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Oil Prices in the World have Fallen by over 30%

Δευ, 9 Μαρτίου 2020 - 19:26

Oil prices on Monday start with a collapse of 35 - 40% after the OPEC+ meeting, which ended last Friday with Russia's exit from the oil restriction deal, according to trade data. The signals came on Friday, with more hopes of finding a way out then.

The Eib's Attack on Gas is Counter-Productive [Global Gas Perspectives]

Παρ, 6 Μαρτίου 2020 - 19:23

Over the last few months, and especially following the publication of the European Commission's Green New Deal, we are witnessing an unprecedented attack on natural gas. The opposition to the growinguse of gas stems from the notion that, along with coal and oil, it is highly polluting and contributes substantially to greenhouse gas emissions (GHGE).

Spot Market Electricity Prices for Friday, March 6

Πεμ, 5 Μαρτίου 2020 - 20:38

The highest electricity rate for one-megawatt hour in the day-ahead spot market for Friday will be 334.67 Turkish liras at 19.00 local time, and the lowest will be 199.99 liras at 03.00 and 04.00 local time, according to official figures on Thursday.

OPEC+ Discuss Further 1.5M Barrels Per Day Output Cut

Πεμ, 5 Μαρτίου 2020 - 20:32

OPEC+ countries are discussing the reduction of an additional 1.5 million barrels per day (bpd) from the total oil production level, Iranian Oil Minister Bijan Zangeneh said on Thursday.

Norway's Sovereign Fund Invests Over $800M in Turkey

Τετ, 4 Μαρτίου 2020 - 20:25

Norway’s oil fund, the world's largest sovereign wealth fund, bought shares in six Turkish energy companies with investments totaling around $117 million up to the end of 2019, according to official figures from Norway’s Norges Bank Investment Management.

Natural Gas Consumption in US Sets New Record in 2019

Τετ, 4 Μαρτίου 2020 - 20:22

Natural gas consumption in the U.S. reached a record high level of 85 billion cubic feet (2.41 billion cubic meters) per day marking a year-on-year increase of 3% in 2019, the country's Energy Information Administration (EIA) said on Tuesday.

Reuters: Bulgaria Agrees Deal to Cut Price of Russian Gas Imports by 40%

Τετ, 4 Μαρτίου 2020 - 20:17

Bulgaria has agreed a 40% cut in the price ofgas it imports under its long-term contract with Russia, its dominant gas supplier, Prime Minister Boyko Borissov said on Tuesday, Reuters reported. 

US Crude Output Grows 11% in 2019: Energy Info. Admin.

Τρι, 3 Μαρτίου 2020 - 20:21

The U.S.' crude oil production grew 11% in 2019, surpassing 12 million barrels per day (bpd) for the first time in its history, the country's Energy Information Administration (EIA) said in a statement on Monday.

Nordex Receives Order for 120 MW Wind Farm in Turkey

Τρι, 3 Μαρτίου 2020 - 20:19

The German wind turbine manufacturer, Nordex Group, has received an order from Turkey to supply wind turbines for the 120-megawatt (MW) Evrencik Wind Farm located in the eastern Thrace region, the company announced Tuesday.

Minister of Energy Temenuzhka Petkova: Bulgaria is Integral Part of the Southern Gas Corridor

Τρι, 3 Μαρτίου 2020 - 20:17

Our country is an integral part of the Southern Gas Corridor through the Greece-Bulgaria gas interconnector.

Rystad Revises down Oil Price Forecast amid Coronavirus

Παρ, 28 Φεβρουαρίου 2020 - 20:05

Rystad Energy has revised down its oil price forecast for 2020 on Thursday amid coronavirus worries that have triggered low global oil demand.

Turkey's Energy Import Bill up 6.1% in January 2020

Παρ, 28 Φεβρουαρίου 2020 - 20:01

Turkey's energy import bill increased by 6.1% to $4.10 billion in January this year compared to the same month of 2019, according to data released by the Turkish Statistical Institute on Friday.

US: Wind Tops Hydro in Renewable Electricity Sources

Πεμ, 27 Φεβρουαρίου 2020 - 20:10

Wind has surpassed hydro as the most-used source of renewable electricity in the U.S. last year, according to the country's Energy Information Administration (EIA) on Wednesday.