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US crude oil inventories up 0.4% for week ending Nov. 24

- Inventories increase by around 1.6 million barrels to 449.7 million barrels, compared to American Petroleum Institute's expectation of 817,000-barrel drop

30.11.2023 Oil

Oil prices mixed as investors bet on OPEC+ output cuts, helped by weak US dollar

- Outages in exports from Kazakhstan due to ongoing storms in Black Sea trigger fears of supply disruptions, underpinning higher prices

29.11.2023 Oil , Finance , Stock Market

Türkiye's oil imports up 0.31% in September 2023

- Crude oil imports drop in September drop by 0.76% to 2.96 million tons, latest data shows

29.11.2023 Oil

Oil up ahead of postponed OPEC+ meeting on supply future

- OPEC+ members meeting scheduled for Nov. 26 to discuss output quotas for 2024 is now postponed to Nov. 30

29.11.2023 Oil

Oil drops as uncertainty over OPEC+ output blurs supply expectations

- Group is scheduled to convene on Thursday when member countries will determine their next output policy

28.11.2023 Oil , International Organization

US oil rig count unchanged for week ending Nov. 24

- Number of US oil rigs fall by 127 compared to one year ago

27.11.2023 Oil , Downstream

Oil up over 1% during week ending Nov. 24 on positive demand expectations

- OPEC+ group postpones meeting from Sunday to Thursday causing drop in oil prices for second half of week

27.11.2023 Oil

Oil prices mixed as OPEC+ disputes cast doubt on 2024 supply

-Delayed oil flow via pipeline that transports Iraqi crude from Kirkuk to Ceyhan port on Turkish Mediterranean coast supports upward price movements

24.11.2023 Oil , Finance

Oil down with weak US demand, delay in OPEC+ meeting

- US crude oil inventories increase by around 8.7 million barrels, compared to American Petroleum Institute's expectation of around 9 million-barrel rise

24.11.2023 Oil

US crude oil inventories up 2% for week ending Nov. 17

- Inventories increase by around 8.7 million barrels to 448.1 million barrels, compared to American Petroleum Institute's expectation of 9 million-barrel rise

23.11.2023 Oil

Russia to spend over $11 billion to upgrade refineries by 2028

- Country's deputy premier says new capacities will boost gasoline and diesel production by 4 million tons and by 30 million tons per year, respectively

24.11.2023 Oil , Refining/Petro Chemistry

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

- Producers of 23-member OPEC+ group, led by Saudi Arabia and Russia, will convene on Sunday in Vienna to review market conditions and production policy for next year

27.11.2023 Oil

Oil prices slightly fall over clashing demand, supply woes

- Estimates of hefty build in US crude oil stocks put downward pressure on prices

23.11.2023 Oil , International Organization , World , Middle East-Africa

Oil down over market uncertainty on OPEC+ supply

- Experts says price downtrend may signal further output cuts, which will put upward pressure on prices

22.11.2023 Oil , World

Russia's oil and gas production to reduce this year

- Oil is projected to fall year over year by 8 million tons to 527 million tons and natural gas by 30 billion cubic meters

22.11.2023 Natural Gas , Oil

Shell announces gas discovery in northeastern Egypt

- Primary data confirms existence of a gas-bearing deposit in offshore Nile Delta

22.11.2023 Oil

Saudi Arabia makes two significant gas discoveries

- Discoveries at Al-Hiran and Al-Mahakik fields support Aramco's strategy to increase gas production by more than half, over 2021 levels, through 2030

21.11.2023 Oil , World , Middle East-Africa

Oil prices rise over expectation for fresh OPEC+ output cuts

- Last week prices fall 4% over easing supply jitters due to market confidence that Israel-Palestine conflict will not impact oil trading routes

22.11.2023 Oil , Finance

US oil rig count down for week ending Nov. 17

- Number of US oil rigs fall by 123 compared to one year ago

21.11.2023 Oil , Americas

Oil down around 4% during week ending Nov. 17 on demand fears

- Recession fears in world's largest oil consumers, US and China, negatively impact global oil demand

19.11.2023 Oil , World

Oil prices rally after falling over 4.5%

- Conflict between Israel and Palestine continues to support upward price movements

17.11.2023 Oil , World

Petrol Ofisi to buy BP's fuel operations in Türkiye

- Petrol Ofisi to expand its Turkish retail network by 770 stations to more than 2,700 sites upon regulatory approval

18.11.2023 Oil

Oil prices ease as demand worries in US, China persist

- Prices edge lower after US Energy Information Administration reports build in country’s crude oil stockpiles, signlaing demand weakness

16.11.2023 Oil , World

US crude oil inventories up 0.8% for week ending Nov. 10

- Inventories rise by around 3.6 million barrels to 439.4 million barrels, compared to American Petroleum Institute's expectation of 1.3 million-barrel rise

16.11.2023 Oil , World

Russian Urals crude trade exceeds EU price ceiling at $79.20 per barrel

- Russian Urals crude oil cannot be sold for more than $60 per barrel in accordance with EU and G7 restrictions

16.11.2023 Oil , World

Oil prices up following positive demand forecasts

-After OPEC and International Agency release market reports indicating demand increase with Chinese demand rebound, American Petroleum Institute also says US demand on rise

15.11.2023 Oil , World

OPINION - Oil production, trade of terrorist group PKK/YPG

- Oil is important source of income for PKK/YPG's so-called 'Autonomous Administration of Northern and Eastern Syria'

14.11.2023 Oil

Global oil production up more than 19% in October: Int. Energy Agency

- Oil supply is expected to average around 101.3 million barrels per day in last quarter of 2023

15.11.2023 Oil , World

Oil up boosted by producer positive demand outlook

- Israeli-Palestinian conflict is still factor in price increases

14.11.2023 Oil , World

OPEC's oil supply rises by 80,000 barrels per day in October

- Global oil production, however, remains largely unchanged at 100.6 million barrels per day, of which OPEC holds 27.6% share

14.11.2023 Oil , World

Oil prices sink due to bearish demand data and with easing of supply woes

- Oil prices abate as Iraq expects to soon reach deal on resuming oil production from Kurdish region

14.11.2023 Oil , World

Iraq to reach deal soon on resuming oil production from its Kurdish region: Minister

- Iraqi oil minister and KRG prime minister meet to discuss months-long suspension of oil exports

14.11.2023 Oil , Middle East-Africa

Oil down more than 4% during week ending Nov. 10 on growing demand fears

- Markets muse over oil trajectory amid demand fears in US and China, and supply risks from Middle East

11.11.2023 Oil , Türkiye

Oil up following Federal Reserve chair's comments on likelihood of rate hikes

- Israeli-Palestinian conflict's intensification continues to drive up oil prices

10.11.2023 Oil , World

Oil prices rally after falling below $80 per barrel

- Prices spike up following moderate investor profit-taking and increasing tension between Israel and Palestine

10.11.2023 Oil , World

Oil mixed as traders cash in on low prices over demand fears

- Concerns grow over waning demand in world's top oil consumers, US and China

09.11.2023 Oil , World

Oil prices down on Tuesday amid China's weak trade rates

- A stronger US dollar also eases downward oil price trajectory

08.11.2023 Oil

Oil prices up on Monday following Saudi Arabia, Russia voluntary oil cuts

- Oil price increases are also bolstered by expectations of end to US Federal Reserve's "hawkish" policies

07.11.2023 Oil , World

US oil rig count down for week ending Nov. 3

- Number of US oil rigs fall by 117 compared to one year ago

07.11.2023 Oil , Americas

Russia to further cut oil and fuel exports in November

- Country has already cut supplies of 300,000 barrels per day since September

07.11.2023 Oil , Asia

Oil prices down during week ending Nov. 3 on demand constraints

- While data triggers demand worries in US and China, concerns persist about whether Israel-Palestine conflict will deepen supply shortages

06.11.2023 Oil , Americas , Middle East-Africa

Oil prices up on Friday over weakening dollar after Fed decision to leave interest rates unchanged

- Israel's decision to rule out possibility of cease-fire for time being raises investor fears

04.11.2023 Oil , World

Oil prices rise following US Fed's avoidance of interest rate hike on Wednesday

- Ongoing conflict between Israel and Palestine sustains oil supply worries

02.11.2023 Oil , World

US crude oil inventories up 0.2% for week ending Oct. 27

- Inventories rise by around 800,000 barrels to 421.9 million barrels, compared to American Petroleum Institute's expectation of 1.3 million-barrel rise

02.11.2023 Oil

Oil prices up ahead of Fed meeting, ongoing Israel-Palestine conflict

- Israeli airstrikes Tuesday on the Jabalia refugee camp, deepened concerns that oil supply routes might be disrupted

02.11.2023 Oil , World

Oil prices up amid rising supply concerns

- Ongoing conflict between Israel and Palestine heightens concerns that clashes might escalate into regional turmoil, disrupting oil supply routes

02.11.2023 Oil , International Relations , Americas , Middle East-Africa

Oil prices down over demand worries before Fed meeting

- Escalating tensions between Israel and Palestine impacts prices

31.10.2023 Oil , World

Oil prices down during week ending Oct. 27 amid supply and demand fears

- While data triggered demand worries in US, world's largest oil consumer, concerns remain about whether Israel will launch ground operation in Gaza

30.10.2023 Oil , World

Oil prices up over supply deficit fears

- Ongoing conflict between Israel and Palestine generating fears of deepening supply deficit for remainder of year

27.10.2023 Oil , World

US crude oil inventories up 0.3% for week ending Oct. 20

- Inventories rise by around 1.4 million barrels to 421.1 million barrels, compared to American Petroleum Institute's expectation of 2.6 million-barrel draw

27.10.2023 Oil , Americas

Oil falls with US data signaling weak demand

- Concerns remain about oil supply, triggered by conflict between Israel and Palestine

27.10.2023 Oil , World

Oil down over slowdown in major European economies

- Efforts to put end to escalating tension between Israel and Palestine also push prices down

26.10.2023 Oil , Finance

Oil up with ongoing Israel-Palestine conflict, fear of supply disruptions

- Concerns remain about whether Israel will launch a ground operation in Gaza

24.10.2023 Oil , International Relations , Middle East-Africa

Oil down as diplomatic efforts mount to stop Israel-Palestine conflict

- US decision to partially ease sanctions on Venezuela's oil sector also alleviates supply concerns

24.10.2023 Oil , World

US oil rig count up for week ending Oct. 20

- Number of US oil rigs fall by 110 compared to one year ago

22.10.2023 Oil , World

Oil prices up during week ending Oct. 20 over supply concerns

- Oil prices increase more than 2% amid ongoing conflict in Middle East

21.10.2023 Oil , World

Oil prices rise over US decision to refill strategic petroleum reserves

- Ongoing conflict between Israel and Palestine is generating fears of deepening supply deficit for remainder of year

21.10.2023 Oil , World

Japan urges Saudi Arabia, oil-producing nations to increase supplies to stabilize global oil market

- Chief Cabinet Secretary Matsuno remarks come as fuel prices rise amid ongoing Israel-Hamas armed conflict, threatening its impact on global economy

25.10.2023 Oil

Russia boosts oil supply to China by 25% in 2023: Rosneft CEO

- Russian supplies to China are being transmitted securely via Eastern Siberia-Pacific Ocean pipeline, avoiding problematic transport through Strait of Hormuz or Suez Canal

20.10.2023 Oil , World , Eurasia

Oil down as Venezuela’s oil sanctions relief eases supply shortages

-Declining US crude stockpiles and China’s recovering economy provide support to price gains

20.10.2023 Oil , World

US crude oil inventories down 1.1% for week ending Oct. 13

- Inventories fall by around 4.5 million barrels to 419.7 million barrels, compared to American Petroleum Institute's expectation of 4.4 million-barrel draw

19.10.2023 Oil , World

US relieves sanctions on Venezuelan oil after election deal

- Sanctions relief comes after government, opposition agreement on 2024 Venezuelan presidential elections

19.10.2023 Oil , International Relations , Americas

Oil up over rising geopolitical risks in Middle East

- Estimated decline in US crude stockpiles also contributes to price upticks

19.10.2023 Oil , World

Oil marginally higher amid escalating conflict in Middle East

- Prices show limited rise with ongoing fighting between Israel and Hamas

18.10.2023 Oil , Americas , Middle East-Africa

Oil dips as markets watch impacts of Middle East tension

- Prices decline after posting steepest increases of last 26 weeks last week

18.10.2023 Oil , World

US oil rig count up for week ending Oct. 13

- Number of US oil rigs fall by 109 compared to one year ago

17.10.2023 Oil , Americas

Brent gains 6% during week ending Oct. 13 over intensified supply concerns

- Strong increase in US crude inventory signals drop in demand, alleviating concerns in market where supply shortfall is expected for rest of year

14.10.2023 Oil , World

Oil prices up over growing supply deficit fears

- Potential uptick in demand for 2023, raising supply concerns, supports upward price movements

13.10.2023 Oil , World

US crude oil inventories up 2.5% for week ending Oct. 6

- Inventories rise by around 10.2 million barrels to 424.2 million barrels, compared to American Petroleum Institute's expectation of 12.9 million-barrel rise

16.10.2023 Oil , Americas

OPEC's oil supply rises in September

- Global oil production, however, remains largely unchanged at 100.6 million barrels per day, of which OPEC holds 27.6% share

13.10.2023 Oil , World

US energy agency revises up Brent price forecast for 2023, 2024

- International benchmark Brent crude now estimated to average $84.09 per barrel in 2023 and $94.91 per barrel in 2024

12.10.2023 Oil , World

Oil prices up following Russian remarks on maintaining tight supplies

- However, estimates of hefty build in US crude oil stocks limits price upticks

13.10.2023 Oil , World

Global oil production up more than 26% in September: Int. Energy Agency

- Oil supply is expected to average around 101.3 million barrels per day in last quarter of 2023

13.10.2023 Oil , World

ExxonMobil to merge with Pioneer Natural Resources in $59.5 billion all-stock transaction

- Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share

12.10.2023 Oil , Finance , Americas

Oil rebounds as markets digest risks of Israel-Palestine conflict

- Investors are monitoring whether conflict in Middle Eastern will spill over to neighboring countries

12.10.2023 Oil , World

Oil drops as markets assess Iran's potential role in Israel-Palestine conflict

- Brent shows rise of around 5% on Monday over concerns that Iran's support for Hamas may jeopardize Iranian supply

11.10.2023 Oil , World

Oil prices spike following escalating conflict in Middle East

- Possibility of halt in Iran-US nuclear negotiations contributes to price rises as Iran announces support for Palestine

10.10.2023 Oil , World

Global oil demand to increase 10% by 2028, 16% by 2045: OPEC

- Oil to continue to have highest share of global energy mix by 2045, at 29.5%, despite slight drop in its share

10.10.2023 Oil , World

US oil rig count down for week ending Oct. 6

- Number of US oil rigs fall by 105 compared to one year ago

09.10.2023 Oil

Oil posts sharpest drop of last 7 months during week ending Oct. 6

-Rising industrial activity in China, world's largest oil importer, limits further price declines

09.10.2023 Oil , World

Oil rebounds after steepest monthly decline as markets await US data

- Both benchmarks have lost over 2% during previous trading session as data indicate oil consumption in the US decline with end of summer driving season

08.10.2023 Oil , World

Russia lifts ban on diesel exports, excludes gasoline

- Government also increases export duty on gasoline from 20,000 rubles to 50,000 rubles for sellers which are not producers

08.10.2023 Transportation/Fuel Oil , World

Oil claws back gains after losing 5% over US demand concerns

- Oil prices dip on Wednesday to lowest level since September last year after data shows weakening fuel demand during end of travel season in northern hemisphere

06.10.2023 Oil , World

US crude oil inventories down 0.5% for week ending Sept. 29

- Inventories fall by around 2.2 million barrels to 414.1 million barrels, compared to American Petroleum Institute's expectation of 4.2 million-barrel drop

06.10.2023 Oil , World

Russia, Saudi Arabia to review voluntary oil export cut decision in November

- Announcements come hours before OPEC group meeting to discuss news production policy

05.10.2023 Oil , World

Oil down as markets focus on US data signaling next Fed monetary decision

-Strong US dollar continues discouraging investors holding other currencies

05.10.2023 Oil , World

TotalEnergies faces lawsuit in France for 'damaging environment, climate' in Africa

- Environmental organizations file criminal complaint against French energy giant for fueling climate change through oil extraction activities in Uganda, Tanzania

05.10.2023 Oil , World , Europe

Oil down on strong US dollar as investors await OPEC meeting

- Türkiye's decision to resume oil supply through pipeline from Iraq to global markets alleviates supply concerns

04.10.2023 Oil , World

Russian Urals crude trade exceeds EU price ceiling at $83 per barrel

- Russian Urals crude oil cannot be sold for more than $60 per barrel in accordance with EU and G7 restrictions

05.10.2023 Oil

Russian Urals crude trade exceeds EU price ceiling at $83 per barrel

- Russian Urals crude oil cannot be sold for more than $60 per barrel in accordance with EU and G7 restrictions

04.10.2023 Oil

Oil flow via Iraq-Türkiye pipeline will resume this week: Turkish energy minister

- When pipeline restarts, around 500,000 barrels per day of oil will pump to global markets, says Alparslan Bayraktar

02.10.2023 Oil , World , Türkiye

Spot market electricity prices for Monday, Oct. 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to around 1.4 billion Turkish liras

02.10.2023 Oil , World

Oil up as investors await OPEC production decision

- Rebounding Chinese industrial activity also bolsters prices

02.10.2023 Oil , World

Türkiye's oil imports down 1.46% in July 2023

- Crude oil imports drop in July drop by 19.3% to 2.41 million tons, latest data shows

30.09.2023 Oil , Türkiye

US oil rig count down for week ending Sep. 29

- Number of US oil rigs fall by 102 compared to one year ago

02.10.2023 Oil , Americas

Brent oil up during week ending Sept. 29 amid tight supply

- Supply concerns triggered by cuts from world's biggest oil producers continue to push prices to their highest level this year

30.09.2023 Oil , Asia , Americas

Türkiye's energy import bill down 39% in August

- At $5.33 billion, energy accounts for 17.6% of overall import figures in Türkiye in August

29.09.2023 Natural Gas , Oil , Finance , Türkiye

Oil rises as global supply contracts, demand surges

- Prices climb higher as demand estimates rise in the world's two major oil consumers, US and China

29.09.2023 Oil , Asia , Americas

Russia says fuel export ban to continue until local market stabilizes

- 'The balance between producers and consumers must be ensured for the ban to be lifted,' energy minister says

29.09.2023 Transportation/Fuel Oil , World

Oil prices up with demand increase in US, tight global supply outlook

- Supply cuts in Saudi Arabia and Russia contribute to both benchmarks hovering around highest levels seen this year

28.09.2023 Oil , World

US crude oil inventories down 0.5% for week ending Sept. 22

- Inventories fall by around 2.2 million barrels to 416.3 million barrels, compared to American Petroleum Institute's expectation of 1.6 million-barrel rise

29.09.2023 Oil , Americas

Equinor, Ithaca Energy to progress Phase 1 of Rosebank field in UK

- Approximately 245 million barrels of oil could be supplied from Phase 1 of Rosebank development

28.09.2023 Oil , Europe

Oil prices up over supply fears

- Saudi Arabia and Russia's supply cuts until year end prop up price increases

28.09.2023 Oil , World

Oil down with interest rate hike fears triggering demand concerns

- US and European central banks hint at higher interest rates for longer

27.09.2023 Oil , World

Oil prices up over tight supply outlook

- Prospect of more stimulus measures in world's largest oil importer, China, underpins price increases

25.09.2023 Oil , World

Türkiye-Russia trade volume to exceed $65B in 2023

Uranium demand increases with greater trend towards nuclear energy

Türkiye plans over 20 gigawatts of nuclear capacity by end of 2050

Renewables and hydrogen highlighted for Türkiye-Japan cooperation: Japan's ambassador

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Türkiye's daily power consumption down 1.13% on April 13

Türkiye's daily power consumption up 0.19% on Nov. 9

Türkiye targets $5 billion wind energy investments by 2028

Fire at coal mine in Kazakhstan kills 28 people

Germany approves return of lignite power plants

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Spot market natural gas prices for Friday, Nov. 18

Spot market natural gas prices for Tuesday, Oct. 11

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 Sunday, Sept. 17

Spot market natural gas prices for Monday, July 17

Spot market natural gas prices for Saturday, June 17

Gazprom denies reports of takeover of Türkiye's national gas firm

Türkiye's LPG production up 2.7% in September

Algerian LNG vessel to arrive in Türkiye on Dec. 2

Russia's natural gas shipments to China to reach 100 billion cubic meters

Norwegian LNG vessel to arrive in Türkiye on Nov. 27

Oil down on market expectations of larger OPEC+ cuts

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Uganda unveils 1st oil production drilling rig in East Africa

US oil rig count unchanged for week ending Nov. 24

US oil rig count up for week ending Sep. 8

US oil rig count down for week ending August 4

US crude oil inventories fall by 0.2% for week ending July 14

Russia to spend over $11 billion to upgrade refineries by 2028

Aramco, TotalEnergies to jointly build petrochemicals complex for $11 billion

Oil up with increased demand projections ahead of summer season

Oil increases over US strategic reserve replenishment plan

Russia lifts ban on diesel exports, excludes gasoline

Russia says fuel export ban to continue until local market stabilizes

Russian ban on fuel exports could deepen global supply concerns, spike prices

French TotalEnergies to maintain fuel price cap of €1.99 per liter in 2024

Türkiye targets $5 billion wind energy investments by 2028

Türkiye’s wind energy becomes huge industry with exports worth $1.5 billion

Türkiye receives $280 billion worth of applications for solar, wind storage projects

Türkiye's wind energy potential to exceed national energy plan target

Solar power investment could overtake upstream oil, gas investments by 2030

Turkish company to establish large capacity solar panel factory in US

EBRD makes green investment in Montenegro's largest food retail chain

Solar power investment set to overtake oil production spending for first time

Global hydropower capacity increase hits 8-year high in 2022

South Korea, Japan resume energy dialogue after six-year break

Türkiye's daily power consumption up 6.6% on April 23

Türkiye hits annual production record from hydroelectric power plants

US announces $74M funding to advance geothermal systems

UN Secretary General calls for 'Climate Solidarity Pact' between developed and emerging economies

Shipping giant MSC supports clean energy to tackle climate change

bp, mining company Rio Tinto ink deal for one-year trial of marine biofuels

EXCLUSIVE -Türkiye has 276 million cubic meters of LNG, FSRU and storage capacity

Verkor to launch battery gigafactory in France with over €2B funding

US offers up to $350 million in grants to cut methane emissions in US

Türkiye will make first boron carbide sale to defense industry in June

Renewables and oil should coexist without posing mortal threat to each other: OPEC

EBRD to fund €200M to expand Ukraine's gas reserves

Spot market electricity prices for Tuesday, Nov. 21

UAE commits $4.5B to advance clean energy initiatives in Africa

Oil down on market expectations of larger OPEC+ cuts

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Oil prices mixed as investors bet on OPEC+ output cuts, helped by weak US dollar

US crude oil inventories fall by 0.2% for week ending July 14

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

US oil rig count down for week ending July 21

Oil up over demand euphoria in China

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Russia-Belarus linkup does not raise nuclear risk in Ukraine: Polish think tank