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Oil prices up over 4% for week ending March 5
- Prices rise on back of OPEC+ decision to maintain rather than raise output cuts for April
Spot market electricity prices for Saturday, March 6
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 162.55 million Turkish liras
Spot market natural gas prices for Thursday, March 4
- 1,000 cubic meters of natural gas on spot market costs 1,272 Turkish liras
OPEC+ meeting highlights Saudi's leadership
- Group, except for Russia and Kazakhstan, will continue production cuts for April
Oil up as OPEC agrees roll over of output cuts in April
- Rising value of dollar also exerts downward pressure on oil prices which are indexed to US dollar
Turkey's daily power consumption down 0.74% on March 4
- Electricity exports amount to 12,296 megawatt-hours, while imports total 3,658 megawatt-hours
OPEC+ meets to discuss production quota after March
- Group is currently imposing 8.05 million bpd output cuts, including 1 million bpd of additional cuts from Saudi Arabia
Oil up as OPEC+ expected to keep output cuts unchanged
- Prices soar despite highest-ever increase in US crude oil inventories since 1982
US oil inventories mark largest weekly rise since 1982
- Commercial crude oil stocks rise by massive 21.6 million barrels, smashing market expectation of 1.9 million-barrel draw
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Oil prices up with more optimistic demand outlook
- Price rise comes despite build of 7.4 million barrels in US crude inventory relative to forecast of 1.9 million-barrel fall
Oil slips ahead of OPEC+ meeting on Thursday
-Concerns over OPEC+ output increases and uncertainty over oil demand recovery still weigh on oil prices
Oil prices up with US relief bill, 3rd vaccine approval
- Geopolitical risks continue weighing on oil prices after Saudi-Yemen tension and US attack on Iranian positions in Syria
Spot market electricity prices for Sunday, Feb. 28
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 139.83 million Turkish liras
Spot market natural gas prices for Friday, Feb. 26
- 1,000 cubic meters of natural gas on spot market costs 1,247 Turkish liras
Turkey's daily power consumption down 2.4% on Feb. 26
- Electricity exports amount to 14,385 megawatt-hours, while imports total 703 megawatt-hours
US oil rig count rises by 4 for week ending Feb. 26
- This marks drop of 369 in number of US oil rigs compared to one year ago
Efficiency rules to curb marine bunker oil demand by '30
- Use of marine LNG is expected to grow steadily by 2030, new Wood Mackenzie report says
26.02.2021
Oil
Turkey's energy import bill down 35.8% in January 2021
- Last month, overall energy imports fall due to rise in country's domestic and renewable energy production
Oil prices fall as dollar appreciates
- Recent high oil prices encourage greater production to exert downward price pressure
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Europe needs to build more wind farms for climate goals
- WindEurope expects Europe to build 105 GW of new wind farms over next 5 years, over 70% of which will be onshore
Iberdrola makes record €9.24 bln. investments in 2020
- Iberdrola reaffirms target to double installed renewable capacity to 60 gigawatts by 2025 and 95 gigawatts by 2030
Turkey's oil imports down 22.3% in December 2020
- Output of oil refinery products decreases by 0.7% to 2.83 million tonnes in December 2020
US crude oil inventories rise for week ending Feb. 19
- Commercial crude oil stocks increase by 1.3 million barrels, against market expectation of 5.3 million-barrel draw
Oil prices up over Fed’s lower interest rates
- Price rises come despite 1.3 million-barrel build in US crude inventories
Oil down as Texas refineries curb demand, US stocks rise
- US crude oil inventories are forecast to rise by over 1.03 million barrels, API figures show
Oil prices up over slow output return in Texas
- Hopes for yet-to-be-approved US stimulus package also boosts oil prices
Oil up as market stabilizes with end to US cold snap
- Hopes over higher US stimulus deal also support oil prices
Spot market electricity prices for Monday, Feb. 22
- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 167.50 million Turkish liras