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Global oil prices to continue fluctuating amid multi-year highs: experts
- Recession & high inflation incite demand woes while Russia-Ukraine war, low supply and concerns over oil export resumption from Venezuela and Iran oil prompt supply fears
Oil up over persistent supply uncertainty
- Release of weaker-than-expected US preliminary manufacturing and service-sector sentiment data for June limits upward price movements
Experts warn of climate risks amid return to coal by some EU countries
- Reopening coal power plants in Europe 'not good for the economy' and energy independence of EU, experts warn
8% growth in global energy investment insufficient to tackle energy crisis: IEA
- Global energy investment to grow 8% in 2022 driven by renewables and energy efficiency
Oil down over Biden’s fuel tax relief pledge
- Biden says gasoline tax can save Americans up to $0.184 per gallon
Germany calls Russian gas supply cut an 'economic attack'
- Putin trying to create 'chaos' in European gas market, says German minister
Lebanon, Egypt, Syria sign gas flow deal on 'Arab Gas Pipeline'
- With Egyptian gas, Lebanese citizens will be able to provide electricity for four more hours per day
Oil up with persistent supply side risks
-Libya’s oil output falls to 100,000 barrels from average of 1.2 million barrels a day just last year, fueling supply concerns
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80% of Polish companies aware of environmental issues
- 18% of organizations have no plan to reduce their carbon footprint
ConocoPhillips joins as 3rd partner in Qatar's North Field East LNG expansion
- North Field East project will expand Qatar's LNG export capacity from current 77 million tons to 110 million tons per annum
Spot market electricity prices for Tuesday, June 21
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.55 billion Turkish liras
Germany turns to coal as Russia curtails natural gas shipments
- Gazprom reducing supply by 100 million cubic meters through Nord Stream pipeline from June 16
Israel-Egypt-EU deal temporary but Türkiye p/line offers long-term solution
- Europe needs as many alternative sources as possible, expert says
Oil up as supply fears overshadow global recession woes
- Libya's crude oil production drops to less than 200,000 barrels per day amid ongoing shutdown of ports and facilities
EU foreign ministers to discuss food, energy security in Brussels
- Bloc evaluating various options, including Belarus, Black Sea for export of millions of tons of wheat amid Russia-Ukraine war
TurkStream pipeline to undergo maintenance
- Suspension of gas flow - due to maintenance- agreed by all parties in advance
Spot market electricity prices for Sunday, June 19
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 872.87 million Turkish liras
Spot market natural gas prices for Friday, June 17
- 1,000 cubic meters of natural gas on spot market costs 12,993.37 Turkish liras
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Türkiye's daily power consumption down 0.22% on June 17
- Electricity exports amount to 7,285 megawatt-hours and imports total 15,274 megawatt-hours
US oil rig count up by 4 for week ending June 17
- Number of US oil rigs rise by 211 compared to one year ago
Oil prices tumble during week ending June 17
- Fading hopes on possible deal between Iran and US fan supply woes, limiting further losses
Finland exceeds EU’s 2020 energy efficiency targets
- Thanks to significant excess in savings, Finland achieves targets two years ahead of schedule
Oil down as multiple interest rate hikes raise demand woes
- Reports that US is placing new sanctions on Iran limited further losses
Germany urges consumers, industry to scale back gas consumption
- Natural gas shipments through Nord Stream pipeline drops by 40% due to technical problems
Türkiye plans $3 billion investment for electric cars, renewable energy
- Electric vehicle infrastructure to get third of investment with remaining funds going to renewables and distributed generation
Equinor to supply 1 bcm of additional gas to UK during winter
- Equinor, Centrica announce agreement to deliver additional Norwegian gas supplies to UK
Israel's EU, Egypt gas deal does not hamper Türkiye talks: expert
- Now, where do we agree, we can't agree, what are our interests? We must find answers, says retired Ambassador Harari