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Investments in battery sector in Türkiye exceed $1B in 2024

Türkiye has introduced incentives and regulations to achieve a storage target of 80 gigawatt-hours (GWh) by 2030, while the energy sector's agreements to establish cell and ba...

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Istanbul faces air quality challenges amid rising pollution

Istanbul has recently been engulfed by dense fog and worsening air quality due to high atmospheric pressure. While the mist lends the city an ethereal appearance, its impact on hea...

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Türkiye, Russia to talk gas hub as Erdoğan heads for BRICS summit

President Recep Tayyip ErdoÄŸan is set to travel to Russia on Wednesday for a summit of the BRICS bloc of developing economies where he is scheduled to meet his Russian counterpart...

Türkiye launches one-of-a-kind industrial decarbonization platform

Türkiye launched on Monday a new decarbonization investment platform, marking a significant step toward achieving the country’s net-zero ambitions and strengthening the integration...

Oil surplus looms, IEA says as it reassures on Iran supply risk

The global oil market is likely to experience a significant surplus in the new year, the International Energy Agency (IEA) said on Tuesday, as it reassured markets that it is prepa...

Saudi Aramco’s profit slides as economic woes dampen energy prices

Saudi oil giant Aramco on Tuesday reported $56.3 billion in profits for the first half of the year, down from the year before due to weakening volumes sold amid worries about the g...

China, Türkiye, UAE banking scrutiny hampers Russia’s oil payments

Russian oil companies are encountering significant delays in receiving payments for their crude oil and fuel shipments due to heightened scrutiny by banks in China, Türkiye and the...

Türkiye hikes natural gas prices by 38% for households

Türkiye's state energy operator announced on Wednesday it was hiking the natural gas price by 38% for residential use as of Aug. 1, the first price hike in almost two years....

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