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'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
Oil prices up with lowest US rig count since June 2009
- Decline in oil rig count suggests that crude oil production in US will decrease in short term
Spot market electricity prices for Monday, July 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 161.3 million Turkish liras
UK concerned over mercenaries at Libyan oil facilities
- Libya, ravaged by civil war since toppling of Qaddafi, now legitimate government fights militants of warlord Haftar
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
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
US oil rig count falls for sixteenth consecutive week
- Over the past 16 weeks, the decline in the US oil rig count totaled 498, according to Baker Hughes
Kuwait, Saudi Arabia restart production at Khafji field
- Facility closed as part of output cut agreement to ensure price stability in crude oil market
Venezuela's crude exports slump to lowest in 77 years
- Country's fuel imports see fall in June to 66 thousand barrels per day from 77.1 barrels per day in May
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Goldman Sachs expects full oil demand recovery in 2022
- Global oil demand to decline by 8% in 2020, and increase by 6% in 2021
Oil prices up with fall in US crude inventories
- Summer season provides positive outlook for global oil consumption through September
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
EU may suffer oil depletion by 2030: French study
- Likely decline in production of oil-producing countries by 2030 could lead to severe constraints on EU supplies: says study
EU supports Libya’s efforts to resume oil production
- Delegation from European Union in Libya condemns presence of foreign mercenaries in oil fields, including Sharara oilfield
Iraq lowers June oil exports, but pumps over OPEC+ aim
- Iraq gains $2.86 billion in June with average crude price per barrel of $33.90
OPEC Sec. Gen. joins African meeting to discuss energy
- Secretary General Barkindo calls for cooperation to sustain oil market stability
US oil production increases by 134% in 11 years
- Between 2009-2019, US share of world oil production jumped from 8.91% to 17.9%, almost doubling in 11 years
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
Spain calls for end to oil production blockade in Libya
- Libya’s National Oil Company should be operating under the Government of National Accord, says Spanish government
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Shell: Low oil prices to lower asset value up to $22B
- Energy company points to impacts of COVID-19 and challenging commodity price environment
Turkey's energy import bill down 65.3% in May 2020
- Country's crude oil imports decrease by 12.6% in May 2020 compared to same month of 2019
Oil prices retreat as Libya escalates oversupply worries
- Libya's NOC is hopeful that regional countries will lift blockade
US refinery capacity sets new record in 2019
- Total of 135 refineries operable in US last year
Oil prices show slight fall with demand concerns
- Recent spike in new COVID-19 cases in different parts of world is causing oversupply concerns
Spot market natural gas prices for Saturday, June 27
-1,000 cubic meters of natural gas in spot market costs 1,490 Turkish liras
Spot market electricity prices for Monday, June 29
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 154.2 million Turkish liras
Turkey's daily power consumption down 5.07% on June 27
- Turkey's electricity exports amount to 3,617 megawatt-hours, while imports total 9,452 megawatt-hours
US oil rig count falls fifteenth week in a row
- In the past 15 weeks, the decline in US oil rig count totaled 495, according to the data