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Oil to remain dominant in global energy mix by 2050: OPEC

- Global primary energy demand projected to rise 23% by 2050, reaching 378 million barrels of oil equivalent per day

10.07.2025 Oil

US energy agency revises up Brent price forecast for 2025

- International benchmark Brent crude estimated to average $68.89 per barrel

09.07.2025 Oil

Oil prices fall amid US tariff moves, OPEC+ output decision

- Eight key members of OPEC+ announced joint decision to boost production

08.07.2025 Oil

OPEC+'s 8 members to increase output by 548,000 bpd in August

- Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman to raise production as part of gradual rollback of earlier voluntary cuts, OPEC statement says

05.07.2025 Oil

Saudi Arabia, Indonesia sign deals worth around $27B

- Agreements span clean energy, petrochemical industries and aviation fuel services

03.07.2025 General

Oil prices fall on OPEC+ output hike bets, US tariff concerns

- Market sentiment shifts as supply expectations rise and US trade tensions fuel demand concerns

01.07.2025 Oil

Russia condemns 'unprovoked' Israeli, US bombing of Iranian nuclear sites

- 'Washington, yet again, demonstrated its complete contempt for the position of the international community,' Vassily Nebenzia tells UN Security Council

23.06.2025 General

Russia, Kazakhstan agree on nuclear power plant roadmap

- Russian atomic energy corporation Rosatom to lead international consortium tasked with building a large-capacity nuclear power plant

20.06.2025 Electricity

Russia says strike on Iran's Bushehr plant may lead to 'catastrophe comparable to Chernobyl'

- Such a strike would be 'beyond line between good and evil,' says Rosatom head, adds state corporation monitoring situation at Bushehr plant, safety of Russian specialists

20.06.2025 General

UK unveils new set of sanctions targeting Russia’s oil, military, financial networks

- Among most high-profile targets are 20 oil tankers linked to what has been referred to as Russian President Putin’s 'shadow fleet'

18.06.2025 General

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EU proposes banning LNG gas imports from Russia by end of 2027

- 'This will help the EU become more energy independent, improve the security of the energy supply, and boost the Union's energy independence and competitiveness,' says EU Commission

17.06.2025 Natural Gas

OPEC daily crude output up 0.7% in May

- Global oil demand growth forecast for 2025 remains unchanged at 1.29 million barrels per day

16.06.2025 Oil

Russia claims it struck oil refinery in Poltava region in overnight attack

- Defense Ministry claims hitting oil refinery in industrial city of Kremenchuk, alleging it supplied fuel to Ukrainian forces in Donbas region

16.06.2025 General

OPEC urges caution amid Mideast tensions

- Group affirms there are currently no developments in supply or market dynamics that warrant unnecessary measures

13.06.2025 Oil

Japan resumes Russian crude oil imports after over 2-year hiatus: Report

- Sanctioned vessel, Voyager, delivered crude to Taiyo Oil refinery on June 8

12.06.2025 Oil

Russia's budget posts $43.2B deficit amid falling oil prices

- Russia's budget revenues up 3.1%, while expenditures soared 20.8% year-on-year this January to May

11.06.2025 General

EU proposes new sanctions on Russia over Ukraine war

- New measures include lowering Russian oil cap, banning refined oil imports, restricting banks and blacklisting vessels

11.06.2025 General

OPEC+ members agree to 411,000 output rise in July

- Eight OPEC+ nations will boost oil production by 411,000 barrels per day (bpd) in July, compared to June levels, as part of plan to gradually unwind voluntary output cuts

31.05.2025 Oil

Oil prices slip ahead of OPEC+ meeting amid oversupply concerns

- Oil prices edge lower as markets brace for potential supply boost from upcoming OPEC+ decision

27.05.2025 Oil

Saudi Arabia and Kuwait announce new oil discovery in Partitioned Zone

- Wara reservoir in North Wafra (Wara-Burgan-1) well shows production rate exceeding 500 barrels per day

26.05.2025 Oil

US ready to fund viable nuclear energy projects in Türkiye, official says

Türkiye's Akkuyu nuclear plant attracts investor interest as energy production nears

Akkuyu Nuclear says commissioning underway for 1st reactor unit

International Atomic Energy Agency ready to 'accompany' African countries on nuclear journey

Türkiye says power system strong amid European blackout

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

Türkiye says power system strong amid European blackout

Global carbon emission storage facilities double in 5 years

Trump seeks to revive coal industry and reverse long-term decline with new orders

Highlights of Türkiye's energy market in 2024

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

Spot market natural gas prices for Thursday, April 17

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

Türkiye's LPG production up 10.1% in April

European energy markets face volatility in 2H25 amid tight LNG supply

Global LNG exports rise 3.1% in 1st quarter on soaring EU demand

Cold winter drives gas price spikes, LNG inflows to Europe: Oxford

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 8 for week ending May 23

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 oil rig count down by 9 for week ending April 11

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

Global offshore wind capacity hits 83 GW, powering 73 million homes

Türkiye's installed wind power capacity soars 177% in decade

Global wind power capacity sees record growth in 2024

Solar and wind permanently overtakes domestic coal in Türkiye's power generation

Candidate region selected for Türkiye's first YEKA floating solar power plant

Norwegian firm Scatec secures financial close for 1GW solar-battery project in Egypt

Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

Chile launches largest solar plant with battery storage in Latin America

Türkiye leads Europe with highest rise in hydropower capacity

Hydropower's role expands amid soaring global electricity demand

China set to build world's largest dam in Tibet

TotalEnergies expands renewables portfolio with hydropower deals across Africa

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 Thursday, July 10

Global wholesale gas prices average $4.88 per MMBtu in 2024

Türkiye's daily power consumption up 4% on June 24

Global renewable energy capacity surges 377% over past decade

Oil down with Fed inflation forecast, easing geopolitical tensions

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

Global offshore wind capacity hits 83 GW, powering 73 million homes

Global energy transition requires $21.4T investment in power grids by 2050

Global renewable energy capacity surges 377% over past decade

Chinese JTPV, Turkish Schmid Pekintas to build 5 GW solar cell factory in Türkiye

Türkiye's LPG production up 12.4% in March

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

EU gas imports to fall 25% by 2030 as bloc exceeds demand reduction targets

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

Turkmen natural gas set to reach Türkiye on March 1