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OPEC daily crude output up 0.5% in Nov.

- Global oil demand growth forecast for 2024 is revised down by 210,000 bpd, from previous month's assessment

11.12.2024 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 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

Global oil production up by 0.3% in October, IEA reports

- Agency forecasts global oil demand to reach 102.8 million bpd in 2024, 103.8 million bpd in 2025

14.11.2024 Oil

OPEC daily crude output up 1.9% in Oct.

- Global oil demand growth forecast for 2024 is revised down by 107,000 bpd, from previous month's assessment

12.11.2024 Oil

Oil prices fall with demand concerns over China's insufficient stimulus plan

- Experts say China's latest stimulus plan falls short in meeting investor expectations, while market players question how new stimulus package will affect oil prices

12.11.2024 Oil

Global energy demand to increase 24% by 2050: OPEC

- Demand for all primary fuels, except coal, is set to increase in long term

24.09.2024 Oil

Oil down amid China's slowing demand, OPEC+ supply boost

- OPEC+ previously agreed to extend oil production cuts to November as crude oil and fuel prices continued to fall

20.09.2024 Oil

OPEC daily crude output rises by 0.7% in July

- Global oil demand growth forecast for 2024 is revised down by 135,000 bpd, from previous month's assessment

12.08.2024 Oil

OPEC daily crude output falls by 0.3% in June

- Global oil demand growth forecast for 2024 remains broadly unchanged from last month's assessment at 2.25 million bpd

10.07.2024 Oil

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OPEC+ agrees to extend group-wide output cuts into 2025

- 1.6 million barrels per day voluntary cuts to be prolonged for another year, while second round of voluntary cuts of 2.2 million barrels per day to end of third quarter of 2024

02.06.2024 Oil Oil General

Global oil production falls by 0.19% in April: Int. Energy Agency

- Maintenance work lowers Canadian output while Russia partially implements OPEC+ production cuts leading to lower global output last month

15.05.2024 Oil

OPEC daily crude output falls by 0.18% in April

- Number of oil rigs worldwide world decreases by 60 last month to 1,797

14.05.2024 Oil

Oil demand peak dispute raises economic alarm

-Peak oil demand refers to theorized time when maximum rate of global oil production will occur before beginning an irreversible decline

13.04.2024 Oil

OPEC crude output increases in February

- Global oil demand forecast to reach 104.5 million barrels per day in 2024, with growth rate of 2.2 million barrels per day

12.03.2024 Oil

Oil prices up over escalating tensions in Middle East, positive demand outlook

- Investors remain cautious ahead of key inflation data to be announced by US Fed late Tuesday

12.03.2024 Oil

Oil down on week ending March 4 over demand fears in US

- Prices decline with rising crude stocks in US while strong dollar and supply concerns driven by OPEC+ cuts push prices up

09.03.2024 Oil Finance

Russia announces full commitment to OPEC+ production caps in February

- Country's current production cutbacks stand at about 500,000 barrels per day —300,000 bpd of crude and 200,000 bpd of oil products

21.02.2024 Oil

OPEC crude output declines in January

- OPEC report shows fall in global liquids production in January by 600,000 barrels per day to average 101.8 million barrels per day

13.02.2024 Oil

Saudi Arabia cuts production to propel prices, revealing strategy over supply

- Saudi Arabia has significantly reduced its production since 2022 to stabilize and potentially increase oil prices as well as ensure lucrative revenue from its crude exports

02.02.2024 Oil Finance Energy Diplomacy

Romania to lengthen lifespan of 1st nuclear reactor with $2 billion contract

Türkiye to initiate trial production at Akkuyu in 2025: Turkish energy min.

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

US set to triple nuclear power goal by 2050

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

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

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

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

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

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

bp, Abu Dhabi’s XRG form joint venture for gas in Egypt

Spot market electricity prices for Monday, Dec. 16

Scottish government approves £150 million offshore wind fund

Spot market electricity prices for Monday, Dec. 9

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

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