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Spot market natural gas prices for Tuesday, Oct. 19
- 1,000 cubic meters of natural gas on spot market costs 3,418 Turkish liras
Oil down on build of US crude stocks, China's effort to ease coal crunch
- Oil becomes more desirable for power ahead of winter heating season, triggering demand concerns and outstripping supply
Europe's gas storage levels fall by over 20% in Jan-Sept.
- Country with most gas in its storage is Italy with 17.6 billion cubic meters, according to official data
Spot market natural gas prices for Monday, Oct. 18
- 1,000 cubic meters of natural gas on spot market costs 3,361 Turkish liras
Set up of EU strategic gas reserve will not solve current energy crisis, experts say
- EU leaders are due to discuss options to mitigate effects of energy crisis in upcoming summit on Oct. 21-22
Greater demand ahead of winter drives oil prices up amid energy crunch
- Oil, much in demand as alternative fuel to costly coal, gas, is triggering demand concerns and outstripping supply
Around 22% of European and 31% of US gas plants run at loss
- Utilities risk losing billions as surging fuel prices compound problems facing gas industry, report says
Gazprom's gas exports increase over 13% between Jan. 1 and Oct. 15
- Company's exports to Turkey increase by 125.3%, according to latest data
Spot market natural gas prices for Sunday, Oct. 17
- 1,000 cubic meters of natural gas on spot market costs 3,183 Turkish liras
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Oil prices up on continuation of energy crunch, demand recovery
- Easing restrictions around world could boost fuel consumption
US oil rig count up by 12 for week ending Oct. 15
- Number of US oil rigs rise by 240 compared to one year ago
Oil up over 1% from rising demand for week ending Oct. 15
- Although US crude oil stocks record surprise build, oil prices continue upward movement amid global energy crisis
Spot market natural gas prices for Thursday, Oct. 14
- 1,000 cubic meters of natural gas on spot market costs 2,982 Turkish liras
Subsea 7-Schlumberger consortium wins major contract offshore Turkey
- Project management/engineering for Sakarya gas field development will be managed from Subsea 7 office in Istanbul, Turkey
Oil up as industries continue favoring cheaper oil for power generation
- Unexpected rise in US crude oil stocks was not enough to cool down upswing in oil prices
US crude oil inventories up 1.4% for week ending Oct. 8
- Commercial crude oil stocks increase by 6.1 million barrels, higher than market expectation of 140,000-barrel rise
Turkey signs new gas supply deal with Azerbaijan: Energy Minister
- Turkey makes progress in securing additional natural gas supplies ahead of anticipated increase in winter, says Minister
Spot market natural gas prices for Wednesday, Oct. 13
- 1,000 cubic meters of natural gas on spot market costs 3,103 Turkish liras
IEA 2021/2022 oil demand forecast up from global switch to oil from coal, gas
- Supply crunch is impacting power generation plants, fertilizer producers, manufacturing operations and refineries, says IEA
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Oil prices up as declining US fuel stocks signal rising demand
- Crude demand and prices rise as power generators switch from natural gas to oil
EU unveils "toolbox" to tackle sharp spike in energy prices
- Toolbox presented Wednesday allows for coordinated response to protect those most at risk, the Commission says
OPEC revises down 2021 global oil demand, keeps it unchanged for 2022
- Crude output rises mainly in Nigeria, Saudi Arabia, but decreases in Venezuela, Libya, says OPEC
Turkey ready to cope with greater energy demand in winter
- Long-term natural gas contracts will help Turkey meet its increasing energy demand, says Donmez
Weather dynamics key for gas demand: WoodMac
- High gas prices put pressure on demand, encourage use of coal in power, and curtail some energy-intensive industrial demand, says expert
Oil prices down as rising commodity prices boost inflation concerns
- Strong dollar which renders dollar-indexed crude oil more expensive for buyers also discourages investors
Spot market natural gas prices for Monday, Oct. 11
- 1,000 cubic meters of natural gas on spot market costs 3,123 Turkish liras
Oil prices mixed as supply-induced uncertainties continue
- Faster oil demand recovery, supply lagging behind demand, and energy crisis from supply chain disruptions push energy prices up
Lebanon says consortium remains committed to exploration deal
- Deal signed in 2018 covers offshore Blocks 4 and 9