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S. Arabia, Iraq discuss efforts to stabilize oil market

- S. Arabian energy min. and Iraqi PM stress compliance to OPEC+ pact, and compensation mechanism to meet targeted production

21.08.2020 Downstream , Oil , Middle East-Africa

Brent oil prices up as US economy signals recovery

- US records lowest numbers of jobless claims since mid-March

14.08.2020 Oil , Downstream , World , Europe , Eurasia , Asia , Americas , Middle East-Africa

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

US crude oil inventories fall more than expected

- Commercial crude oil stocks fall by 4.5 million barrels, exceeding market forecast of 2.9 million barrels decrease

13.08.2020 Downstream , Europe , Eurasia , Asia , Americas , Middle East-Africa

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

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

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

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

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

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

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

US petroleum demand to remain low until August 2021

- US consumption of liquid fuels in April reached all-time monthly low since early 1980s

22.07.2020 Downstream , Energy Security , 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

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

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

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

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

Swedish Tethys Oil signs exploration deal offshore Oman

- In case of any commercial oil or gas discovery, agreement will be transformed into 15-year production license, company says

07.07.2020 Downstream , Downstream , Europe , Middle East-Africa

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

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 gain as demand picks up with summer season

- With rise in gasoline and diesel consumption, global oil demand begins to pick up

26.06.2020 Downstream , Stock Market , Europe , Asia , Americas

Oil prices steady despite US-China trade tension

- Sino-American relations could be hurt if US firms are not allowed to compete fairly in China, US Treasury Secretary warns

24.06.2020 Downstream , Stock Market , International Relations , Asia , Americas

Gasoline accounts for half of US oil consumption in '19

- US consumed more than 20 million barrels per day of petroleum last year, with motor gasoline taking the majority share

24.06.2020 Downstream , Americas

Oil down with US-China tension, second wave virus risk

- White House trade advisor Peter Navarro points to 'lack of trust' between China and US

24.06.2020 Downstream , Stock Market , International Relations , Asia , Americas

Oil prices down with rising virus cases in key US states

- Recent spike in new COVID-19 cases in US threatens overall oil demand in world's biggest oil-consuming country

23.06.2020 Downstream , Stock Market , Energy Security , Americas

Oil prices fall with rising virus cases in US, China

- These countries are world's two largest oil consumers

16.06.2020 Downstream , Stock Market , Energy Security , Asia , Americas

Oil prices down with worries over second COVID-19 wave

- Fears of a second-wave sends US indexes plummeting more than 5% with Dow Jones falling the most by 6.9%

12.06.2020 Downstream , Stock Market , Energy Security , Americas

Russia: 4 arrested over major fuel leak

- Nornikel's top management, responsible for power plant that caused disaster, excluded from investigation

12.06.2020 Oil , Downstream , Renewable , Energy Security

Oil prices down with surprise US gasoline stock buildup

- On supply side, OPEC+ widely expected to extend current production curb into second half of 2020

05.06.2020 Downstream , Stock Market , International Organization , Americas

Brent crude price up with decline in US gasoline stocks

- Fall in US gasoline inventories suggests consumer demand is picking up

29.05.2020 Downstream , Stock Market , Americas

Oil prices down with oversupply, low demand

- Investors await gradual lifting of quarantine measures of major economies for uptake in global oil demand

27.05.2020 Downstream , Stock Market , Americas

Over 200 US firms file for bankruptcy amid low prices

- 'Loss of drilling revenue is more than $60 billion to the industry,' an expert in Houston says

27.05.2020 Oil , Finance , Downstream , Americas , Middle East-Africa

FILE - US reigning champion in oil, natural gas

- US becomes world's largest crude oil and natural gas producer because of shale revolution

24.05.2020 Oil , Downstream , Americas

US oil rig count falls tenth week in a row

- In the past ten weeks, the decline in US oil rig count totaled 446, according to the data

24.05.2020 Finance , Downstream , Americas

Oil loses most of weekly gains with US-China tension

- World's two largest economies at forefront of global economic slowdown, weakening oil consumption

23.05.2020 Downstream , Stock Market , International Relations , Asia , Americas

Oil prices down with lack of growth outlook in China

- China does not set economic growth target for 2020 amid "big uncertainties in economy and trade"

22.05.2020 Downstream , Stock Market , Energy Security , Asia

Oil prices remain low with virus-related low demand

- Global oil consumption is expected to increase once countries soften quarantine measures against COVID-19

14.05.2020 Downstream , Energy Security , Europe , Asia , Americas

Oil prices up as softer quarantine measures rise demand

- Price of Brent crude gains more than 3%

09.05.2020 Downstream , Stock Market , Energy Security , Europe , Americas

Oil prices up with optimism over easing of lockdowns

- Investors are optimistic that reopening of major economies will increase oil consumption

05.05.2020 Downstream , Stock Market , Energy Security , Europe , Asia , Americas

Oil prices sees slight fall with oversupply concerns

- Due to coronavirus-related cumulative rising supply, oil producers are desperately seeking additional storage

27.04.2020 Oil , Finance , Downstream , Americas , Middle East-Africa

US oil rig count falls sixth week in a row

- In the past six weeks, the decline in oil rig count in the U.S. totaled 305

27.04.2020 Oil , Downstream , Americas

Global oil production up in March 2020

- OPEC crude demand in 2020 is forecast at 24.5 million barrels per day, around 5.4 million barrels per day lower than 2019

17.04.2020 Oil , Finance , Downstream

Global oil demand to drop by record 29 mbpd in April

- This month could go down as 'Black April' in global oil industry, IEA head says

15.04.2020 Oil , Downstream , International Organization

Exxon Mobil cuts 2020 capital expenditure by 30%

- Biggest share drop in capital spending will be in Permian Basin in Texas with decline in drilling pace and well completions

08.04.2020 Oil , Upstream , Downstream

Total, Apache make new oil discovery in Suriname

- Discovery of Sapakara West-1 follows first find at Maka Central-1 in same region

03.04.2020 Oil , Downstream , World

Fitch lowers oil price forecast on Covid-19, oversupply

- Brent crude expected to average $35 a barrel this year, down from previous estimate of $41 a barrel

03.04.2020 Downstream , Stock Market , International Organization , Americas

US, Russia energy ministers discuss oil market

- Two energy officials discuss volatility in prices, oil market developments

02.04.2020 Downstream , Stock Market , International Relations , Eurasia , Americas

MENA oil exporters to see $192B income fall in 2020: IIF

- Quarantines, disruption in supply chains, travel restrictions, business closings point to recession in MENA region

30.03.2020 Downstream , Invesments , International Organization , Middle East-Africa

Brent oil price hits $23 per barrel, lowest in 17 years

- International benchmark hit lowest level since November 2002

31.03.2020 Downstream , Stock Market , Energy Security , Americas , Middle East-Africa

Brent oil up with sharp decline in US oil rig count

- Crude output in US can decline in following weeks to help trimming some of oversupply in market

30.03.2020 Downstream , Stock Market , Americas

Oil heads for weekly loss with virus fears, oversupply

- US House of Representatives to vote later Friday on $2 trillion stimulus bill

28.03.2020 Downstream , Stock Market , International Organization , Americas

Turkey's oil imports up 12.7% in January 2020

- Production of oil refinery products increases by 23.72% to 2.88 million tonnes in January 2020

28.03.2020 Oil , Downstream , Refining/Petro Chemistry , International Organization , Energy Projects , Turkey

Oil up with G20's $5 trillion pledge, weak US dollar

- G20 undertaking 'immediate and vigorous measures' to support economies, sectors most affected by virus

27.03.2020 Downstream , Invesments , International Organization , Americas

Oil prices to remain low through 2020: Moody's

- High uncertainty about pace of recovery in demand may cause oil prices to remain weak in 2021

27.03.2020 Downstream , Stock Market , Energy Security , Americas

Global oil demand forecast to fall 4.9% in 2020: Rystad

- Month of April to take biggest hit as global oil demand estimated to fall by 16%

27.03.2020 Downstream , Energy Security , Asia

Oil down despite US Senate passes $2 trillion package

- Stimulus bill could increase US' crude consumption, and then global oil demand, which remained low due to Covid-19

27.03.2020 Downstream , Oil , International Organization , Americas

Lower oil price to weaken oil-exporters credit profiles

- Fiscal revenues, exports of some countries will decline by more than 10% of GDP, says global rating agency

26.03.2020 Upstream , Downstream , Oil

Shell to cut spending by $5 billion in 2020

- Company will also suspend its plan to buy back $25 billion worth of shares

25.03.2020 Upstream , Downstream , Oil

Covid-19 and oil shock to hurt ratings: Moody's

- Disruption of economic activity to last through June, but some recovery expected in second half of 2020, agency says

25.03.2020 Downstream , Invesments , Americas

Barclays lowers 2020 oil price forecast by $12 a barrel

- Brent crude estimated to average $31 per barrel this year

25.03.2020 Downstream , Stock Market , Europe

Oil prices gain with decline in US dollar index

- American dollar index down after US Senate fails to pass coronavirus support package

24.03.2020 Downstream , Projects , Americas

S. Aramco makes preventive plans to sustain supply: CEO

-"We developed emergency plans to meet needs of customers around world," says company president

24.03.2020 Upstream , Downstream , Transportation/Fuel Oil , Oil

‘Crude oil to outrun storage capacity in few months’

- Production outstrips demand by 6 million barrels per day, equal to 2 billion barrels storage needed in 2020: Rystad Energy

23.03.2020 Upstream , Downstream , Refining/Petro Chemistry

Texas plans huge oil output cut for 1st time since 1972

- US shale companies have cut as much as 50% of planned spending due to falling demand since OPEC+ deal breakdown

21.03.2020 Upstream , Downstream , Oil

Saudis to raise oil export to record 10M barrels a day

-Move comes after Riyadh announces tapping of new Fadhili gas field to compensate for 250,000 barrels of oil consumption

18.03.2020 Downstream , Transportation/Fuel Oil , Oil

Developing states to lose up to 85% oil, gas pay in '20

- Heads of International Energy Agency, Organization of Petroleum Exporting Countries discuss global oil markets over phone

18.03.2020 Upstream , Downstream , Refining/Petro Chemistry

Oil down despite second US Federal Reserve rate cut

- Central bank also launches $700 billion quantitative easing program to support economy

16.03.2020 Downstream , Stock Market , International Organization , Americas

Turkey: 4 fuel firms fined for violating competition law

- Companies include Shell&Turcas Petrol, BP, Petrol Ofisi, OPET, which supply fuel and gasoline to many gas stations all over Turkey

14.03.2020 Downstream , Oil , Turkey

Coronavirus, oil shock to strain MENA region: Fitch

- Rating agency estimates oil price drop of $10 a barrel will affect government revenues by 2% to 4%

11.03.2020 Downstream , Invesments , Middle East-Africa

Low oil prices increase financial risks: Moody’s

- International credit rating agency says it expects oil, gas companies to actively manage their liquidity in 2020

11.03.2020 Downstream , Invesments , Americas

Coronavirus pushes Brent oil to lowest in 31 months

- Benchmark loses 32.5% since Jan. 8, 2020

05.03.2020 Downstream , Stock Market , Energy Security , Asia , Middle East-Africa

Oil down with focus on deeper OPEC cut amid coronavirus

- Oil posts largest daily gains from previous trading session since September 2019

04.03.2020 Downstream , Stock Market , Energy Security , Asia

Brent oil heads for biggest weekly decline in 4 years

- Benchmark to post largest weekly loss since January 2016

29.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia , Americas

Rystad revises down oil price forecast amid coronavirus

- Downside risk to oil prices unless minimum 1 million bpd of oil removed from market, research firm says

29.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia

Oil posts losses as virus worries cause low demand

- Oil consumption in Asian and European countries expected to remain low due to weak economic activity in first half of 2020

29.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia

Oil prices hit 14-month low with coronavirus fears

- Brent oil price hits lowest level since Dec. 28, 2018

28.02.2020 Downstream , Stock Market , International Organization , Europe , Asia

Oil prices remain low with coronavirus spread

- Coronavirus spreads to more than 30 other countries, keeping global oil demand low

27.02.2020 Downstream , Stock Market , Energy Security , Europe , Asia

Oil prices rebound from coronavirus fears

- Brent and WTI decrease by around 1.2% on previous session

26.02.2020 Downstream , Stock Market , Energy Security , Asia

Oil set for weekly gain with virus rebound, Libya risks

- This marks second consecutive weekly gain for oil prices as they reach their highest levels since Jan. 29

22.02.2020 Downstream , Stock Market , Energy Security , Asia , Middle East-Africa

Oil prices down with rising US crude stock, coronavirus

- Low global oil demand expectations remain strong due to COVID-19

21.02.2020 Downstream , Stock Market , Asia

Global fuel demand growth revised down amid coronavirus

- Global liquid fuels demand to average 101.7 million bpd in 2020, 378,000 bpd less than EIA's previous forecast in January

21.02.2020 Downstream , Energy Security , Asia

Oil prices gain with supply fears over Libya, Rosneft

- Missiles struck close to highly explosive LPG tanker in Tripoli

20.02.2020 Downstream , Stock Market , Energy Security , Middle East-Africa

Oil prices down with rising coronavirus cases

- Death toll in China from coronavirus outbreak increases to 1,869

19.02.2020 Downstream , Stock Market , Asia

Oil heads for 5% weekly gain as coronavirus fears ease

- Most reported cases are going back over days and weeks, WHO says

15.02.2020 Downstream , Stock Market , International Organization , Asia

More OPEC cuts will fail to curb glut due to coronavirus

-Economic shut-down in China from coronavirus will cause largest negative oil demand shock since 2008, says Rystad Energy

16.02.2020 Downstream , International Organization , Asia

Oil prices remain under pressure with coronavirus woes

- Death toll in China from coronavirus outbreak rises to 1,381

14.02.2020 Downstream , Stock Market , Asia

Coronavirus to delay global recovery, cause oil surplus

- World GDP may contract by 1% in 1Q20, which would be first quarter-to-quarter contraction since 1Q09

14.02.2020 Downstream , Invesments , Energy Security , Asia

US projected to become net oil exporter by 2050

- World's largest oil importer to export more crude if it produces more and oil prices increase

13.02.2020 Downstream , Americas

Oil loses gains as coronavirus deaths reach daily high

- Number of deaths climbed by daily record of 242 in China's Hubei province

14.02.2020 Downstream , Stock Market , Asia

Oil up as coronavirus cases slow to support demand

- Number of new cases marks slowest growth rate since Jan. 31

12.02.2020 Downstream , Stock Market , Energy Security , Asia

Oil up with possibility of OPEC extending output cut

- Coronavirus 'has had a negative impact on oil demand and oil markets,' OPEC president says

12.02.2020 Downstream , Stock Market , International Organization , Asia , Middle East-Africa

Halliburton, Socar AQS agree to joint venture in Azerbaijan

- The JV will provide oilfield products and services with operations start expected for the second quarter of 2020

11.02.2020 Downstream , Downstream , Energy Projects , Eurasia

Oil prices up with hopes of deeper OPEC production cuts

- Chinese ambassador to the UN shared latest information on coronavirus and measures taken with OPEC in Vienna

06.02.2020 Downstream , Stock Market , International Organization , Asia , Middle East-Africa

Oil prices bounce back from 13-month lows

- Outbreak of coronavirus continues to keep crude demand low around the world

05.02.2020 Downstream , Stock Market , Energy Security , Middle East-Africa

Oil hits lowest level in six months due to coronavirus

- Prices at lowest level since Aug. 7, 2019

04.02.2020 Downstream , Stock Market , Asia

Oil prices head for biggest monthly decline since May

- Crude heads for more than 13% monthly loss with coronavirus' negative impact on economic growth and global oil demand

03.02.2020 Downstream , Stock Market , Americas , Middle East-Africa

Saudi Aramco invests $5 million in blockchain firm

- By using blockchain technology, the firm aims to further develop its trading platform and expand into new markets

31.01.2020 Downstream , Invesments , Middle East-Africa

Oil down as Fed warns against virus impact on growth

- "There is likely to be some disruption to activity in China and globally," Fed Chair Powell says

31.01.2020 Downstream , Energy Security , Asia , Americas

Oil revenues under threat for 1.3M Libyans: NOC head

- National Oil Company will not receive requested budget, which means billions less for Libyan people in future, Sanalla says

28.01.2020 Downstream , Invesments , Energy Projects , Middle East-Africa

Brent oil posts losses with rising coronavirus deaths

- Benchmark hits lowest level in nearly four months

29.01.2020 Downstream , Stock Market , Energy Security , Asia

Oil prices down with rising coronavirus cases

- Rising coronavirus cases in China as well as increased risk in US negatively impacts global oil demand

28.01.2020 Downstream , Energy Security , Asia , Americas

Oil heads for 6% weekly loss with China virus fears

- "Official GDP figures [in China] are likely to show a milder slowdown, as they did during SARS," expert says

25.01.2020 Downstream , Stock Market , Energy Security , Asia

Iran confirms plan to enrich uranium up to 20 percent

Spot market electricity prices for Friday, Jan. 1

Iran nuke deal sides' ministers due for talks next week

Iran: Parliament head declares passage of nuclear law

Spot market electricity prices for Wednesday, Jan. 6

Turkey's daily power consumption down 1.85% on Dec. 30

Turkey's daily power consumption up 2.89% on Dec. 22

Spot market electricity prices for Tuesday, Dec. 22

Turkey's daily power consumption up 18.76% on Jan. 4

Spot market electricity prices for Friday, Jan. 1

Highlights of Turkish energy market in 2020

2021 global coal demand to grow 2.6% after record drop

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

3rd Turkish drillship leaves Mersin bound for Black Sea

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

Qatargas delivers first commercial LNG to Philippines

US LNG vessel to arrive in Turkey on January 21

Nigerian LNG vessel to arrive in Turkey on January 20

Algerian LNG vessel arrives in Turkey on Jan. 4

ExxonMobil makes first discovery offshore Suriname

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

ExxonMobil makes first discovery offshore Suriname

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

Lundin upgrades Edvard Grieg field reserve estimates

Norway's Equinor discovers oil and gas in North Sea

Turkey's Petkim profits up 36% year-on-year in 3Q20

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

Venezuela condemns US policy of seizing fuel shipments

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

Equinor chosen for largest-ever US offshore wind award

New Mexico to have largest wind installation in region

Wind, water produce most of EU renewable power in 2019

2020 sees big developments in Baltic Sea offshore wind

Wind, water produce most of EU renewable power in 2019

Turkey to open mini solar tenders in 2 months

Esenboga Elektrik pays in full for 11 solar power plants

Turkey's energy developments in 2020: Energy Minister

Wind, water produce most of EU renewable power in 2019

Hydro produces 89% of Norway's power in November

Hydro produces 92.8% of Norway's power in October

Hydro produces 91.2% of Norway's power in Sept.

Turkey in top 4 countries with geothermal capacity

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

Turkey launches trade center in Chicago

Esenboga Elektrik pays in full for 11 solar power plants

Turkey's new lithium prod. plant to save $20M imports

1st Turkish car's battery to be made indigenously : CEO

Turkey allocates $18.5B for 2021 investments

Venezuela open to foreign investment in oil sector

Turkey's gold production set to break records in 2021

Emerging markets attract $313B in 2020: IIF

Spot market natural gas prices for Tuesday, Dec. 22

Spot market natural gas prices for Sunday, Dec. 20

Iraq’s central bank devalues national currency

Spot market electricity prices for Sunday, Dec. 20

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