EIA raises oil price forecast for 2025, 2026
US Energy Information Administration (EIA) has revised up its average oil price projections for this year and 2026,…
Oil prices retreat on weak US demand signals
Oil prices continued to fall on Wednesday after industry data pointed to weakening demand in the US, the…
bp sells minority stakes in US midstream assets for $1.5 billion
– Transaction will be completed in two phases, with about $1 billion paid upfront and…
Oil prices fell on surplus fears, softer US-China trade tone
Oil prices slipped on Monday as concerns over a potential supply glut and renewed uncertainty about global demand…
Trump says India’s Modi promised to halt Russian oil purchases
– US president warns that India would continue to face ‘massive tariffs’ if it doesn’t…
Türkiye paves way for Black Sea gas exports as LNG with regulatory overhaul
Türkiye has cleared the legal path for exporting natural gas from its Black Sea fields as liquefied natural…
Spot market natural gas prices for Friday, Oct. 17
– 1,000 cubic meters of natural gas on spot market costs 14,288 Turkish liras
…
Cautious OPEC+ output hike continues to support oil prices
Oil prices continued to gain support on Tuesday from the cautious production increase announced by eight members of…
Oil rises on supply worries, OPEC+ meeting in focus
Oil prices inched higher on Friday, supported by concerns over the war in Ukraine and the risk of…
Oil prices rise as supply fears outweigh Iraq-Türkiye pipeline flows, OPEC+ plans
Oil prices inched up on Monday as persistent geopolitical tensions heightened supply concerns, offsetting pressure from the resumption…
Türkiye’s daily power consumption down 0.9% on Aug. 29
– Electricity exports amount to 6,250 megawatt-hours and imports total 4,891 megawatt-hours
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Geopolitical risks, Fed optimism lift oil to modest weekly rise
Oil prices posted modest weekly gains by Friday as strong US economic growth and expectations of a Federal…