OPEC+ plays key role in stabilizing oil markets during global turmoil
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+ played a central role…
US crude oil inventories up 0.1% for week ending April 18
US commercial crude oil inventories increased by 0.1% during the week ending April 18, according to data released…
Türkiye could slash emissions, double economic gains by 2053 through energy efficiency
Türkiye’s energy future could be fundamentally transformed through stronger efficiency measures—if existing policies are strengthened and expanded, domestic…
Türkiye’s daily power consumption up 16.1% on April 14
– Electricity exports amount to 12,735 megawatt-hours and imports total 9,460 megawatt-hours
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Türkiye’s daily power consumption down 0.8% on April 10
– Electricity exports amount to 11,889 megawatt-hours and imports total 10,497 megawatt-hours
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Clean energy to take lead in Türkiye-Denmark trade ties: Turkish ambassador to Copenhagen
Trade volume between Türkiye and Denmark, which reached $2.5 billion last year, is shifting towards collaborations that prioritize…
Syrian government plans to take control of oil fields east of Euphrates
Ghassan Ahmed, Governor of Syria’s Deir ez-Zor province, announced that significant measures have been taken to restore state…
Syria’s civil war cost electricity infrastructure $35B
Syria’s electricity infrastructure has suffered $35 billion in damage during the nearly 14-year civil war, Electricity Minister Omar Shaqrouq said Wednesday. Shaqrouq told reporters that a five-year plan has been…
Oil prices remain steady as US crude stockpiles drop unexpectedly, tariff concerns persist
Oil prices followed a flat course on Wednesday with the impact of data showing that stockpiles in the…
Russia continues to sell oil using ‘shadow fleet’ bought from European shipowners
Russia, under various European sanctions and a $60-per-barrel oil cap since December 2022, is allegedly still selling oil…
US oil rig count up by 1 for week ending Feb. 14
– Number of US oil rigs down by 16 compared to one year ago
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Surge in global LNG demand boosts LNG carrier orders in 2024
A surge in global demand for liquefied natural gas (LNG) increased ship orders by 25% in 2024, with…