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Oil prices slip amid Trump policies, OPEC influence

- US tariffs, OPEC production stance, European recession fears drag oil prices lower

27.01.2025 Oil

Oil giants' profits slide 15.1% to $182.1 billion in January-September

- Oil majors' net revenues drop to $182.1 billion in first nine months of the year, down from approx. $214.5 billion in 2023

11.12.2024 Refining/Petro Chemistry

Saudi oil giant Aramco's net income drops 15.3% in 3Q24

- Decline linked to reduced crude oil prices and softer refining margins

05.11.2024 Oil

Oil down with low US demand, market awaits China stimulus package

- Experts say Hurricane Milton could also negatively affect employment data in US in coming weeks

11.10.2024 Oil

Saudi oil giant Aramco reports 14.4% drop in net profit in 1Q24

-Company's revenue for January–March period reaches around $107.2 billion, compared to $111.3 billion for same quarter last year

07.05.2024 Oil Finance

Saudi Arabia orders Aramco to cut oil capacity by 1 mln. barrels per day

- National oil company Saudi Aramco will refrain from increasing its oil capacity to 13 million barrels per day

30.01.2024 Oil Energy Diplomacy

TotalEnergies, Aramco convert oil from plastic waste for first time in MENA region

- Certified by International Sustainability and Carbon Certification, project aims to recycle plastics to circular polymers in Saudi Arabia

19.07.2023 Oil Middle East-Africa

Saudi Arabia in talks to sell 1% stake in Aramco

- Firm's IPO is part of Vision 2030 initiative to steer country away from oil dependency

28.04.2021 Oil Energy Security Energy Projects Middle East-Africa

Brent leaps over alleged attacks on Aramco facilities

- Tensions in region were already heightened after cyber-attack on Iran’s main nuclear facility on Sunday

12.04.2021 Oil World Middle East-Africa

Aramco signs $12.4B infrastructure investment deal

- Newly-formed Aramco subsidiary, Aramco Oil Pipelines Company, will lease usage rights in Aramco’s stabilized crude oil pipelines network for 25-year period

10.04.2021 Oil Middle East-Africa General

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Siemens Energy signs long-term service deal with Aramco

-15-year agreement covers power supply at four major oilfields of Saudi Arabia’s state oil company

01.04.2021 Energy Projects Europe Middle East-Africa

Revenues of oil giants decline 35.8% in 3Q20

- Royal Dutch Shell records highest year-over-year decline in revenue

21.12.2020 Oil News from companies World Europe Eurasia Asia Americas Middle East-Africa

US, Saudi firms to form joint venture in MENA region

-Saudi Aramco, Baker Hughes will each own 50% share to manufacture non-metallic, composite materials, says Turkish Competition watchdog

01.12.2020 News from companies World Türkiye Americas Middle East-Africa

Aramco signs oil and gas deals with 8 firms

-Company expects deals to support growth in employment and development of workforce in Saudi Arabia

18.11.2020 Oil News from companies World Middle East-Africa

Saudi Aramco reveals plans to sell bonds

- Oil price slump from coronavirus pandemic makes it hard for Aramco to meet $75 billion shareholder commitment

16.11.2020 Oil News from companies World Middle East-Africa

Saudi Aramco's net income declines 44% in third quarter

- However, 3rd quarter net income is 79.5% higher than $6.57 billion income posted in second quarter of this year

03.11.2020 Oil Middle East-Africa

Saudi Arabia discovers two new oil, gas wells

- Country holds 269 billion barrels, or 17.2%, of total global reserves after Venezuela

31.08.2020 Oil World Middle East-Africa

EC approves establishment of Middle East Cybersecurity

- Joint venture will be active in marketing and sales of defensive cybersecurity products & services in Saudi Arabia and MENA

14.07.2020 Oil Europe Middle East-Africa

Aramco completes $70B share purchase deal of SABIC

- Oil producer will pay in installments between August 2020 and April 2028 for 70% stake in chemical manufacturing company

17.06.2020 Oil Finance Energy Projects Middle East-Africa

Saudi Aramco's net income declines 25% in first quarter

- Revenue down 16% year-over-year

12.05.2020 Upstream Invesments Middle East-Africa

Hungary inks deal with UK to develop small modular nuclear reactors

Iran warns US, Israel of forceful response if its nuclear sites targeted

Nuclear set to reach new record in 2025: IEA

Russia claims Ukraine conducted drone strike against Zaporizhzhia Nuclear Power 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

Highlights of Türkiye's energy market in 2024

Global coal demand peaks in 2024, to plateau until 2027: IEA

Türkiye to begin 1st gold production in Niger in 2025

Spot market electricity prices for Monday, Nov. 11

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

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

Spot market natural gas prices for Friday, Dec. 29

Türkiye's LPG production up 12.3% in November 2024

US LNG vessel to arrive in Türkiye on January 31

US LNG carrier set to arrive in Türkiye on Jan. 13

bp begins 1st flow from West African offshore LNG project

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

Scottish government approves £150 million offshore wind fund

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

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

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

Hydro provides majority of Norway's power in January

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

Norway's sovereign wealth fund posts record $222B annual profit

EBRD's investments in Türkiye reach record of €2.6 billion last year

Global mining needs $6 trillion over next decade, Saudi minister says

Türkiye's licensed power generation up 4.64% in October

Türkiye's daily power consumption up 14.7% on Dec. 23

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

Energy industry steps up global cybersecurity efforts amid growing threats

One out of every four countries sees energy supply shortages among "top 5 risks"

Highlights of global energy market in 2024