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Oil prices up over OPEC+’s cautious output ease

- Rapid increase in Eurozone manufacturing sector's PMI in March also reflects positively on oil prices

03.04.2021 Oil , Refining/Petro Chemistry , Stock Market , Energy Projects

EU halts sanctions for more Turkish oil firm officials

- EU has frozen expansion of list of sanctions on officials of Turkish Petroleum Corporation, say EU diplomats

19.03.2021 Oil , Refining/Petro Chemistry , Energy Diplomacy , Energy Projects , Europe

Brent oil price down 0.56% for week ending Feb. 19

- After oil prices rise due to weather-related supply disruptions in Texas, falling demand in refineries causes price drops

20.02.2021 Oil , Refining/Petro Chemistry , Energy Projects , Americas

US crude oil inventories fall for week ending Feb. 12

- Commercial crude oil stocks decrease by 7.3 million barrels, higher than market expectation of 2.2 million-barrel draw

20.02.2021 Oil , Refining/Petro Chemistry , Americas

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

- Company's profits reach 311 million Turkish liras in third quarter of 2020

06.11.2020 Refining/Petro Chemistry , 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

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

US crude oil stocks rise against market expectation

- Commercial crude oil stocks increase by 4.9 million barrels, against market forecast of 2.1 million barrel decline

23.07.2020 Refining/Petro Chemistry , Americas

Halting oil production costs Libya more than $7B

- Groups linked to warlord Haftar shut production since mid January, says National Oil Corporation

18.07.2020 Oil , Refining/Petro Chemistry , Middle East-Africa

US crude oil stocks increase against market expectation

- Commercial crude oil stocks rise by 5.7 million barrels, against market forecast of a decline of 3.1 million barrels

09.07.2020 Refining/Petro Chemistry , Americas

Oil prices down with estimate of US crude stock buildup

- Crude oil inventories in US are expected to rise by 2.05 million barrels for week ending July 3

08.07.2020 Refining/Petro Chemistry , Stock Market , Americas

'Foreigners enter Sidra oil field': Libyan oil company

- National oil company says El Sharara oil field was occupied by Russian security company Wagner's mercenaries 25 days ago

07.07.2020 Oil , Refining/Petro Chemistry , Energy Security , Energy Projects

Oil prices up around 5% for week ending July 3

- US commercial crude oil inventories signal rising demand in world's largest oil consuming country

05.07.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Americas , Middle East-Africa

US crude oil stocks fall more than market expectation

- Commercial crude oil inventories decrease by 7.2 million barrels, higher than market forecast of 0.7 million barrels

02.07.2020 Refining/Petro Chemistry , Americas

Oil up with estimate of large US crude stock withdrawal

- Crude oil inventories in US are expected to decline by 8.1 million barrels for week ending June 26

01.07.2020 Refining/Petro Chemistry , Stock Market , Americas

BP sells its petrochemical business to INEOS for $5B

- Aromatics and acetyls constitute BP’s petrochemicals business with 9.7 million tonnes of production in 2019

30.06.2020 Refining/Petro Chemistry , Europe

US refinery capacity sets new record in 2019

- Total of 135 refineries operable in US last year

30.06.2020 Oil , Refining/Petro Chemistry , Americas

UPDATE - US sanctions 5 Iranian captains for helping Venezuela

- Captains accused of delivering nearly 1.5M barrels of Iranian gasoline, related components to Venezuela

26.06.2020 Refining/Petro Chemistry , International Relations , Americas , Middle East-Africa

US crude oil stocks rise more than market expectation

- Commercial crude oil inventories increase by 1.4 million barrels, higher than market forecast of 0.3 million barrels

25.06.2020 Refining/Petro Chemistry , Americas

Oil down with US stock rise, ahead of OPEC tech meeting

- OPEC's Joint Ministerial Monitoring Committee to discuss members' oil output compliance later Thursday

18.06.2020 Refining/Petro Chemistry , Stock Market , International Organization , Americas , Middle East-Africa

Iran’s export of petchem products down 29% in 2019

-Country’s total petrochemical revenue last year totals $15 billion, says deputy petroleum minister for petrochemical affairs

17.06.2020 Oil , Refining/Petro Chemistry , Middle East-Africa

US crude oil stocks rise against market expectation

- Commercial crude oil inventories increase by 5.7 million barrels, but market forecasted fall of 1.7 million barrels

11.06.2020 Refining/Petro Chemistry , Americas

Oil down with estimate of large US crude stock buildup

- Crude oil inventories in US expected to increase by 8.4 million barrels for week ending June 5

11.06.2020 Refining/Petro Chemistry , Stock Market , Americas

US crude oil stocks fall against market expectation

- Commercial crude oil inventories decline by 2.1 million barrels, while market estimate was rise of 3 million barrels

05.06.2020 Refining/Petro Chemistry , Americas

US crude oil stocks post second decline since January

- Commercial crude oil inventories fall for second time after 15 consecutive weeks of increases

22.05.2020 Oil , Refining/Petro Chemistry , Stock Market , Energy Projects , Americas

US to buy oil for strategic reserve to test market

- An initial 1 million barrels of crude oil to be bought for strategic petroleum reserve

17.05.2020 Refining/Petro Chemistry , Oil , Energy Security , Americas

Petrofac considers cost cuts of $125 million in 2020

- Energy company will also delay majority of 2020 tenders until 2021

16.05.2020 Upstream , Refining/Petro Chemistry

US crude oil stocks post first decline since January

- Commercial crude oil inventories fall for first time after 15 consecutive weeks of increases

14.05.2020 Refining/Petro Chemistry , Americas

Saudis to hike VAT to support coronavirus-hit economy

Kingdom to suspend cost of living allowance as part of austerity measures

12.05.2020 Refining/Petro Chemistry , Stock Market , Energy Diplomacy , Energy Security , International Organization

US crude oil inventories show rise for w/e May 1

- Commercial crude oil stocks increase by 4.6 million barrels

07.05.2020 Refining/Petro Chemistry , Americas

Weak fuel demand causes refinery run declines in US

- As US motor gasoline and jet fuel consumption falls to lowest level since 1991, refiners change mix of petroleum products

07.05.2020 Refining/Petro Chemistry , Energy Security , Americas

Oil prices down with expectation of US crude build-up

- Crude oil inventories in US estimated to increase by 8.44 million barrels for week ending May 1

06.05.2020 Refining/Petro Chemistry , Stock Market , Americas

US crude oil inventories show strong rise for w/e April 24

- Commercial crude oil stocks rise by 9 million barrels

30.04.2020 Refining/Petro Chemistry , Americas

Low liquidity, limited storage push WTI below zero: EIA

- As of April 17, crude oil inventories in Cushing, Oklahoma totaled 60 million barrels, implying crude storage was 76% full

30.04.2020 Refining/Petro Chemistry , Stock Market , Americas

Oil up as US crude stocks due to fall short of estimate

- US estimates addition of 9.98 million barrels in crude stocks, but market estimate is rise of 10.62 million barrels

30.04.2020 Refining/Petro Chemistry , Stock Market , Americas

Brent oil may soon hit below $10 a barrel: Experts

- Brent to continue to fall under weight of oversupply across globe as storage space runs out, one expert says

22.04.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas

Saudi Aramco refutes reports of change in payment terms

- Some media outlets report firm offered Asian, European refineries the right to delay crude cargo payments for up to 90 days

16.04.2020 Refining/Petro Chemistry , Oil , World

US crude oil inventories show strong rise

- Commercial crude oil stocks rose by 19.2 million barrels, compared to market estimate of 11.7 million barrels increase

18.04.2020 Refining/Petro Chemistry , Americas

Brent oil trading below $30, after 6% drop on Tuesday

- With low oil consumption and rising oversupply, producers are having hard time storing excess amounts of crude

15.04.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Americas

US to award 23 million barrels oil storage for 9 firms

- Most deliveries to be received in May and June 2020, with possible early deliveries in April, US energy secretary says

15.04.2020 Refining/Petro Chemistry , Oil , Americas

OPEC deal to prevent global oil storage rise: Experts

- Curbs would slow build-up in storage and avoid supply surplus over second quarter, one analyst says

11.04.2020 Refining/Petro Chemistry , Energy Security , Americas

Oil prices down as OPEC meeting postponed

- Teleconference to be held on Thursday as tensions between OPEC+ heavyweights Saudi Arabia, Russia continue

06.04.2020 Oil , Refining/Petro Chemistry , Energy Security , International Organization , Energy Projects

US crude oil inventories show strong increase

- Commercial crude oil stocks rose by 13.8 million barrels, compared to market estimate of 4 million barrels increase

03.04.2020 Refining/Petro Chemistry , Americas

Oil prices down with US crude buildup estimate

-Crude stocks in US are estimated to have risen by 10.48 million barrels, higher than market expectation of 4 million barrels

01.04.2020 Refining/Petro Chemistry , Stock Market , 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

US crude oil inventories show less-than-expected rise

- Commercial crude oil stocks rose by 1.6 million barrels, compared to market estimate of 2.77 million barrels increase

26.03.2020 Refining/Petro Chemistry , Americas

Total to release urgent action plan for low oil prices

- Total aims to combat low oil prices due to coronavirus outbreak

24.03.2020 Oil , Refining/Petro Chemistry , Europe

‘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

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

Turkey halts ethanol-mixed fuel for more disinfectants

- Move to raise ethanol production capacity to boost disinfectant production as measure against spread of coronavirus

16.03.2020 Refining/Petro Chemistry , Oil , Turkey

US crude oil inventories show more-than-expected rise

- Commercial crude oil stocks rose by 7.7 million barrels, compared to market estimate of 2.3 million barrels increase

12.03.2020 Refining/Petro Chemistry , Americas

Low oil prices to curb Turkey's $12B energy imports

- Inflation to drop by 1% if oil stays around $35 per barrel, expert says

12.03.2020 Refining/Petro Chemistry , Projects , Turkey

US strikes Russian oil firm from sanctions list

- Independent Petroleum Company removed from North Korea sanctions list after being added in 2017

03.03.2020 Oil , Refining/Petro Chemistry , Energy Diplomacy , Energy Security

Oil rallies after going below $50/bbl amid pandemic fears

- Oil prices at lowest levels in 14-months with worries amid low global oil demand causing rise in glut of supply

28.02.2020 Oil , Refining/Petro Chemistry , Transportation/Fuel Oil , Energy Diplomacy , Energy Security , Middle East-Africa

US crude oil inventories show less-than-expected rise

- Commercial crude oil stocks rose by 0.5 million barrels, compared to market estimate of 2.5 million barrels increase

27.02.2020 Refining/Petro Chemistry , Americas

US crude oil inventories show less-than-expected rise

- Commercial crude oil stocks rose by 0.4 million barrels, compared to market estimate of 2.5 million barrels increase

22.02.2020 Refining/Petro Chemistry , Americas

Oil steady with virus fears and rise in US crude stocks

- Crude inventories in US are estimated to increase by 4.2 million, API figures show

21.02.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas

US crude oil stocks, production up for w/ending Feb. 7

- Crude oil output returned to record high level of 13 million barrels per day last week

13.02.2020 Refining/Petro Chemistry , Americas

Oil steady as market awaits OPEC cut against low demand

- Coronavirus outbreak continues to lower demand and put downward pressure on prices

11.02.2020 Oil , Refining/Petro Chemistry , Transportation/Fuel Oil , Energy Diplomacy , Energy Projects

US crude oil stocks rise much higher than expectation

- Commercial crude inventories jump by 3.5 million barrels, compared to market estimate of rise of 482,000 barrels

31.01.2020 Refining/Petro Chemistry , Americas

Oil prices up with surprise crude inventory draw

- US crude oil stocks estimated to decline by 4.27 million barrels for week ending Jan. 24

30.01.2020 Refining/Petro Chemistry , Stock Market , Energy Security , Asia , Americas

US crude oil stocks decline for week ending Jan. 17

- Commercial crude inventories fall by 0.4 million barrels

25.01.2020 Refining/Petro Chemistry , Americas

US crude oil inventories rise for week ending Jan. 3

- Commercial crude inventories increase by 1.2 million barrels

10.01.2020 Refining/Petro Chemistry , Americas

Oil prices exceed other commodities in 2019: EIA

- Last year saw Brent crude rise by 22.7%, and West Texas Intermediate (WTI) jump 34.4%

08.01.2020 Refining/Petro Chemistry , Stock Market , Americas

US crude oil stocks decline for w/ending Dec. 20

- Commercial crude inventories decline by 5.5 million barrels

29.12.2019 Refining/Petro Chemistry , Americas

Oil prices up with decline in US crude stocks

- Crude prices up 1% before Christmas break

26.12.2019 Refining/Petro Chemistry , International Relations , Asia , Americas

Highlights of global energy market in 2019

- Tensions between US and Iran, oil tanker attacks in Middle East and the climate crisis were hot topics in 2019

22.12.2019 Electricity , Natural Gas , Oil , Nuclear , Thermal , Lng/Lpg , Refining/Petro Chemistry , Wind , Solar , Hydro , Geothermal/Biomass , Projects , Oil , Natural Gas , Electricity , Energy Diplomacy , Energy Security , International Relations , News from companies , World , Turkey , Europe , Eurasia , Americas , Middle East-Africa , General

Europe turning to nuclear power amid global energy price increase

New France-led 'nuclear alliance' in Europe could lead to conflict

65th IAEA General Conference begins in Vienna

Turkey to complete 1st unit of nuclear power plant by May 2023

Spot market electricity prices for Wednesday, Aug. 11

Turkey's daily power consumption up 2.97% on July 16

Spot market electricity prices for Tuesday, July 13

Turkey's daily power consumption down 7.96% on July 11

1,485 institutions globally divest from $39.2 trillion worth of fossil fuels

Leading Chinese coal producers set to cap coal prices amid energy crisis

Most OECD countries to end export credits for coal-fired power plants

Rising energy prices pose inflation risks: World Bank

Spot market natural gas prices for Monday, Aug. 9

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

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 Thursday, July 8

Spot market natural gas prices for Wednesday, May 5

Spot market natural gas prices for Monday, May 3

Spot market natural gas prices for Tuesday, April 27

Algerian LNG vessel to arrive in Turkey on Oct. 29

Algerian LNG vessel to arrive in Turkey on Oct. 23

Qatar changes state-owned energy company’s name to ‘QatarEnergy’

Natural gas market in temporary imbalance: Gas exporters forum

Oil prices up by over 2% for week ending April 2

Indonesia's Balongan refinery rocked by massive blast

ExxonMobil makes first discovery offshore Suriname

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

Oil prices down after rise in US oil inventories

US oil rig count rises by 2 for week ending Jan. 22

ExxonMobil makes first discovery offshore Suriname

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

Russian petchem giant SIBUR to boost investments to meet greater Turkish demand

Aramco, SABIC to realign petchems & fuel product sales

Turkey, TRNC ink oil, electricity cooperation protocols

Oil prices rally over demand recovery optimism

Energy, food crises growing in UK, expert says

UK considers army assistance to deliver fuel at pumps amid shortage

bp, NYK Line join forces to decarbonize shipping and heavy industry

Lebanon inks deal to import 1 million tons of fuel from Iraq

Turkey's daily wind power generation hits record high

Turkey has rapidly become leading wind market: Vestas

Clean energy investments need to more than triple by 2030 to curb emissions

Turkey's daily power consumption down by 4.2% on Oct. 2

Clean energy investments need to more than triple by 2030 to curb emissions

French TotalEnergies and Iraqi gov. sign $27B oil, gas, solar deals

Turkey's solar power share rise to 7.5% but still lower than potential

'Global warming may push temperatures in Turkey up by some 6.5 degrees in 80 years’

Ethiopia: TPLF on move to disrupt Ethiopian mega dam on Blue Nile

Turkey's hydropower capacity grows although output lowers due to drought

Hydropower in Turkey lags behind growth in renewables

Global hydropower growth set to slow significantly putting climate goals at risk

Solid waste to be turned into resources in Gaziantep by UNDP supported plant

Turkey accounts for over one tenth of global geothermal capacity

Geothermal and hydropower need more attention: IEA head

Europe needs to build more wind farms for climate goals

Southeast Asia needs $2T over next decade for green economy

Turkey unveils Economic Reform Action Plan

BP plans UK’s largest hydrogen project

US warns entities to abandon Nord Stream 2 gas pipeline

1,485 institutions globally divest from $39.2 trillion worth of fossil fuels

Turkey has rapidly become leading wind market: Vestas

Clean energy investments need to more than triple by 2030 to curb emissions

Southeast Asia needs $2T over next decade for green economy

Spot market natural gas prices for Sunday, Sept. 19

Spot market natural gas prices for Friday, July 16

Turkey's daily power consumption up 2.97% on July 16

US oil rig count up by 2 for week ending July 16

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