Behind the facade of political rhetoric, Russia and the United States have embarked on an impressive show of synergy, with fuel oil becoming a rare demonstration of improving relations. The issue of US-Russia energy ties has been enjoying a bit of media spotlight as President Trump accused Democrats in New …

Iraq is in talks with ENI to build a 300,000 b/d refinery at an estimated cost of $4 billion near the Zubair oil field operated by the Italian company in the southern part of the country, the oil minister told a webcast with Jordan-based Iraqi Business Council. The first phase …

The global economy is likely not headed for any major slowdown due to COVID-19 but piled-up storage and uncertainty over China’s oil demand cloud oil markets’ recovery, an official with International Energy Agency (IEA) said. Keisuke Sadamori, IEA director for energy markets and security, told Reuters the outlook for oil …

Iranian Minister of Petroleum Bijan Zangeneh announced on Monday that Iranian gas export has doubled over the past seven years period. Zangeneh made the remarks at opening ceremony on 151 gas distribution projects in the western Iranian province of Kermanshah. The exports of liquid fuel have quadrupled in the mentioned …

Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline was at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the …

Oil Minister, Ihsan Abduljabbar announced today, Sunday, that the ministry is planning to raise the production capacity of Baiji refineries to 280,000 barrels/day. Abduljabbar said in a statement received by Shafaq News agency, “the ministry’s plans aim to increase production from northern refineries to 280,000 barrels per day”, stressing, “in …

The export of non-oil commodities in the current Iranian year –a period of around 6 months- via the southeastern port city of Chabahar has risen by 95 percent compared to the corresponding period a year earlier, an official said. Director General of the Ports and Maritime Organization of Iran in …

The French government has launched a new Covid-19 recovery plan that includes €30 billion to invest in the energy transition. The top priority is the creation of a hydrogen economy, with €2 billion to be invested by the end of 2022 and €7.2 billion up to 2030. The money will …

Oil prices could potentially rise to around $65 per barrel next year, but expected to be volatile, Russian Energy Minister Alexander Novak said on Friday, speaking at an online conference reported by Reuters. He also expected that global oil demand could fall by 9-10 million barrels per day (bpd) this …

Iranian Ambassador and Permanent Representative to Vienna-Based International Organizations Kazzem Qaribabadi underlined that the latest report by the International Atomic Energy Agency on Safeguards Agreement with Iran is harbinger of positive and constructive prospects for relations between the Islamic Republic and the IAEA. “The report deals with the development of …