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Aramco, China's Sinopec break ground on new petchem project in China

- Project expected to be fully operational by the end of 2030

18.11.2024 General

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

Azerbaijan, Kazakhstan, Uzbekistan sign strategic partnership deal on green energy

- Azerbaijani president holds trilateral talks with Kazakh, Uzbek counterparts on sidelines of COP29 in Baku

13.11.2024 Renewable

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

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

Yuan eyes top currency spot in oil trade, experts say replacing dollar will be lengthy

- Experts believe replacing petrodollar will take time while CBDC could give yuan the push to compete with dollar in long term

30.09.2024 Oil Energy Diplomacy

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

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Saudi Arabia announces major oil, gas discoveries

- Saudi Arabia ranks as world's largest crude oil exporter

02.07.2024 Natural Gas Oil

Aramco awards contracts worth over $25B for strategic gas expansion projects

Multi-billion dollar investment targets phase two development of Jafurah unconventional gas field, phase three expansion of Aramco's Master Gas System, new gas rigs and capacity maintenance

01.07.2024 Natural Gas Oil

Saudi oil giant Aramco and Sempra sign 20-year LNG supply deal

Deal covers sale and purchase agreement for offtake of 5 million tonnes per annum of LNG from Port Arthur LNG Phase 2 expansion project

26.06.2024 Lng/Lpg

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

Saudi Arabia to hold approximately $12B share sale of oil giant Aramco

Saudi oil major to sell 1.545 billion shares at a price between 26.70 and 29 Saudi riyals per share

31.05.2024 Oil Finance

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

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 oil giant Aramco to buy 10% stake in Chinese company Hengli Petrochemical

Aramco continues to ‘explore new opportunities in important markets, as we seek to progress in our liquids-to-chemicals strategy,’ says oil giant’s downstream president

22.04.2024 General

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

Aramco announces major expansion at Fadhili gas plant

- New project is expected to enlarge plant’s processing capacity from 2.5 standard cubic feet per day to 4 billion standard cubic feet per day, says oil major

02.04.2024 Natural Gas Oil

US set to triple nuclear power goal by 2050

Farmers should not foot bill for climate change or green transition: Hungarian premier

In a first, Japan retrieves tiny amount of melted fuel from crippled Fukushima nuclear plant

Nuclear reactor in Japan shuts days after restart since 2011

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

Spot market electricity prices for Monday, Nov. 11

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

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

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

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

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

Türkiye has potential for 27 GW of offshore wind by 2050, World Bank says

Türkiye’s wind energy industry has potential to reach $8B in 2035

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

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

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

Spot market natural gas prices for Saturday, Nov. 16

Spot market electricity prices for Monday, Nov. 18

Türkiye's daily power consumption down 4.35% on Nov. 16

Energy giants pledge $500 million to tackle climate change

COP29 pushes for $1 trillion in climate financing for developing nations

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