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Oil prices drop amid recession fears and weaker demand outlook

- US President Joe Biden bans new offshore oil and gas drilling along most US coastlines

07.01.2025 Oil

Oil prices edge up in 1st week of 2025 amid economic growth hope

- Potential shifts in US economic growth after Trump’s Jan. 20 inauguration are expected to drive oil demand and influence prices

03.01.2025 Oil

Oil up in thin trade as market awaits more demand cues

- Uncertainties around both supply and demand continue as US President-elect Donald Trump prepares to take office on Jan. 20

30.12.2024 Oil

Oil prices settle higher in last week of 2024 amid thin trade during Christmas holiday

- Oil trading volume thinned during holiday-shortened week

27.12.2024 Oil

Oil steady amid China demand optimism, strong US dollar

- Holiday-shortened week leads to thin volumes in oil markets

27.12.2024 Oil

Oil prices up with China demand hopes

- Markets experience thin trading volumes due to Christmas holiday

26.12.2024 Oil

Oil up on lower US inflation data, hope of Federal Reserve policy easing

- US Federal Reserve is expected to maintain higher policy rates for an extended period to curb inflation

23.12.2024 Oil

Oil prices post 3% weekly loss amid strong dollar, China demand fears

- Expectation that Fed may slow pace of policy rate cut boosts dollar demand

20.12.2024 Oil

Oil prices up with Fed rate cut hopes, US demand surge

- Market participants await US Federal Reserve's policy decision and inflation data releases from Eurozone and UK

18.12.2024 Oil

Oil prices down with global inflation uncertainty

- Market players eye monetary policy by several major banks this week to gain insight on inflation

17.12.2024 Oil

home > related news

Oil prices down over growing supply surplus unease

- Expectation of increased demand in world's largest oil consumers, US and China, caps losses

13.12.2024 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

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

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 prices edge higher on Chinese demand optimism, Middle East tension

- Strengthening dollar caps restraining crude oil gains

02.12.2024 Oil

Oil prices down amid potential Lebanon cease-fire deal

- As dollar soars, dampening oil demand and driving down prices

26.11.2024 Oil

Oil prices down amid cease-fire expectations in Middle East

- Economic slowdown in China, the world's largest oil importer, is exerting further downward pressure on oil prices

25.11.2024 Oil

Oil prices up on Russia-Ukraine tension, US inventory build caps gain

- Data from Energy Information Administration reveals 0.1% increase in US commercial crude oil inventories for week ending Nov. 15

21.11.2024 Oil

Oil prices set for weekly fall as IEA report eases supply concerns

- International Energy Agency forecasts potential increase in global oversupply this year, supporting downward movement of prices

15.11.2024 Oil

Oil prices up amid Middle East turmoil, US inflation data in focus

- Unrest in Middle East continues to impact oil prices as market players fear global supply disruptions

13.11.2024 Oil

Russia claims Ukraine conducted drone strike against Zaporizhzhia Nuclear Power Plant

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

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

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

bp begins 1st flow from West African offshore LNG project

Türkiye's LPG production down 14.6% in October

Türkiye's LPG production down 27% in September 2024

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

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

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

Spot market electricity prices for Monday, Dec. 16

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

Highlights of global energy market in 2024

Israel continues "unlawful" approach to Palestinian natural resources

EU adopts 14th package of Russia sanctions