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Oil near two-month high on positive demand outlook amid busy travel season

- Longstanding Israeli-Palestinian conflict continues to raise geopolitical risks in Middle East

09:51 Oil

Oil up following weak US dollar, growing supply concerns

- Ongoing uncertainty over timing of US Federal Reserve's interest rate cut continues to influence prices

01.07.2024 Oil

Oil prices set for 3rd weekly gain over supply fears, demand hopes

- Escalating geopolitical tensions continue to risk global energy supply routes, while growing expectations that Fed will soon start cutting interest rates boosts demand hopes

28.06.2024 Oil

Oil down with low US demand, uncertainty over Fed interest rate cut

- US commercial crude oil inventories increase by 0.8% to 460.7 million barrels during week ending June 21, latest data shows

27.06.2024 Oil

Oil up over positive demand outlook, ongoing geopolitical risks in Middle East

- Uncertainty over timing of US Federal Reserve's interest rate cut continue to influence prices

26.06.2024 Oil

Oil prices down against escalating conflicts in Middle East

- Strong US dollar against other currencies support further price declines

25.06.2024 Oil

Oil prices up as focus remains on Middle East conflict

Ongoing uncertainty over timing of US Federal Reserve's interest rate cuts limited upward pressure

24.06.2024 Oil

Oil prices set for weekly gain amid supply risks

- Escalating geopolitical tensions in Middle East, home to vast majority of global oil reserves, continue to put global energy supply routes at risk

21.06.2024 Oil

Oil prices mixed amid supply risks and demand worries

- Escalating geopolitical tensions in Middle East continue to put global energy supply routes at risk

20.06.2024 Oil

Oil prices down after US stockpile build signals weak demand

- Escalating geopolitical tensions continue to put global energy supply routes at risk

19.06.2024 Oil

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Oil down over demand uncertainties in world's biggest consumers

- Concerns grow over waning demand in US and China

18.06.2024 Oil

Oil down with demand concerns in US, strong dollar index

- Although inflation in US showed signs of slowing down, Fed reduced its interest rate cut forecast for this year from three to one

17.06.2024 Oil

Oil prices up amid strong demand, uncertainties over US Fed interest rate cut

- Uncertainties as to when US Federal Reserve (Fed) will begin reducing interest rates are heightened by macroeconomic data giving mixed signals

12.06.2024 General

Oil prices up with anticipated high demand over summer months

- Geopolitical tensions in oil-rich Middle East continue to impact oil prices amid ongoing attacks between Houthis and western forces

10.06.2024 Oil

Oil prices set for weekly declines amid OPEC+ decision, US low demand

- Growing cease-fire possibilities in Middle East, home to vast majority of global oil reserves, curtails price rises

07.06.2024 Oil

Oil up with interest rate cuts in major central banks

- Probability of US Federal Reserve's first interest rate cut rated at 81% for September and 83% for November

07.06.2024 Oil

Oil prices up over US rate cut optimism

- Possibility of rate cut raises hopes of heightened economic activity and larger oil demand in US, but negative signals from unexpected oil inventory build offsets gains

06.06.2024 Oil

Oil prices up after OPEC+ output cut decision

- OPEC+ countries agree to extend additional voluntary cuts of 2.2 million bpd until end of September, gradually phasing out until end of September next year

03.06.2024 Oil

Oil prices set for weekly rises ahead of OPEC+ meeting

- Growing tensions in Middle East, uncertainties about US Federal Reserve's (Fed) interest rate decisions, and latest oil market outlook of Energy Information Administration (EIA) also support price increases

31.05.2024 Oil

Oil prices down contrary to positive demand outlook in US

Market players' caution ahead of US Federal Reserve's (Fed) announcement on timing of interest rate cuts this year impacts oil price dynamics

31.05.2024 Oil

Türkiye, China to finalize nuclear deal in ‘few months,’ says Turkish energy min.

Türkiye reaches ‘historic production level’ at Sakarya gas field: Turkish energy minister

IEA chief predicts nuclear electricity generation will reach highest level in 2025-2026

No damage to Iranian nuclear sites after Israeli airstrikes, says UN nuclear watchdog

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

EU's abandoned mines emit methane volume equal to Nordstream pipeline blast's emissions, report reveals

Spot market electricity prices for Thursday, June 27

World's copper reserves are enough to meet growing demand

Türkiye's daily power consumption up 0.57% on May 29

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

Algerian LNG vessel to arrive in Türkiye on July 3

Türkiye's LPG production down 25% in April 2024

Global LNG market to tighten due to Norway's maintenance work in August

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

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

Türkiye's oil imports up 11.08% in February 2024

Libya's oil guards reopen country's oilfields after dispute over pay

India's Nayara Energy announces plans to double Gujarat refinery's capacity

SABIC announces final investment decision on major petrochemical complex in China

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

Türkiye ranks among top 11 countries in world in renewable energy capacity

Denmark announces biggest offshore wind tender in its history

Record growth in renewables in 2023, but progress needs to be equitable: IRENA

Türkiye ranks among top 11 countries in world in renewable energy capacity

Major global utilities agree to more than double clean energy capacity by 2030

Record growth in renewables in 2023, but progress needs to be equitable: IRENA

EU electricity from renewable sources surges to 41% in 2022: Eurostat

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

EU electricity from renewable sources surges to 41% in 2022: Eurostat

Türkiye requires new investments for development of geothermal sector

US announces $74M funding to advance geothermal systems

UN Secretary General calls for 'Climate Solidarity Pact' between developed and emerging economies

Shipping giant MSC supports clean energy to tackle climate change

Türkiye's oil imports up 18.7% in April 2024

Türkiye's gas imports down 39.8% in April 2024

Global offshore wind capacity rises 24% in 2023, second-highest growth in offshore wind history

New financing model underway for $2T clean energy investment needs, IEA chief says

Türkiye's daily power consumption up 3% on June 12

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

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

TotalEnergies income increases 4.4% in 2023

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

EU adopts 14th package of Russia sanctions

Suez Canal revenue drops 50% amid Red Sea tensions: Egyptian President

Rescue operations underway for trapped miners in eastern Türkiye: Energy Minister