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Global Oil Supply Falls in May 2019

Global Oil Supply Falls in May 2019

In May 2019, OPEC crude oil production have decreased by 236 thousand barrel per day (tb/d), month on month (m-o-m) to average 29.88 million barrels per day (mb/d), according to secondary sources, the Organization of the Petroleum Exporting Countries (OPEC) said on Thursday.

Tariffs on Lithium-Ion Batteries Loom Over US Storage

Tariffs on Lithium-Ion Batteries Loom Over US Storage

The U.S. Energy Storage Association announced on Tuesday its "deep concern" that tariffs on Chinese lithium-ion batteries and related equipment would have an immediate and adverse effect on grid energy storage deployments in the U.S.

Russias Oil Export Revenues Decrease 0.6% in 4 Months

Russia's Oil Export Revenues Decrease 0.6% in 4 Months

Russia's oil export revenues decreased by 0.6% in the first four months of this year compared to the same period of the previous year, while natural gas export revenues increased by 2.2% in the same period, according to the data of the Russian Federal Customs Service on Tuesday.

Turkeys Drilling Activities in Mediterranean to Continue

Turkey's Drilling Activities in Mediterranean to Continue

The drilling activities in Eastern Mediterranean Sea region will continue and legal and political measures were taken with the relevant ministries for preventing third party interference that ignores Turkey's international sovereignty, the Turkish energy and natural resources minister said on Tuesday.

Global Gas Consumption Up With More US, China Demand

Global Gas Consumption Up With More US, China Demand

Global natural gas consumption is expected to grow at an average annual rate of 1.6 percent to 2024, returning to the pre-2017 trend, according to latest report of the International Energy Agency (IEA) on Friday. 

Turkey Marks World Environment Day

Turkey Marks World Environment Day

President Recep Tayyip Erdogan marked on Wednesday World Environment Day. “I hope that the World Environment Day will contribute to the increase of public awareness on environmental issues,” Erdogan said in a tweet.

US Oil Output at Record Level

US Oil Output at Record Level

Crude oil inventories increased in the U.S. last week, according to data released by the Energy Information Administration (EIA) on Wednesday.

Iraqs Oil Exports up Over 6 Percent in May

Iraq's Oil Exports up Over 6 Percent in May

Iraq exported nearly 110.74 million barrels of crude oil in May, up from 103.98 million in April, marking an increase of 6.48 percent, the country's oil ministry announced Saturday.

Bulgarian Tranport Minister: We Are Looking For EC Funding For Electric Transport During the New Programming Period

Bulgarian Tranport Minister: We Are Looking For EC Funding For Electric Transport During the New Programming Period

Bulgaria, together with the countries of Central and Eastern Europe, will seekfundingfrom the European Commission (EC) for electromobility projects in the next programming period, Nino Dimov, Minister of Environment and Water, announced at the opening of the National Trust Ecofund Annual Event (NTEF), which took place at the Ministry of Environment and Water.

Climate-Conscious Traveling Made Easy With New Website

Climate-Conscious Traveling Made Easy With New Website

People who want to lower their carbon footprint are looking to calculate how much emissions their travel plans create via a new website developed by the Chalmers University of Technology in Sweden. The new website, travelandclimate.org, gives a simple calculation of the emissions from different modes of travel for any journey.

Energy Investments to Increase in Norway in 2020

Energy Investments to Increase in Norway in 2020

An Norwegian investment survey in May within the oil and gas, manufacturing, mining and quarrying and electricity supply sectors estimates investments of NOK 228 billion ($26.21 billion) for 2020, 8.2% higher than the corresponding figure for 2019, according to the Statistics Norway (SSB) on Tuesday.

Turkeys Electricity Consumption up 1.68 Pct in May

Turkey's Electricity Consumption up 1.68 Pct in May

Turkey's electricity consumption increased by 1.68 percent in May compared to the same month of 2018, according to data released by Turkey's Energy and Natural Resources Ministry.

Russia to Deliver Power of Siberia Gas from Dec.1

Russia to Deliver Power of Siberia Gas from Dec.1

Russia aims to deliver natural gas to China via the Power of Siberia pipeline from Dec. 1, Deputy Chairman of the company Vitaly Markelov said late Tuesday. Markelov confirmed that the volume of initial deliveries would be 10 million cubic meters per day but would increase.