14.12.2020 Electricity , Finance , Turkey , General

Spot market electricity prices for Sunday, Dec. 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 136.5 million Turkish liras
12.12.2020 Electricity , Finance , Turkey , General

Spot market natural gas prices for Friday, Dec. 11

- 1,000 cubic meters of natural gas on spot market costs 1,321 Turkish liras
13.12.2020 Natural Gas , Finance , Turkey , General

Turkey's daily power consumption down 0.03% on Dec. 11

- Electricity exports amount to 11,615 megawatt-hours, while imports total 729 megawatt-hours
13.12.2020 Electricity , Finance , Turkey , General

US oil rig count rises by 12 for week ending Dec. 11

- US sees drop of 409 oil rigs from one year ago
14.12.2020 Oil , Finance , General

Support mechanism key to Turkey’s renewables growth

- Renewable energy capacity additions this year to date set record high with over 4,200 megawatts
12.12.2020 Renewable , Invesments

2020 global passenger traffic to fall 64.2%: Report

- Airport industry to see fall of more than 6 billion passengers by end of 2020, says Airports Council International
09.12.2020 Finance , General

Turkey's access to int'l funds boosts trust in country

- Turkish lenders provide $7B financing from international financial institutions during normalization period
09.12.2020 Finance , Turkey , General

Spot market electricity prices for Monday, Dec. 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 160.63 million Turkish liras
07.12.2020 Electricity , Finance , Turkey

Spot market natural gas prices for Saturday, Dec. 5

- 1,000 cubic meters of natural gas on spot market costs 1,318 Turkish liras
07.12.2020 Natural Gas , Finance , Turkey , General

Turkey's daily power consumption down 7.12% on Dec. 5

- Electricity exports amount to 13,164 megawatt-hours, while imports total 2,840 megawatt-hours
07.12.2020 Electricity , Finance , Turkey , General

Spot market natural gas prices for Wednesday, Dec. 2

- 1,000 cubic meters of natural gas on spot market costs 1,326 Turkish liras
03.12.2020 Natural Gas , Finance , Turkey , General

Spot market electricity prices for Friday, Dec. 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 167.28 million Turkish liras
03.12.2020 Finance , Electricity , Turkey , General

COVID-19 pandemic deepens energy efficiency slowdown

- Energy efficiency’s weakest progress in decade threatens international climate goals, according to IEA report
03.12.2020 Finance , Renewable , International Organization , Energy Projects , World

Turkey's daily power consumption down 0.64% on Dec. 2

- Electricity exports amount to 9,439 megawatt-hours, while imports total 634 megawatt-hours
03.12.2020 Electricity , Finance , Turkey , General

Spot market natural gas prices for Friday, Nov. 27

- 1,000 cubic meters of natural gas on spot market costs 1,333 Turkish liras
28.11.2020 Natural Gas , Finance , Turkey , General

Spot market electricity prices for Sunday, Nov. 29

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 144.83 million Turkish liras
29.11.2020 Electricity , Finance , Turkey , General

Turkey's daily power consumption down 1.9% on Nov. 27

- Electricity exports amount to 15,016 megawatt-hours, while imports total 457 megawatt-hours
28.11.2020 Electricity , Finance , Turkey

US oil rig count rises by 10 for week ending Nov. 27

- US sees drop of 427 oil rigs from one year ago
29.11.2020 Oil , Finance , Americas

Oil prices mixed over OPEC output cut uncertainty

- Mixed signals from OPEC+ on extension of output cuts push oil prices down from eight-month-lows
27.11.2020 Oil , Finance , World

'Very positive' market reaction due to Turkish reforms

- Turkey can take advantage of global supply chain shift thanks to its geographical location, says leading economist
25.11.2020 Finance , Turkey

Spot market electricity prices for Sunday, Nov. 22

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 136.2 million Turkish liras
21.11.2020 Electricity , Finance , Turkey

Spot market natural gas prices for Friday, Nov. 20

- 1,000 cubic meters of natural gas on spot market costs 1,329 Turkish liras
21.11.2020 Natural Gas , Finance , Turkey , General

Turkey to continue exploration in E.Med until Nov. 29

- Oruc Reis research vessel to conduct seismic studies in Eastern Mediterranean for 9 days
23.11.2020 Finance , Energy Diplomacy , Energy Security , Turkey

Turkey's daily power consumption up 0.85 % on Nov. 20

- Electricity exports amount to 9,433 megawatt-hours, while imports total 100 megawatt-hours
22.11.2020 Electricity , Finance , Turkey , General

US oil rig count falls by 5 for week ending Nov. 20

- US sees drop of 440 oil rigs from one year ago
22.11.2020 Oil , Finance , Americas , General

Turkey to improve investment climate via structural reforms

- Turkish economy to expand by 0.3% in 2020, says country's treasury and finance minister
18.11.2020 Finance , Invesments , Turkey

European bank to deploy supply-chain finance in Turkey

- Supply-chain finance can provide lower financing cost, improve business efficiency, says EBRD director in Turkey
18.11.2020 Finance , Invesments , Turkey , Europe

Stocks of energy firms on rise over vaccine hopes

- Shares of oil giants, including Chevron, ExxonMobil and Equinor, rise by at least 5%
18.11.2020 Oil , Stock Market , News from companies , World , Americas

Falck Renewables, Eni to build solar plant in Virginia

- The 30 MW solar plant will provide carbon-free solar energy and avoid over 33,000 tons of CO2 per year
18.11.2020 Finance , Solar , Americas

Spot market natural gas prices for Sunday, Nov. 15

- 1,000 cubic meters of natural gas on spot market costs 1,360 Turkish liras
17.11.2020 Natural Gas , Finance , Turkey , General

Spot market electricity prices for Monday, Nov. 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 173.83 million Turkish liras
16.11.2020 Electricity , Finance , Turkey

Turkey's daily power consumption down 1.7% on Nov. 14

- Electricity exports amount to 12,888 megawatt-hours while imports total 299 megawatt-hours
16.11.2020 Electricity , Finance , General

Russia's Rosneft reports 64 billion ruble loss in 3Q20

- Negative impact of market fluctuations due to COVID-19 was responsible for company's loss, says Rosneft
14.11.2020 Oil , Finance , Eurasia

Two-degree pathway could hugely reduce gas investments

-Wood Mac. advises sustainability investments, competitiveness boosting and embracing new capital sources to reduce emissions
13.11.2020 Natural Gas , Finance , Renewable

Finance sector needs to blacklist 935 coal companies

- Ending coal finance and expansion of coal power is critical to tackle climate change, a new study says
13.11.2020 Finance , Coal , World

Turkish business circles welcome new economic plans

- Business groups hail President Erdogan's announcement of 'new era' in economy, predict rapid rise in confidence in lira
12.11.2020 Finance , Turkey
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