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US initial jobless claims fall lowest level in 3 weeks

- Trump says he wants direct payments to taxpayers increased to $2,000

home > World, Americas 24.12.2020 08:37 Övunç Kutlu

US initial jobless claims fall lowest level in 3 weeks

The number of Americans filing first-time unemployment claims fell 89,000 from last week to 803,000, marking its lowest level in three weeks, the Labor Department said Wednesday.

Analysts expected 885,000 claims for the week ending Dec. 19. The previous week's level was revised up 7,000 from 885,000 to 892,000.

The states of Colorado, Illinois and Virginia saw the highest rises in claims, while California, New York and Ohio posted major declines.

The world's largest economy lost 22 million jobs in March and April and has since been able to fill about half of those positions.

Congress agreed Monday on a $900 billion relief bill to stimulate the economy. Although the package came before Dec. 26 when millions of Americans were set to lose unemployment benefits, $600 individual checks for those without jobs were seen as a short measure.

But US President Donald Trump signaled he may not sign the agreement and asked that direct payments to taxpayers be increased to $2,000.

Major US indexes showed optimism before the markets opened at 9.30 a.m. EDT (1430 GMT) with the Dow Jones and the S&P 500 futures each up 0.2% and Nasdaq futures up 0.1%.

Near-zero interest rates and low borrowing costs in the US led investors to turn their attention to precious metals and cryptocurrencies, which have been fluctuating since Monday.

Before the opening bell on Wall Street, gold was up 0.4% at $1,868 and silver gained 1.4% to $25.5.

After Bitcoin passed the $20,000 historical threshold last Wednesday, the cryptocurrency was at $23,594 with a 0.5% gain.

Crude oil prices were up 0.2% for the day with international benchmark Brent trading slightly above the support level of $50.

By Ovunc Kutlu

Anadolu Agency

energy@aa.com.tr



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- Electricity exports amount to 11,982 megawatt-hours and imports total 14,709 megawatt-hours
13.05.2022 Electricity , Turkey , General

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
13.05.2022 Natural Gas , Turkey

South Korean CS Wind eyes offshore wind investment in Turkiye

- Company aims to produce 50 tower sections per week with help of new plant in Izmir
15.05.2022 Renewable , Wind , Invesments , Turkey , Asia

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
14.05.2022 Renewable , Invesments , Renewable , Europe , Asia

Supply fears from pending EU crude ban push oil prices higher

- Drop in global oil supply fuels concerns of scarce production, driving prices higher
14.05.2022 Oil , International Relations , Europe , Eurasia

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
14.05.2022 Natural Gas , Europe , Eurasia , General

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
13.05.2022 Oil , International Organization , World

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
12.05.2022 Natural Gas , Turkey

Spot market electricity prices for Friday, May 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.17 billion Turkish liras
12.05.2022 Electricity , Turkey

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
14.05.2022 Oil , World

Lukoil buys Shell’s retail and lubricants businesses in Russia

-Move is in line with Shell’s earlier announcement to withdraw from all businesses in Russia
12.05.2022 Oil , News from companies , World

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
13.05.2022 Renewable , Wind , Invesments , Turkey , Asia

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
13.05.2022 Oil , World

Turkiye's daily power consumption up 0.65% on May 11

- Electricity exports amount to 7,877 megawatt-hours and imports total 10,218 megawatt-hours
12.05.2022 Electricity , Turkey

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
12.05.2022 Oil , Americas

Oil and gas companies gamble on emission mitigation technologies

- Net zero targets are not enough for companies to be aligned with Paris, report warns
12.05.2022 Natural Gas , Oil , International Relations , Europe , Asia , Americas

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
12.05.2022 Oil , Europe , Asia , Americas

Naftogaz CEO refutes Gazprom claims of inability to change gas transit point

- Gazprom changed transit point in October 2020, says Natofaz top official
12.05.2022 Natural Gas , Energy Diplomacy , Europe , Eurasia , General

Spot market electricity prices for Thursday, May 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.12 billion Turkish liras
12.05.2022 Electricity , Turkey

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
12.05.2022 Natural Gas , Turkey

Cero Generation combines power and agriculture in new solar plant in Italy

- As an agrivoltaic plant, 65% of 135 hectares site will be used for agricultural crops
12.05.2022 Solar , Projects , Invesments , Europe

Russian gas transit to Europe via Sokhranivka falls 25%: Gazprom

- Natural gas supplies via Ukraine decline from 95.8 million cubic meters to 72 million cubic meters on Wednesday, Russian gas firm says
11.05.2022 Natural Gas , Europe , Eurasia

Vodafone to power UK operations with local solar farm

- Solar farms to supply more than 100 gigawatt-hours of renewable electricity annually
11.05.2022 Renewable , Solar , Projects , Invesments , Europe

Turkiye's fourth drillship to arrive on May 19

- "Cobalt Explorer" left South Korea on March 7
12.05.2022 Natural Gas , Finance , Turkey , General

Turkiye's daily power consumption up 2.95% on May 10

- Electricity exports amount to 8,893 megawatt-hours and imports total 11,553 megawatt-hours
11.05.2022 Electricity , Turkey

Oil up over supply uncertainties due to EU ban on Russian oil

- Limiting further upticks, US crude oil inventories are estimated to rise, signaling weak demand in world’s top consuming country
11.05.2022 Oil , World

EU's gas usage plans may result in further €250B in bill by 2030 due to high prices

- EU's new proposal to cut reliance on Russia's fossil fuels will only cut bills by €47 billion, showing need for stronger renewables target
11.05.2022 Natural Gas , International Relations , Europe

Renewables set to break new record in 2022 despite supply chain challenges

- Growth mainly driven by solar PV in China and Europe despite supply chain challenges, delays and high raw material costs
11.05.2022 Renewable , Wind , Solar , Invesments , Europe , Asia

Spot market natural gas prices for Monday, May 9

- 1,000 cubic meters of natural gas on spot market costs 11,844.11 Turkish liras
10.05.2022 Natural Gas , Turkey

Solar power to enter 'terawatt age' by May with record installations in 2021

- In 2022, global solar is forecast to continue its decade-long record-breaking streak, installing more than 200 GW of solar for first time
11.05.2022 Finance , Solar , Invesments , Europe

Spot market electricity prices for Wednesday, May 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.12 billion Turkish liras
10.05.2022 Electricity , Turkey

Gas prices drop as Russia says sanctions will not affect gas payments from Europe

- Alternative supplies via liquefied natural gas and warmer weather ease pressure on natural gas prices
11.05.2022 Natural Gas , International Relations , Europe , Eurasia

Japan announces phased-out exit from Russian oil

- Japan is fully dependent on imports for all energy sources, importing around 3% of its oil needs from Russia
11.05.2022 Oil , World , Asia

US to temporarily suspend tariffs on Ukrainian steel for 1 year

- Steel mills must be able to export to continue as economic lifeline for Ukrainian people, US commerce secretary says
11.05.2022 World , Europe , Americas

Oil prices fall with demand fears in China, strong dollar

- Stalled sanctions from objections of EU members who seek exemptions to ban on Russian oil exports limits upward price movement
11.05.2022 Oil , World

Turkiye's daily power consumption up 16.4% on May 9

- Electricity exports amount to 8,930 megawatt-hours and imports total 9,840 megawatt-hours
10.05.2022 Electricity , Turkey , General

Spot market natural gas prices for Sunday, May 8

- 1,000 cubic meters of natural gas on spot market costs 11,550.06 Turkish liras
09.05.2022 Natural Gas , Turkey

Spot market electricity prices for Tuesday, May 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 974.06 million Turkish liras
09.05.2022 Electricity , Turkey

Turkiye's licensed power generation up 5.6% in February

- Installed electricity capacity increases 2.8% in February compared to same month in 2021
10.05.2022 Electricity , Turkey

Turkiye's liquefied petroleum gas imports up 4.6% in February

- LPG production increases year on year by 44.2% to 85,679 tonnes, according to Turkiye's energy watchdog
10.05.2022 Lng/Lpg , Turkey

UK announces fresh trade sanctions against Russia

- 'We are determined to do our utmost to thwart Putin’s aims in Ukraine and undermine his illegal invasion', says Secretary of State for International Trade
10.05.2022 World , Eurasia

bp pens deal with UK firm to convert waste plastics into petrochemical feedstocks

- bp will initially receive output of Clean Planet Energy’s first facility, currently under construction in Teesside, northeast England
09.05.2022 News from companies , World , Europe

Turkiye's daily power consumption down 8.2% on May 8

- Electricity exports amount to 10,950 megawatt-hours and imports total 11,475 megawatt-hours
09.05.2022 Electricity , Turkey

Oil settles lower on blurry supply outlook ahead of plan to ban Russian oil

-China's pandemic restrictions, Saudi Arabia's decision to sell oil prices lower for Asian and European clients contribute to demand woes
10.05.2022 Oil , World , Europe

Turkiye's oil imports up 31.1% in February 2022

- Crude oil imports jump 46.9% to 2.34 million tons, latest data shows
09.05.2022 Oil , Turkey

Sustainability, eco-mobility offers new areas for Turkiye-Israel economic ties

- "It is very important to deepen cooperation between both countries cooperation for climate change challenges", senior Israeli diplomat says
10.05.2022 Renewable , Projects , International Relations , Turkey , Middle East-Africa

Spot market electricity prices for Monday, May 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade amounts to 1.00 billion Turkish liras
09.05.2022 Electricity , Finance , Turkey

Turkiye's daily power consumption down 1.6% on May 7

- Electricity exports amount to 9,699 megawatt-hours and imports total 11,575 megawatt-hours
09.05.2022 Electricity , Finance , Turkey
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