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Brent oil prices rise despite surging dollar value
- Unusual upward movement of Brent and US dollar in tandem as investors see latter as safer investment, says Energy Info. Admin.
Spot market natural gas prices for Monday, May 16
- 1,000 cubic meters of natural gas on spot market costs 11,903.55 Turkish liras
Southeast Asia needs $190B a year by 2030 to meet climate goals
- IEA says major efforts required, including from international financing, to boost energy efficiency, renewable power and low emissions fuels
Oil down as EU fails to agree on banning Russian oil exports
- Weak Chinese economic data also exerts downward pressure on prices
Spot market natural gas prices for Sunday, May 15
- 1,000 cubic meters of natural gas on spot market costs 11,874 Turkish liras
Turkiye's fourth drilling ship to arrive at Tasucu Port in Mersin on May 19
- After two-month stint in Mersin, the ship will be put to work in Eastern Mediterranean Sea
Oil down over lagging EU ban on Russian oil exports
- Demand concerns in China, as country tightens its zero-COVID policy are putting downward pressure on prices
Spot market electricity prices for Monday, May 16
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.13 billion Turkish liras
Spot market natural gas prices for Saturday, May 14
- 1,000 cubic meters of natural gas on spot market costs 11,863.54 Turkish liras
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Spot market natural gas prices for Friday, May 13
- 1,000 cubic meters of natural gas on spot market costs 11,518.94 Turkish liras
Spot market electricity prices for Sunday, May 15
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 978.77 million Turkish liras
Turkiye's daily power consumption up 1.90% on May 13
- Electricity exports amount to 11,791 megawatt-hours and imports total 14,648 megawatt-hours
US oil rig count up by 6 for week ending May 13
- Number of US oil rigs rises by 211 compared to one year ago
Oil prices battle supply concerns, recession fears in week ending May 13
- Oil starts week low as China fights COVID-19 leading to lower demand but ends higher as EU focuses on finalizing proposed ban on Russian crude
Spot market natural gas prices for Thursday, May 12
- 1,000 cubic meters of natural gas on spot market costs 11,882.46 Turkish liras
Metal prices to increase with growing demand in coming years: World Bank
- Demand for metals for renewable energy infrastructure and electric vehicles likely to increase in near future, pushing metal prices up
Supply fears from pending EU crude ban push oil prices higher
- Drop in global oil supply fuels concerns of scarce production, driving prices higher
Russia's Gazprom will no longer use Polish section of Yamal-Europe gas pipeline
- Yamal-Europe gas pipeline has annual capacity of 33 billion cubic meters
EU ban on Russia could affect 3M barrels crude per day: Fitch
- Russia’s total production projected to decline by 2-3M barrels per day by end-2022, says global rating agency
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Spot market natural gas prices for Wednesday, May 11
- 1,000 cubic meters of natural gas on spot market costs 11,869.81 Turkish liras
OPEC revises down oil demand forecast for 2022
- Downward demand growth revisions take account of economic forecasts and other developments that could impact oil requirements, OPEC says
South Korean CS Wind set to open second wind tower factory in Turkiye
- Izmir and its surrounds becomes strategic hub for CS Wind's production, company CEO says
Global oil supply down in April with Russian supplies shut-in
- Demand to reach around 99.4 million barrels per day in 2022, marking year-on-year rise of 1.8 million barrels per day
US crude oil inventories up 2% for week ending May 6
- Commercial crude oil stocks increase by 8.5 million barrels, against market expectation of 457,000-barrel draw
Oil prices fall as global inflation rates solicit concern
- Ongoing Covid-19 lockdowns in China, world's top crude importer, continue to weigh on oil prices as demand for fuel drops
Naftogaz CEO refutes Gazprom claims of inability to change gas transit point
- Gazprom changed transit point in October 2020, says Natofaz top official
Spot market electricity prices for Thursday, May 12
- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.12 billion Turkish liras
Spot market natural gas prices for Tuesday, May 10
- 1,000 cubic meters of natural gas on spot market costs 11,848.065 Turkish liras