English Edition

Valeura's Turkey Activities Unaffected by Syria Operation

Πεμ, 17 Οκτωβρίου 2019 - 16:11

Valeura Energy, which focuses on producing natural gas in Turkey's northwest Thrace basin, remains unaffected by Turkey's recent operation in northern Syria, the Canadian-based energy company announced in a statement on Thursday.

Oil Demand to Fall in Early 2020 Before Recovery: Report

Πεμ, 17 Οκτωβρίου 2019 - 15:30

Global crude oil demand is expected to decline in early 2020 before recovering throughout the year, according to a report by the London-based independent economic research company Capital Economics released on Wednesday.

Oil Prices Driven by Demand More Than Supply: OPEC Head

Τετ, 16 Οκτωβρίου 2019 - 18:51

Crude prices in the global oil market is driven more by overall demand rather than supply, according to the Secretary General of the Organization of Petroleum Exporting Countries (OPEC) on Tuesday.

Turkey Aims 20,000 MW Wind Capacity by 2023: TWEA Head

Τετ, 16 Οκτωβρίου 2019 - 18:49

Turkey aims to reach 20,000 megawatts (MW) of installed capacity in wind energy by 2023, Hakan Yildirim, President of the Turkish Wind Energy Association (TWEA), told Anadolu Agency's Energy Desk in an exclusive interview on Wednesday.

World Oil Output Sees Biggest Monthly Drop in 10+ Years

Παρ, 11 Οκτωβρίου 2019 - 20:51

Global oil supply fell by 1.5 million barrels per day to 99.25 million barrels per day (mbpd) in September, according to data from the International Energy Agency (IEA) on Friday.

Turkey to Restructure $10 Billion Energy Finance in '19

Παρ, 11 Οκτωβρίου 2019 - 20:48

Turkey's energy investors restructured around $7.5 billion out of an approximate $13 billion non-performing loans (NPLs) while the banks and companies also agreed initial settlements to restructure a further $2.5 billion by the end of 2019, banking sector sources who asked to remain anonymous told Anadolu Agency.

US Crude Oil Production Breaks New Record High

Πεμ, 10 Οκτωβρίου 2019 - 20:59

Crude oil production in the U.S. reached a new record high of 12.6 million barrels per day (bpd) for the week ending Oct. 4, according to data released by the Energy Information Administration (EIA) on Wednesday.

Completion of 1st Line of Turkstream Due by Year End

Πεμ, 10 Οκτωβρίου 2019 - 20:55

The first 930-kilometer-long pipeline of the TurkStream natural gas dual pipeline project to carry Russian gas to Turkey is set to become operational by the end of the year in line with Turkey's 11th development plan, covering the period 2019-2023.

Turkey's Daily Power Consumption up 4.06% on Oct. 8

Τετ, 9 Οκτωβρίου 2019 - 20:22

Turkey's daily electricity consumption increased by 4.06% to 768,181 megawatt-hours on Tuesday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Wednesday.

EIA Lowers Oil Price Forecasts for 2020 by $2 A Barrel

Τετ, 9 Οκτωβρίου 2019 - 20:18

The U.S.' Energy Information Administration (EIA) lowered oil price forecasts for 2020 by $2 per barrel based on expectations that global oil inventories will increase next year, according to its Short-Term Energy Outlook (STEO) report for October.

Turkey's Daily Power Consumption Down 0.001% on Oct.3

Παρ, 4 Οκτωβρίου 2019 - 20:06

Turkey's daily electricity consumption decreased by 0.001% to 784,432 megawatt-hours on Thursday, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday.

US Crude Oil Exports Jump 200% in First Half of 2019

Παρ, 4 Οκτωβρίου 2019 - 19:52

The U.S.' crude oil exports increased by 200% in the first half of 2019, compared to the same period of 2018, the country's Energy Information Administration (EIA) said in a statement on Thursday.

Hungary's MOL Breaks Ground of €1.2B Petrochemical Plant

Παρ, 27 Σεπτεμβρίου 2019 - 20:26

In a move to transform its business from fuels to chemicals with an integrated value chain, Hungary's MOL together with German thyssenkrupp Industrial Solutions laid the foundation stone Friday to construct a €1.2 billion petrochemical facility - a polyol plant.