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Decline in EU's Oil Products Demand Extends to April

The decline in demand for oil products has amplified and proliferated across the EU in April due to COVID-19 measures, according to the 27-member bloc's statistical office on Wednesday

Global Oil Production Significantly Down in May 2020

Global liquids production in May decreased significantly by 10.04 million barrels per day (bpd) to average 89.89 million bpd, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Wednesday

Turkey Gets 5.2B TL for Clean Energy Generation in May

Turkey's clean energy generation received around 5.2 billion Turkish liras in incentive payments in May through the Renewable Energy Support Scheme (YEKDEM), according to Turkey's Energy Exchange Istanbul (EXIST) data on Wednesday

Greece, Israel Send Turkey Joint Message

Oil Prices Rise With Confidence in OPEC Production Cuts

Oil prices were up on Tuesday with renewed confidence in OPEC production cuts, but the possibility of a second coronavirus (COVID-19) wave continues to keep the outlook for global oil demand low

Montenegrin Government Proposes Law on Energy, Eases Rules for Prosumers

The Government of Montenegro has adopted the draft Law on Energy to make it easier for consumers to become prosumers which means they could generate and consume their own green energy

2020 Global Oil Demand to See Largest Fall in History

Oil demand in 2020 is expected to fall by 8.1 million barrels per day (mb/d), the largest in history, before recovering by 5.7 mb/d in 2021, the International Energy Agency (IEA) reported on Tuesday

Construction Starts for Foating Solar Plant in Albania

Statkraft and its supplier Ocean Sun is ready to start the construction of the planned 2 MWp floating solar pilot project in Albania. The pilot has an estimated total investment of EUR 2 million and will be placed at the Banja reservoir, where Statkraft is operating its 72 MW Banja hydropower plant

British Energy Giant BP Lowers its Oil Price Outlook

British energy giant BP revised down its long-term Brent oil price assumptions by around 30% and expects its write-offs and non-cash impairment charges for the second quarter of the year to be in a post-tax range between $13 billion and $17.5 billion, it announced Monday

PowerGlobe Qatar Books All Free Capacities at Croatia's Krk LNG Terminal for Next 3 Years

All of the remaining free capacities of Croatia's future Krk liquefied natural gas (LNG) terminal for the next three gas years have been booked under a 15-year deal with PowerGlobe Qatar LLC, the terminal operator, LNG Croatia said on Monday

GE Inks Wind Power Deal With Naturgy in Spain

GE Renewable Energy signed an agreement with Spain’s Naturgy Energy Group to provide a 5-year full-service agreement for the La Rabia Wind Farm in Spain, the company announced in a statement on Friday

DESFA Presented to the Market its Revised Proposal on the Annual Scheduling Process for Unloading LNG Cargoes to Revithoussa

DESFA, the Hellenic Gas Transmission System Operator, organized a workshop presenting to the market its revised proposal on the annual scheduling process for unloading LNG cargoes to the Revithoussa LNG terminal. The workshop took place on June 4, 2020, via videoconference, and was attended by a large number of participants in the LNG market, as well as representatives of RAE

Germany Approves National Green Hydrogen Strategy