Oil prices fell on Monday, with Brent dropping after four days of gains, as investors and traders awaited crucial talks by OPEC+ after disagreement within the group that could lead to major producers pumping up volumes to grab market share. Brent crude was down by 40c, or 0.5%, at $75.77 …

The UAE sought to clarify its position on oil supply ahead of a crucial meeting of OPEC+, the producers’ alliance led by Saudi Arabia and Russia. A statement from the Emirates’ Ministry of Energy and Infrastructure said: “UAE believes that the market needs an increase in production and supports an …

Iraq backs a proposal by the Organization of the Petroleum Exporting Countries and its allies to extend a pact on output curbs until December 2022, Oil Minister Ihsan Abdul Jabbar said on Sunday, adding he expected oil prices to remain at $70 per barrel or above until then, reports Reuters. …

The growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable energy supplies, said the International Energy Agency (IEA) in a new report. Global hydropower capacity is expected to increase by …

Qatar Petroleum has signed a sale and purchase agreement (SPA) with Shell for the supply of 1 million tons per annum (MTPA) of LNG to China for 10 years. LNG deliveries will commence in January 2022 to various LNG terminals in China. Saad Sherida Al-Kaabi, the Minister of State for …

Iraq’s Oil Minister Ihsan Abdul said Lukoil PJSC sent him a notification to sell its stake in the West Qurna-2 field to Chinese companies, and that BP Plc wants to pull out of the giant Rumaila field. In a video posted on a Facebook page under his name, the minister …

The EU has expressed hope that it can transfer its expertise in renewable energy and work in Libya on these projects. The EU Mission in Libya said, in a report posted to its SMS page, that in view of the constant power outage a large number of Europeans were keen …

Turkey will carry on exploring for oil and gas in the eastern Mediterranean, President Tayyip Erdogan said on Friday in comments that may revive tensions with the European Union and Greece amid attempts to repair their frayed ties. Turkey is at odds with EU members Greece and Cyprus over energy …

The Bushehr Nuclear Power Plant in the Bushehr Province (southern Iran) will resume operations today on July 3, the Spokesman for the Ministry of Energy of Iran Mostafa Rajabi Mashhadi told IRNA, Trend reports. The spokesman stressed that like other power plants, the Bushehr NPP needs to be repaired after …

Iran’s Ambassador to the Vienna-based international organizations Kazem Gharibabadi said on Saturday that the IAEA Deputy Director-General for Safeguards Massimo Aparo is traveling to Iran in the coming days. Gharibabadi said that Aparo is also one of the inspectors approved for Iran, saying his visit is in line with routine …