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US oil rig count rises by 2 for week ending Jan. 22
- Oil rigs increase by 12 to 287, from 275 the previous week
US crude oil inventories rose for week ending Jan. 15
- Commercial crude oil stocks decrease by 4.4 million barrels, against market expectation of 300,000 barrel draw
Spot market natural gas prices for Thursday, Jan. 21
- 1,000 cubic meters of natural gas on spot market costs 1,305 Turkish liras
Brent oil price down 0.18% for week ending Jan. 22
- US higher stimulus package boosts rises limited by negative vaccination results of elderly and China's virus resurgence
Keystone XL pipeline in political gridlock again
- Canada-US pipeline extension is in limbo as it once again becomes political tool in fight against climate change
Fitch warns of oil demand decline in 1st quarter 2021
- OPEC+ production policies and pandemic's path will continue to drive global oil prices in 2021, agency says
Asian spot LNG prices jump due to cold weather, low gas stock
- Asian spot LNG prices increase 16-fold, reaching $32.5 mmBtu in January
Oil prices down as China tightens virus restrictions
- Hopes for $1.9 trillion aid package in US limits further declines in oil price
S. Arabia becomes largest oil supplier to China in 2020
- Saudi's oil exports to China amounts to approximately 1.69 million barrels per day in 2020, up 1.9% year over year
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2020 marks a year of highest gas flow via TANAP
- Pipeline contributes considerably to Turkey's natural gas supply security, Turkish energy minister says
Spot market natural gas prices for Wednesday, Jan. 20
- 1,000 cubic meters of natural gas on spot market costs 1,314 Turkish liras
21.01.2021
Natural Gas
Libya records 92% loss of oil, gas revenues in 2020
- NOC struggles to control oil fields, storage tanks, pumping stations, pipelines and ports, and lacks money for repairs
Oil down over estimated rise in US stocks
-Fueling weak demand fears, US crude oil inventories are forecast to rise by over 2.5 million barrels, API figures show
Oil prices up as markets await higher stimulus in US
- Incoming US Treasury Secretary says benefits of big package outweigh costs of higher debt burden
Turkey hits record high gas consumption on Jan. 19
- Daily natural gas consumption reaches historic high of 280 million cubic meters
US sanctions Nord Stream 2 pipelaying vessel "Fortuna"
- US has long opposed the project, claiming it would threaten Europe's energy security
Var Energi given 10 new exploration licenses in Norway
- Var Energi has been granted 5 operatorships and 5 partnerships in licenses on Norwegian Continental Shelf
Gazprom warns Nord Stream 2 is at risk of cancellation
- Political changes in various regions can affect such projects, says Gazprom
Spot market natural gas prices for Monday, Jan. 18
- 1,000 cubic meters of natural gas on spot market costs 1,307 Turkish liras
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Global oil demand to increase 6% in 2021: IEA
- Vaccinations and more economic activity is expected to fuel stronger 2H21 growth, despite resurgence of COVID-19 cases
Oil prices mixed ahead of power transition in US
- Positive investor sentiment is boosted by data from China as country’s refineries post record production in 2020
Turkey hits record high gas consumption on Jan. 18
- Daily natural gas consumption reaches historic high of 274 million cubic meters
Rising LNG demand to curb supply glut in 1H21: Fitch
- Rating agency says cold winter in northern hemisphere has contributed in normalization of volumes of gas in European storage facilities
Spot market natural gas prices for Sunday, Jan. 17
- 1,000 cubic meters of natural gas on spot market costs 1,300 Turkish liras
Turkey wraps up Turkali-1 drilling at Sakarya gas field
- Operations of Turkey's first drillship Fatih at Turkali-1 well extended to depths over 3,920 meters, Turkish Petroleum says
Oil prices down on concerns over COVID-19 vaccines
- Further lockdowns in Europe and Asia erase last week’s gains, according to experts
Oil and gas-related methane emissions could rebound
- IEA calls on companies, governments and regulators to take urgent action to cut emissions from oil and gas sector
Venezuela denounces US court ruling over Citgo
- Government rejects decision to order sale of Venezuelan oil company, which has sixth-largest refinery network in US