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Oil prices to float below $80 in short-term on declining demand

- Oil prices end the week at $78.30, up 2.1%, signaling a recovery trend, although they remain below $80 mark

24.08.2024 Oil

Oil up during week ending Aug. 9 amid weak US employment data, call for Middle East cease-fire

-Rising signals of rate cut from US Federal Reserve trigger price rises

09.08.2024 Oil

Oil prices fall on cease-fire hopes in Gaza

- Uncertainties over when US Federal Reserve (Fed) will start interest rate cuts continue to influence oil prices

29.04.2024 Oil Finance General

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

Gas prices in Europe up 7.5% as Middle East tensions rise

Natural gas prices surge to $35.62 per megawatt-hour on Tuesday, closing higher than Monday amid rising Israel-Iran tensions

17.04.2024 Natural Gas

MENA doubles renewables but still needs more to replace oil and gas

- Region's renewable energy installed capacity increased to 19 gigawatts, yet 500 gigawatts more is needed to supplant gas and oil power plants

11.09.2023 Natural Gas Oil Renewable Middle East-Africa

Saudi Arabia pledges $2.5B to Middle East green initiative

- Middle East Green Initiative aims to reduce regional carbon emissions

08.11.2022 Finance Middle East-Africa

EU postpones decision on Russian oil ban, says Serbia president

- Decision delayed until Dec. 1, says Aleksandar Vucic, criticizing Croatia over move to include Belgrade in EU sanctions measure against Russia

07.10.2022 Oil Refining/Petro Chemistry Energy Projects Europe

EU's crude imports from Middle East, Africa up as deadline to phase-out Russian oil nears

- Russia's share in European Union's total oil imports, 40% before war in Ukraine, falls to 25% in 7th month of war

29.08.2022 Oil Europe

UAE, IRENA launch $1B Global Finance Platform to accelerate clean energy

- UAE commits $400M in funding through Abu Dhabi Fund for Development towards goal of securing minimum $1B in total funding

03.11.2021 Finance Renewable Middle East-Africa

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Oil down over 3% due to demand fears in week ending August 6

- Investors focus on Chinese oil demand drop, bearish US economic data, and increasing OPEC+ oil production during week

06.08.2021 Oil World

Turkey: Exploratory talks with Greece 'important step'

- Presidential spokesman says re-starting talks between Greece, Turkey important for balance in Aegean and East Med

31.01.2021 Energy Diplomacy Türkiye Europe General

Emerging markets attract $313B in 2020: IIF

- Portfolio flows stand at $45.9B in December, closing one of most volatile years, says Institute of International Finance

08.01.2021 Invesments

EU members approve Brexit trade deal

- Top EU officials, British premier to sign trade agreement Wednesday

30.12.2020 Europe

Brent oil price up 1.06% for week ending Dec. 25

- Emergence of mutant coronavirus said to be 70% more contagious put pressure on oil prices, boosting demand fears

25.12.2020 Oil World Europe Eurasia Asia Americas Middle East-Africa

Oil prices up on Brexit deal, US relief pack hopes

-While rise in coronavirus cases still pressures oil prices, vaccines continue to instill hope of speedier demand recovery

25.12.2020 Oil World Europe Eurasia Asia Americas Middle East-Africa

UK, EU agree to extend Brexit talks

- 'We think it is responsible at this point to go the extra mile,' joint statement says

14.12.2020 Energy Diplomacy Europe

Brexit to hit UK harder than EU: Report

- Brexit means both sides lose but UK loses considerably more, according to German research institute study

09.12.2020 Europe General

UK, EU say conditions for trade deal 'not there' yet

- Premier Boris Johnson expected to travel to Brussels this week for face-to-face meeting with EU leaders

08.12.2020 Energy Diplomacy Europe

EU: Brexit deal not 'feasible' unless disputes resolved

- EU Commission President Von der Leyen issues statement after phone call with British Prime Minister Johnson

06.12.2020 Energy Diplomacy Europe

Nuclear reactor in Japan shuts days after restart since 2011

Bulgaria signs contract with US company to boost its nuclear energy capacity

Iran submits protest note to IAEA over Israeli threats to nuclear sites

Japan's oldest nuclear reactor approved to operate beyond 50 years

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

Türkiye's daily power consumption up 12.8% on Oct. 30

Russian deputy energy minister held as probe into coal mine contracts expands

Türkiye's daily power consumption up 3.88% on Oct. 22

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 Friday, Nov. 18

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

TotalEnergies and China's Sinopec sign multiyear LNG supply agreement

Türkiye's LPG production down 14.2% in August

Algerian LNG vessel to arrive in Türkiye on Oct 19

Algerian LNG vessel to arrive in Türkiye on Oct. 10

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

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

Wind, solar overtake EU fossil fuels in 1H24, Ember reports

Western Balkans can leapfrog gas for solar, wind for energy transition: Report

Türkiye breaks record in daily electricity production from wind on June 29

QatarEnergy, TotalEnergies partner for 1.25GW solar project in Iraq

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

UK bank provides €249 million to support Turkish Kalyon Enerji's solar project

Wind, solar overtake EU fossil fuels in 1H24, Ember reports

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

Climate Investment Funds grant $70 million to accelerate Türkiye's renewable energy integration

International Finance Corporation provides major investment package for Türkiye

TotalEnergies' 3rd-quarter income drops sharply

Shell beats market expectations with $6 billion profit in 3Q24

Spot market natural gas prices for Friday, Oct. 25

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

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 daily power consumption down 1.8% on April 26

Türkiye to apply anti-dumping measures on solar panel imports from 5 countries

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