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Türkiye leads Europe with highest rise in hydropower capacity

- Country has a strong pipeline of conventional hydropower projects, with nearly 600 MW currently under construction

13:48 Hydro

Global wholesale gas prices average $4.88 per MMBtu in 2024

- Global average gas prices fall by nearly 50% from 2022 levels, with gas-on-gas pricing mechanisms covering almost half of total consumption in 2024

12:34 Natural Gas Finance General

Oil up on US inventory drop, market cautious amid Iran-Israel truce uncertainty

- Sharper than expected drop in US crude inventories points to strong demand, while geopolitical risks keep traders on edge

10:19 Oil

US crude oil inventories down by 1.4% for week ending June 20

- Daily crude oil production increased to around 13.44 million barrels per day

10:18 Oil

Turkish, Libyan national oil companies to begin exploration at 4 sites in Libya

- TPAO to conduct seismic survey in Libya

25.06.2025 Oil

Israel-Iran ceasefire, falling oil prices seen boosting Turkish economy

- Experts say oil price drop to help Türkiye curb inflation, ease current account deficit

25.06.2025 Oil

Oil, gas prices retreat to below pre-conflict levels after Israel-Iran ceasefire

- Brent crude and European gas prices surged since Israel's June 13 attack on Iran, but fell Tuesday after ceasefire announcement

25.06.2025 Natural Gas Oil

Türkiye's daily power consumption up 4% on June 24

- Electricity exports amount to 13,498 megawatt-hours and imports total 15,533 megawatt-hours

25.06.2025 Electricity Finance

Oil prices fall as Israel-Iran ceasefire reports eases supply concerns

- US President Donald Trump announces that a ceasefire between Iran and Israel is now in effect, urging both parties to go along with it

24.06.2025 Oil

Trump calls for keeping oil prices down amid surge following US strikes on Iran

- US president warns against playing into 'enemy's hands' as prices surge following attacks Trump ordered on Iranian nuclear facilities

23.06.2025 Oil

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Global energy transition requires $21.4T investment in power grids by 2050

- Problem isn't merely scale of investment but whether investments are directed to right areas

23.06.2025 Renewable

Africa sees energy cooperation with Türkiye as key to future growth

- Head of African Petroleum Producers' Organization welcomes Türkiye as vital partner for cross-border energy projects, technological collaboration, and industry advancement

23.06.2025 General

Egypt, Türkiye set sights on enhanced energy ties, says senior Egyptian energy executive

- Cooperation opportunities exist in exploration and production, energy transition, green energy, and energy technology, says secretary general of the Egyptian Gas & Energy Association

21.06.2025 General

US oil rig count down by 1 for week ending June 20

- Number of US oil rigs fall by 46 compared to one year ago

21.06.2025 Oil

Oil prices eye 3rd straight weekly gain amid escalating Israel-Iran conflict

- Brent crude trims recent gains, but remains on track for a 2.6% weekly increase due to escalating geopolitical tensions and supply-side concerns

20.06.2025 Oil

Oil prices surge 11% amid week-long Israel-Iran conflict

- If current geopolitical crisis persists or worsens, market will have to recalibrate to new normal around $80, says an independent oil market analyst

20.06.2025 Oil

Global renewable energy capacity surges 377% over past decade

- Growing awareness of climate change, combined with lower costs for wind and solar equipment and robust policy incentives, help boost global renewable capacity

20.06.2025 Electricity Finance Renewable