Energy economics
OPEC extends oil output cut by nine months to fight glut
OPEC decided on May 25 to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.
Traders worried by big decline in fuel sales turnover last month
Demand for fuel in the domestic market recorded an unexpected drop last month, led by diesel, which slumped 14 percent on an annual basis and 8.5 percent from March.
Turkey 'key' for energy security in region: Minister
Turkey is a key country for establishing energy security in the region, Energy Minister Berat Albayrak said April 28.
Turkey plays a key role in the changing trends in the global energy sector as one of the biggest energy consumers among OECD countries, Albayrak said at the Atlantic Council Istanbul Summit.
Turkey has major chance to diversify gas portfolio: IEA head
Turkey possesses a major opportunity to diversify its gas portfolio, the chief of the International Energy Agency (IEA) has said while commenting on the steps that Turkey could take regarding energy.
US sees Turkey as crucial energy hub: US official
Turkey and the U.S. will continue to build on their successful energy cooperation as the U.S. views Turkey as an important energy hub, U.S. Secretary of Energy Rick Perry said on April 27.
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National Statistical Institute: Industrial Production Index up 3.7% in February Compared to Previous Month
According to preliminary data, in February 2017 the industrial production index of Bulgaria went up 3.7% compared to January 2017. In February 2017, an increase by 5.0% was reported compared to the same month in 2016. This is what data of the National Statistical Institute shows, quoted by Focus News.
What will Turkey's new national energy policy bring?
Turkish Energy Minister Berat Albayrak presented a fairly ambitious national energy policy in a meeting that drew the country's leading businesspeople from the energy, infrastructure and banking sectors.
Natural Gas Prices Are Fully Determined by Market Factors
''Power engineering should not be used for political purposes. The natural gas price in Bulgaria is fully determined by market factors.
Energy Regulator to Decide on Heat Energy Price on April 7
The Energy and Water Regulatory Commission (EWRC) will take a final decision on whether to increase the heat energy price at a closed-door meeting on April 7, according to BNR. EWRC Chair Ivan Ivanov told journalists on Tuesday. Before that he took part in an open meeting of the regulator.
Oil slips towards $50 on doubts over duration of output cut
Oil fell further towards $50 a barrel on March 27, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of crude.