Iran’s Oil Minister considering the price range of $ 80 to $ 90 to be the ideal price for oil, stressed that members of both OPEC and OPEC Plus have a consensus on this figure, which is a good price for both exporting and consuming countries. “Regarding the recent agreement …

Iranian Oil Minister Javad Owji said negotiations have been made with Russia on a project, promising that good news will come out about cooperation between Tehran and Moscow in the energy sector. Speaking to reporters on Saturday, Owji said the Iranian Oil Ministry has been elected as the chair of …

The International Renewable Energy Agency (Irena) estimated that hydrogen will cover up to 12 per cent of global energy use by 2050. “Hydrogen could prove to be a missing link to a climate-safe energy future,” Francesco La Camera, Director-General of Irena, said while presenting the key findings of new report: …

China has agreed with the United States to release crude from its strategic reserves around the Lunar New Year holiday on February 1, as part of the broader U.S.-led effort for strategic releases to bring oil prices down, sources with knowledge of the talks told Reuters on Friday. “China agreed …

In line with India’s commitment at the COP26 summit in Glasgow last year, the country aims to reach net-zero by 2070. Furthermore, India seeks to meet 50% of its energy needs by 2030 through renewable sources and expand non-fossil fuel power generation capacity to 500 GW in this decade. In …

The EU is to blame for its energy crisis, Russia’s Deputy Prime Minister Alexander Novak said Saturday. A global gas supply crunch has sent consumer bills soaring across Europe, fueling inflation and accusations, most recently by International Energy Agency boss Fatih Birol, that Moscow is exacerbating the problem by withholding …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 317 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 5.153 bpd in the first week of January.” The top three source countries …

The Yamal-Europe pipeline, which usually sends Russian gas west into Europe, flowed east from Germany to Poland for a 26th successive day on Saturday, data from German network operator Gascade showed. Since Dec. 21, the link between Poland and Germany had been operating in reverse mode, putting upward pressure on …

The US on Friday voiced misgivings over the Eastern Mediterranean (EastMed) Pipeline, a planned gas pipeline that would ferry Israeli fuel from the eastern Mediterranean to Greece. A State Department spokesperson who commented on the matter on condition of anonymity told Anadolu Agency that the Biden administration is looking “critically …

The U.S. Department of Energy has spent $1.1 billion on 11 carbon capture projects at coal-fired power plants and industrial facilities since 2009, most of which turned out to be failures and were never built, the U.S. Government Accountability Office (GAO) said in a recent report. The Department of Energy …