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Oil prices up with China demand hopes

- China calls for more active budget and moderately loose monetary policy for next year

11:01 Oil

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

Türkiye sets new record for total crude oil production in November

- Aligning with national energy and mining policies, Türkiye shifts focus to previously unexplored regions for oil, says Turkish energy minister

10.12.2024 General

Oil up with geopolitical upset in Middle East

- China's exports slow in November, amid expectation that US President-elect Trump will increase tariffs when he takes office in January

10.12.2024 Oil

Oil prices edge up over uncertainty in Middle East

- Decisions from major oil producer countries increase demand concerns, limiting upward movements

09.12.2024 Oil

US oil rig count up by 5 for week ending Dec. 6

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

07.12.2024 Oil

OPEC+'s decision to keep production cuts push weekly prices down

- Oil cartel's decision and slowdown in world's two biggest economies help Brent prices around $70

06.12.2024 Oil

Oil prices drop following OPEC+ extension of supply cuts

- Macroeconomic data released in US signals slowdown in economic growth, further influencing downward price movements

06.12.2024 Oil

OPEC+ extends oil output cut until end of 2026

- Additional voluntary output cut of 2.2 million barrels per day to be gradually eased from April 2025

05.12.2024 Oil

Oil drops amid demand concern and economic slowdown in China and US

- Rising expectations that the US Federal Reserve (Fed) might cut interest rates this month limits further price falls

05.12.2024 Oil

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Equinor, Shell join to form independent oil and gas company in UK

- New company expected to produce over 140,000 barrels of oil equivalent per day in 2025

05.12.2024 Natural Gas Oil Energy Diplomacy

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

Oil up over Middle East tension, OPEC+ supply plan

- Unexpected build in US commercial crude oil inventories limits upward price movements

04.12.2024 Oil

Oil up with demand outlook, Fed rate cut prospect

- Tension heightens in the Middle East as Israeli army continues to attack targets despite cease-fire agreement

03.12.2024 Oil

Nigerian authorities seize 1.2M liters of stolen oil

- 17 oil smugglers arrested and 20 boats used in smuggling operations also seized, says official

02.12.2024 Oil

Oil prices edge higher on Chinese demand optimism, Middle East tension

- Strengthening dollar caps restraining crude oil gains

02.12.2024 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

Oil prices set for weekly fall following cease-fire reached between Israel and Lebanon

- Prospect of lasting cease-fire in wider region helps drive price declines by easing supply concerns among market participants

29.11.2024 Oil

Oil up with threat of intense warfare in Mideast, weaker dollar

- Israeli army has instruction to prepare for a violent war in case of a serious violation of cease-fire agreement, Israeli premier says

29.11.2024 Oil

Oil prices down following stronger US dollar, Mideast cease-fire

- Anticipation of lasting cease-fire in Middle East, home to significant portion of global oil reserves, contributes to recent price declines

28.11.2024 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 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

Türkiye's oil imports up 11.08% in February 2024

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