Oil heading for slight weekly loss amid market uncertainties
Oil prices are on track to post a narrow weekly decline for the week ending July 18, as…
US oil rig count down by 1 for week ending July 11
– Number of US oil rigs fall by 54 compared to one year ago
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Oil to remain dominant in global energy mix by 2050: OPEC
Oil is expected to remain the leading energy source in the global mix by 2050, accounting for a…
US energy agency revises up Brent price forecast for 2025
The US Energy Information Administration (EIA) has revised its 2025 Brent crude oil price forecast upward, citing increased…
Oil prices edge lower on surprise US stock build
Oil prices fell slightly on Wednesday amid concerns over weakening demand following a surprise increase in US crude…
Tel Aviv-Tehran reconciliation set to drive oil prices toward $60 range: Experts
Oil prices slumped more than 12% last week, snapping a three-week rally, with analysts expecting prices to stabilize…
US oil rig count down by 6 for week ending June 27
– Number of US oil rigs fall by 47 compared to one year ago
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Türkiye’s daily power consumption up 0.74% on June 27
Daily electricity consumption in Türkiye increased by 0.74% on Friday compared to the previous day, totaling 1,089,510 megawatt-hours,…
Türkiye’s oil imports up 2.2% in April
– Crude oil imports rise by 5% to 2.88 million tons in April, latest data…
Türkiye’s daily power consumption up 4% on June 24
– Electricity exports amount to 13,498 megawatt-hours and imports total 15,533 megawatt-hours
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Germany concerned over Iranian threat to block Strait of Hormuz
Germany on Monday expressed concern over Iranian threats to block the Strait of Hormuz, a vital trade route…
Oil rises on US inventory drop, geopolitical tensions, and Fed rate decision
Data showing a sharper-than-expected drop in US crude oil inventories, reports that the US administration is evaluating involvement…