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Oil giants' profits decline 16% in 2024

- In total, companies' combined net profits drop from approximately $259.2 billion in 2023 to $217.65 billion last year

21.03.2025 Oil

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

Rystad predicts growth in Europe’s solar power generation in 2024

Rystad Energy forecasts continued strong renewable additions in 2024, with solar leading growth for first time in capacity and generation

05.02.2024 Wind Solar

With new member Brazil, OPEC+ eyes increased market share, prices

- During their latest ministerial meeting on Thursday, group not only endorses its previous production cuts but also adds voluntary cuts from several members

02.12.2023 Oil Upstream Regulation International Organization

Saudi Arabia's supply decision at OPEC+ meeting to set direction for oil prices: experts

- Producers of 23-member OPEC+ group, led by Saudi Arabia and Russia, will convene on Sunday in Vienna to review market conditions and production policy for next year

22.11.2023 Oil

OPEC+ could keep current output level based on tight market situation: Rystad

-23-member group of oil-producing countries will convene on Sunday to decide next production policy

01.06.2023 Oil International Organization World

OPEC+ output cut may push Brent oil price to $110 per barrel: experts

- Oil majors' recent output decision aims to keep prices at around $80 a barrel, says Kpler’s Matt Stanley

04.04.2023 Oil International Relations International Organization World

Approx. 1.1M barrels per day of Russian oil at risk of not finding buyers due to sanctions

- Sanctions on Russian oil may hurt Europe more, while some of Russia’s crude and refined products may be jeopardized in 2023, experts say

03.12.2022 Oil Eurasia

Power prices in Europe reach record highs in August

- Average spot price for August in Italy hits €547, exceeding monthly average of €500 per megawatt hour for first time

01.09.2022 Electricity Natural Gas Europe

OPEC ends reliance on International Energy Agency data

- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect

31.03.2022 Oil International Relations International Organization World

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Oil prices extend rises on supply woes from talks of Russian oil ban

- US President Joe Biden is due to participate in a series of meetings in Brussels, which could include EU oil export ban on Russia

23.03.2022 Oil World

US move to sell emergency oil from reserves may trigger new type of price war

- With view to reduce rising fuel prices, US vows to tap emergency oil reserves, a move supported by China, India, Japan, South Korea and UK

26.11.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

Electric vehicles' global market share projected to reach 29% by 2025

- Covid-19 relief packages resulted in new policy support for EVs, making them more affordable compared to ICEs, expert says

21.10.2021 Electricity World

Big Oil's proven reserves to run out in less than 15 years

-Slumping discovery rates to threaten financing of big oil companies’ energy transition plans, says energy consultancy Rystad

06.05.2021 Oil International Organization News from companies World

Global offshore wind capacity to grow 37% in 2021

- This year, China will contribute 63% of expected growth and lead new capacity additions

04.02.2021 Wind

Iran to uphold right to regain lost oil market share

- New US Administration could alleviate economic sanctions on Iran but this would require strict nuclear deal compliance

08.01.2021 Oil World Europe Eurasia Asia Americas Middle East-Africa

More oil needed to meet demand through 2050

- Addition of over 313 billion barrels of oil are needed to meet global demand over next 30 years, says Rystad Energy

10.12.2020 Oil International Organization World

Oil, gas discoveries resilient in 2020 despite pandemic

- In discovery volumes, Russia’s Gazprom leads with total discovery of 1.51 billion barrels of oil equiv.: Rystad Energy

17.11.2020 Natural Gas Oil International Organization Energy Projects

Valeura: Oil, gas output in Thrace region to continue

- Economic activity in Turkey is beginning to slow, but falling demand is imposing minimal gas output reductions, firm says

14.04.2020 Upstream Energy Security Türkiye

Global oil demand forecast to fall 4.9% in 2020: Rystad

- Month of April to take biggest hit as global oil demand estimated to fall by 16%

26.03.2020 Downstream Energy Security Asia

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$US fracking declines 25 percent in second half of 2018$

Global electricity generation from renewables and nuclear surpasses 41% in 2024

Vilnius unveils emergency evacuation plan amid military and nuclear threat concerns

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

Heads of Russian, UN nuclear watchdogs start meeting in Moscow

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

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

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

Türkiye's LPG production down 4.2% in January

Utilisation of EU LNG terminal plunges to 42% in 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

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 wind power capacity sees record growth in 2024

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

Türkiye showcases its wind energy potential at WindEurope 2025 in Copenhagen

Türkiye's wind energy sector poised for steady growth: head of Turkish Wind Energy Assoc.

Türkiye's daily solar power generation hits highest level of year

China set to surpass 50% of global solar capacity in 2025

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

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

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

Türkiye leads Europe with highest rise in hydropower capacity last year

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 Tuesday, May 20

Aramco posts 4.8% drop in Q1 net income amid lower oil prices

Türkiye's energy bill burden to ease with declining oil prices: Experts

Oil prices rise amid US trade policies, Trump's criticism of Fed

US oil rig count up by 1 for week ending April 17

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

UK vows energy cooperation with US despite climate policy rift: Energy minister

Türkiye's wind, solar energy share in installed electricity capacity reaches 30% in Q125

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

Global leaders of energy sector to convene at İstanbul Energy Forum

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