The meeting of the OPEC+ monitoring committee and the ministerial meeting of the alliance countries will take place on April 27 – a day earlier than previously planned, according to the OPEC agenda. The information was confirmed by a TASS source. The meeting of the monitoring committee is scheduled for …

Saudi Arabia could save some $200 billion over the next ten years by switching from crude oil to natural gas and renewables for electricity production, Reuters reports, citing the Kingdom’s Finance Minister. “Instead of buying fuel from the international markets at $60 and then selling it at $6 for Saudi …

OPEC and its allies projected a strong recovery in global oil demand this year, but the outlook was clouded by a raging virus outbreak in India just days before the group’s next meeting. A committee of technical experts from the group forecast that world oil consumption will rebound by 6 …

China Three Gorges Renewables Group Co. is set for an initial public offering that could be the biggest in the country this year after securing regulatory approval. The unit of China Three Gorges Corp. plans to sell up to 8.57 billion shares in Shanghai, it said in a prospectus filed …

As far as Germany is concerned, the Nord Stream 2 gas pipeline under construction makes sense in terms of energy security and it is unrealistic to view it as a lever of influence on Russia, German Foreign Minister Heiko Maas says in an interview posted Monday on the German news …

Experts from China will be invited to be part of an International Atomic Energy Agency (IAEA) technical working group pertaining to Japan’s disposal of nuclear wastewater, a Chinese Foreign Ministry spokesperson said Monday. Spokesperson Wang Wenbin told a daily press briefing that the news was recently confirmed by the IAEA. …

UAE oil storage company BPGIC is in advanced talks to buy a green energy firm as it aims to diversify its business and contribute to the global push to fight climate change, an industry source close to the discussions told Reuters. Brooge Petroleum and Gas Investment Co (BPGIC) is in …

The 28th edition of meeting of Iran-Turkey Joint Economic Cooperation Commission will be held on April 28-29 to discuss enhancing and broadening bilateral ties on issues of mutual interests. This meeting will be held in the presence of Chairpersons of Iran-Turkey Joint Economic Cooperation Commission Mahmoud Vaezi Iranian President’s Chief …

Iranian petrochemical companies now fully meet the domestic need for benzene and the imports of the chemical product will stop from now on, according to an Oil Ministry’s statement on Sunday. Iran will no longer need any imports of benzene as one of the Iranian petrochemical companies has now met …

The visit by Chinese Foreign Minister Wang Yi to the Democratic Republic of Congo (DRC) earlier this year was indicative of a shift in Beijing’s lending and investment focus for Africa, according to analysts.During his trip to Kinshasa in January, Wang promised that Beijing would write off loans to the …