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Oil prices disappoint investors expecting a price hike in 2024

- Brent oil starts 2024 at elevated levels amid Middle East conflicts, ends year with a decline of around 3.6%, weighed down by mounting economic concerns

07.01.2025 Oil

Oil prices to float below $80 in short-term on declining demand

- Oil prices end the week at $78.30, up 2.1%, signaling a recovery trend, although they remain below $80 mark

24.08.2024 Oil

Oil up during week ending Aug. 9 amid weak US employment data, call for Middle East cease-fire

-Rising signals of rate cut from US Federal Reserve trigger price rises

09.08.2024 Oil

Oil prices fall on cease-fire hopes in Gaza

- Uncertainties over when US Federal Reserve (Fed) will start interest rate cuts continue to influence oil prices

29.04.2024 Oil Finance General

Growing hostilities in Middle East could cause significant volatility in oil market

-Prices likely to remain elevated over short term until winding down of tensions, according to experts

20.04.2024 Oil

Gas prices in Europe up 7.5% as Middle East tensions rise

Natural gas prices surge to $35.62 per megawatt-hour on Tuesday, closing higher than Monday amid rising Israel-Iran tensions

17.04.2024 Natural Gas

Russia’s non-oil and gas revenues up 16% in 2023

- Share of non-oil and gas revenues in Russia’s consolidated budget rises 5% year on year in 2023, says head of Russian Federal Tax Service

20.03.2024 General

Russia's oil revenues increase in August owing to rising prices

- Country exported 100,000 bpd less oil in August, but made $1.8B more than in July

17.09.2023 Oil World

MENA doubles renewables but still needs more to replace oil and gas

- Region's renewable energy installed capacity increased to 19 gigawatts, yet 500 gigawatts more is needed to supplant gas and oil power plants

11.09.2023 Natural Gas Oil Renewable Middle East-Africa

Russian oil and gas revenues down 41.4% in Jan-July 2023

- Oil and natural gas revenues decline to 4.2 trillion rubles with lower oil and gas prices

10.08.2023 Oil World

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Russian oil revenues drop in June, posting lowest level since January 2021: IEA

- Russian crude export prices increase by $0.70 from May to $55.62 a barrel, still below G7 price cap, according to International Energy Agency

13.07.2023 Oil World

Global economic recovery endures but road getting rocky: IMF

- Gradual recovery remains on track for globe, says agency

12.04.2023 Energy Diplomacy General

Saudi Arabia pledges $2.5B to Middle East green initiative

- Middle East Green Initiative aims to reduce regional carbon emissions

08.11.2022 Finance Middle East-Africa

EU's crude imports from Middle East, Africa up as deadline to phase-out Russian oil nears

- Russia's share in European Union's total oil imports, 40% before war in Ukraine, falls to 25% in 7th month of war

29.08.2022 Oil Europe

IMF again cuts US growth forecast to 2.3% for 2022

- Rapid demand recovery, rising energy prices, global supply disruptions led to acceleration in inflation, IMF says

14.07.2022 Finance Americas General

Chevron posts $6.3 billion earnings for 1Q22

- Total revenues and other income of Chevron reach $54.37 billion for first quarter

02.05.2022 Natural Gas Oil Projects Invesments Americas

UAE, IRENA launch $1B Global Finance Platform to accelerate clean energy

- UAE commits $400M in funding through Abu Dhabi Fund for Development towards goal of securing minimum $1B in total funding

03.11.2021 Finance Renewable Middle East-Africa

Fitch revises up Turkey's growth forecast to 9.2% this year

- Growth in 2021 likely to be highest in almost one decade, agency says

17.09.2021 Finance World Türkiye

Oil down over 3% due to demand fears in week ending August 6

- Investors focus on Chinese oil demand drop, bearish US economic data, and increasing OPEC+ oil production during week

06.08.2021 Oil World

IMF revises down Saudi economic growth to 2.1% for 2021

- Budget deficit widened to 11.3% of GDP in 2020 as oil revenues fell and expenditure needs increased

04.05.2021 Oil Stock Market Energy Diplomacy Energy Projects Middle East-Africa

Russia, Ukraine accuse each other of disrupting IAEA rotation at Zaporizhzhia plant

Heads of Russian, UN nuclear watchdogs start meeting in Moscow

Hungary inks deal with UK to develop small modular nuclear reactors

Iran warns US, Israel of forceful response if its nuclear sites targeted

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

Spot market electricity prices for Saturday, April 15

Highlights of Türkiye's energy market in 2024

Global coal demand peaks in 2024, to plateau until 2027: IEA

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Türkiye's natural gas imports up 17.7% in October

Costs double as oil and gas discoveries decline in global markets

Global gas production to increase by around 32% by 2050

Spot market natural gas prices for Friday, Dec. 29

Utilisation of EU LNG terminal plunges to 42% in 2024

Europe LNG imports hit 3-year low in 2024: Report

Surge in global LNG demand boosts LNG carrier orders in 2024

Türkiye's LPG production up 12.3% in November 2024

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

US crude oil inventories down 1% for week ending Dec. 8

US oil rig count up for week ending Dec. 8

US oil rig count down by 6 for week ending June 28

Oil dives as weak US inflation data dashes hopes for interest rate cuts

Oil rebounds over US plans to refill emergency stockpiles

US crude oil inventories down 1% for week ending Dec. 1

Oil giants' profits slide 15.1% to $182.1 billion in January-September

Oil prices up on expectations of supply delay from OPEC+, recession fears in US

Oil prices rise in week ending Aug.30 amid falling US inventories

US oil rig count down by 2 for week ending Aug 16

Strong winds force closure of Egypt’s Hurghada, El-Arish ports

Türkiye ranks 3rd in Europe for onshore wind energy capacity increase

Europe's wind energy capacity increases by 16.4 GW in 2024

Türkiye to install 1 GW wind energy capacity in 2025

Türkiye's installed solar power capacity exceeds 20,000 MW

Türkiye awards six contracts for 800 MW solar projects

European Invest. Bank to loan €1B for Spain's solar, wind energy projects

Türkiye's solar power soars to record heights in 2024: Ember

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

Türkiye leads Europe with highest rise in hydropower capacity last year

Hydro provides majority of Norway's power in January

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Türkiye sets new record for daily power consumption with 1.34% increase on July 9

Spot market electricity prices for Sunday, March 16

US oil rig count up by 1 for week ending March 14

Türkiye's daily power consumption up 0.03% on March 12

Syria, Saudi energy company discuss cooperation in agricultural sector

OPEC daily crude output up 0.6% in February

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

Türkiye's renewable share in electricity capacity rises to 60%

Global leaders of energy sector to convene at İstanbul Energy Forum

UN weather agency says 2024 on track to be warmest year on record

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

Türkiye's LPG production down 4.3% in December 2024

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Türkiye's LPG production up 6.69% in November 2023

Former Lithuanian FM warns Russia's shadow fleet threatens EU security

Turkmen natural gas set to reach Türkiye on March 1

Turkmen gas agreement boosts Türkiye's role in regional energy trade: Experts