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US energy agency lowers crude oil price forecasts for 2025

- International benchmark Brent crude estimated to average $73.58 per barrel next year

10:23 Oil

Biden concludes Angola visit with focus on railway corridor, regional unity

- African leaders join US president in endorsing transformative railway project that challenges Chinese influence in Africa

05.12.2024 General

US crude oil inventories down 1.2% for week ending Nov. 29

- Daily crude oil production increases to around 13.96 million barrels per day

05.12.2024 Oil

US oil rig count down by 2 for week ending Nov. 29

- Number of US oil rigs fall by 28 compared to one year ago

30.11.2024 Oil

US crude oil inventories down 0.4% for week ending Nov. 22

- Daily crude oil production increases to around 13.9 million barrels per day

28.11.2024 Oil

'Türkiye key to EU’s strength in Trump’s 2nd term'

- Europe needs new energy and trade strategies, says chairman of European Turkish Trade and Investment Council

27.11.2024 General

US oil rig count up by 1 for week ending Nov. 22

- Number of US oil rigs fall by 21 compared to one year ago

23.11.2024 Oil

US crude oil inventories up 0.1% for week ending Nov. 15

- Daily crude oil production falls to around 13.64 million barrels per day

21.11.2024 Oil

Chris Wright nominated for US energy secretary in Trump administration

- Wright to also join newly established Council of National Energy to enhance American energy independence, innovation

18.11.2024 General

Oil prices down as supply fears ease

- Reports from IEA and EIA highlight rising global oil production and possibility of oversupply, alleviating market concerns

15.11.2024 Oil

home > related news

US energy agency increases crude oil price forecasts for 2024, 2025

- EIA estimates international benchmark Brent crude to average $80.95 per barrel in 2024 and $77 in 2025

14.11.2024 Oil

US set to triple nuclear power goal by 2050

- US plans to triple its nuclear power capacity to strengthen energy security, accelerate economic growth and increase global competitiveness

13.11.2024 Nuclear

Bitcoin nears $90,000 level, hits record levels

- Price of largest cryptocurrency sees low of $80,800 and high of $89,900 over last 24 hours

12.11.2024 General

Trump selects former Republican lawmaker to lead US Environmental Protection Agency

- Lee Zeldin 'will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses,' says incoming president

12.11.2024 General

US oil rig count remains unchanged for week ending Nov. 8

- Number of US oil rigs down by 15 compared to one year ago

09.11.2024 Oil

US crude oil inventories up 0.5% for week ending Nov. 1

- Daily crude oil production falls to around 13.92 million barrels per day

07.11.2024 Oil

Trump thanks Americans for 'being elected 47th president'

- 'This is a magnificent victory for the American people that will allow us to make America great again,' says Republican presidential candidate

06.11.2024 General

US oil rig count remains unchanged for week ending Nov. 1

- Number of US oil rigs fall by 33 compared to one year ago

02.11.2024 Oil

Oil prices up with possibility of Iran preparing to attack Israel

- News story claims Iran may retaliate with numerous unmanned aerial vehicles and ballistic missiles from Iraqi territory before US Presidential elections on November 5

01.11.2024 Oil

US crude oil inventories down 0.1% for week ending Oct. 25

- Daily crude oil production rises to around 13.94 million barrels per day

31.10.2024 Oil

Meta seeks advice from nuclear power developers to help meet its AI goals

US set to triple nuclear power goal by 2050

Farmers should not foot bill for climate change or green transition: Hungarian premier

In a first, Japan retrieves tiny amount of melted fuel from crippled Fukushima nuclear plant

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

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

Türkiye's daily power consumption down 4% on Nov. 9

Türkiye's daily power consumption down 5.36% on Nov. 2

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

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

Türkiye to increase capacity of gas storage facility in Istanbul to 5.6 bcm, says energy minister

Türkiye's LPG production down 27% in September 2024

Turkish President Erdogan announces LNG supply deal with Oman

Türkiye's gas hub plan highlights role in global energy: Russian official

TotalEnergies and China's Sinopec sign multiyear LNG supply agreement

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

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

Germany's Enercon and partners to install 2,500 MW of onshore wind in Türkiye

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

Türkiye’s wind energy industry has potential to reach $8B in 2035

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

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

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

Global renewables jobs reach 16.2 million in 2023 with highest yearly rise

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

$41bn to be invested in green hydrogen and renewable energy in Egypt over 10 years

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

Türkiye requires new investments for development of geothermal sector

Spot market electricity prices for Monday, Dec. 9

Türkiye's daily power consumption down 5.6% on Dec. 7

Qatar to invest over $1.2B in climate technology in UK

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

European bank invests $2.3B in Türkiye in 2024 so far

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 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

Vitol to invest $550 million in clean cooking technologies in Africa

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

Türkiye's LPG production down 6.3% in October

Israel continues "unlawful" approach to Palestinian natural resources

EU adopts 14th package of Russia sanctions

Suez Canal revenue drops 50% amid Red Sea tensions: Egyptian President