China tripled investment in solar power projects in the first four months, putting the nation on track to install record amounts of new clean energy capacity. Investment in solar was 29 billion yuan ($4.3 billion) from January through April, about 204% higher than in the same period a year earlier, …

In a meeting with the Bulgarian official, Iran’s Deputy Foreign Minister for Economic Diplomacy said that Iran is ready to cooperate with Bulgaria in the energy field. During the meeting held with Deputy Minister of Foreign Affairs of Bulgaria Velislava Petrova on Sunday, Mahdi Safari expressed satisfaction with the increase …

Nigeria has, more than ever before, been exposed as a country that is unable to meet its OPEC’s quota of 1.772 million. It is unable not take advantage of the looming Russian oil ban to ramp up its revenue. Following the war between Russia and Ukraine, the European Commission recently …

Oil was up on Monday morning in Asia as the U.S. peak driving season sees higher demand. Brent oil futures gained 0.63% to $110.71 by 12:26 AM ET (4:26 AM GMT) and crude oil WTI futures jumped 0.54% to $110.88. “Oil prices are supported as gasoline markets remain tight amid …

Managing Director of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr said on Sunday that the government of President Seyed Ebrahim Rayeesi has managed to restore 1mln bpd of crude production which had been lost due to the US sanctions. Iran produced 3.838 million bpd before the US pulled …

Offshore wind power installations will increase nearly nine-fold this decade as the world pours $1 trillion into the clean energy technology to help meet climate goals, according to consultancy Wood Mackenzie Ltd. Twenty-four countries will have turbines at sea by 2030, accounting for 330 gigawatts of generating capacity, analysts including …

The Manager of National Iranian Oil Company (NIOC) for Investment and Business Affairs announced the conclusion of a confidential contract, valued at €500 million, with a foreign company. Fereydoun Kord-Zanganeh made the remarks on Sunday in an interview with the Iran newspaper and stated that the company signed oil contracts …

Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani says the return of Iranian oil to world markets will help stabilize oil prices. Iran’s oil is under sanctions imposed by the United States after it withdrew from the Iranian nuclear deal in May 2018, nearly three years after the accord was …

Qatar is striving for a diversified set of customers for its natural gas, the Gulf state’s energy minister told German daily Handelsblatt, potentially posing a limit to Germany’s purchasing ambitions to cut its dependency on Russian energy. “Just like buyers want to diversify their supplier base, we are keen to …

Iran and Oman have agreed to revive a deal for natural gas exports to the latter and jointly develop Hengam natural gas field in the Strait of Hormuz in the Persia Gulf. The agreement was made during the recent visit by Iranian Oil Minister Javad Owji to Muscat. The deal …