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IEA Warns Global Oil Demand May Suffer as Crude Nears $80

IEA Warns Global Oil Demand May Suffer as Crude Nears $80

Global demand for oil is likely to moderate this year, as the price of crude nears $80 a barrel and many key importing nations no longer offer consumers generous fuel subsidies, the International Energy Agency said on Wednesday  

Turkish Solar Power Production Sees Near Triple Boost

Turkish Solar Power Production Sees Near Triple Boost

Turkish solar power production increased by 175 percent to 2.8 million megawatt-hours in 2017 compared to the previous year, according to Turkey's Energy Market Regulatory Authority's (EMRA) data

UN Nuclear Watchdogs Top Inspector Resigns

UN Nuclear Watchdog's Top Inspector Resigns

The UN International Atomic Energy Agency (IAEA) chief inspector resigned on Saturday, the agency said, days after the U.S. pulled out of the Iran nuclear deal

Alstom to Exit Energy Joint Ventures With GE

Alstom to Exit Energy Joint Ventures With GE

The maker of France's high-speed TGV trains, Alstom, announced Thursday that it signed an agreement with General Electric to exit three joint energy ventures for a total amount of €2.594 billion ($3.08 billion)

Turkeys Oil Imports Exceed 42 Million Tons In 2017

Turkey's Oil Imports Exceed 42 Million Tons In 2017

Turkey's oil imports increased by 6.43 percent year-on-year reaching 42.7 million tons last year, according to Turkish energy watchdog data on Thursday. Turkey imported the highest oil quantities respectively from Iraq, Russia and Iran, official information gathered by Anadolu Agency (AA) reveals

EIA Revises Up Oil Price Forecast for 2018, 2019

EIA Revises Up Oil Price Forecast for 2018, 2019

The U.S.' Energy Information Administration (EIA) revised up its forecast for crude oil prices for this year and the next, according to its Short-Term Energy Outlook (STEO) report for May released on Tuesday

US Sanctions on Iran to Take Full Effect in November

US Sanctions on Iran to Take Full Effect in November

After U.S. President Donald Trump's announcement of the U.S.' withdrawal from the historic Iran nuclear deal on Tuesday, U.S. economic sanctions on Iran will take full effect in November, hindering the country's ability to export oil

Turkey to Debut 1st Onshore LNG Production and Storage

Turkey to Debut 1st Onshore LNG Production and Storage

A Turkish company, LNG Gaz Uretim Depolama ve Satis AS (LNG gas production, storage and sales Corp.) has received the green light to progress the country's first onshore LNG production and storage in the country's midwestern and northern Anatolian regions, the president of the company said Tuesday

Global Off-Grid Renewable Energy Use on Rise: IRENA

Global Off-Grid Renewable Energy Use on Rise: IRENA

Nearly 115 million people worldwide currently rely on basic energy services provided by solar lights, while another 25 million obtain a higher level of renewable energy services through solar home systems or connection to a solar mini-grid, the International Renewable Energy Agency said Sunday

US Charges Former Volkswagen CEO in Emissions Scandal

US Charges Former Volkswagen CEO in Emissions Scandal

German carmaker Volkswagen's former CEO Martin Winterkorn has been indicted in the U.S. on charges stemming from the company's diesel emissions scandal, the U.S. Justice Department announced Thursday