The UAE has been re-elected to the Board of Governors of the International Atomic Energy Agency (IAEA) for another two-year period during the group’s annual general conference. The UAE recently activated the reactor of Unit 1 of the Barakah nuclear facility, the first Arab country to develop and operate a …

A new International Energy Agency (IEA) report, launched at an event opened by Norwegian Prime Minister Erna Solberg, shows carbon capture, utilisation and storage (CCUS) can play vital roles of both reducing emissions and removing carbon from the atmosphere. After years of slow progress, technologies to capture carbon emissions and …

Russia rejects US attempts to oppose the Nord Stream 2 gas pipeline project by forging a coalition of project opponents, Spokeswoman of the Foreign Ministry, Maria Zakharova noted on Wednesday. “We condemn calls for forging a certain coalition against the pipeline, wherein German and other companies have already made multi-billion …

Iraq’s oil minister Ihsan Abdul Jabbar expects an agreement with the OPEC+ group to increase Iraq’s crude oil exports, state news agency INA cited him as saying on Thursday. The agency was quoting the minister’s comments to state-owned newspaper Al-Sabah. It did not give more details.

Chinese President Xi Jinping moved to seize the climate agenda from the US, vowing that the world’s largest polluter will go carbon neutral by 2060, a target hailed by environmental activists as a major stride forward. The goals, which included a pledge to reach peak emissions in 2030, are the …

The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of next year, resulting in a relatively balanced market by the end of 2021, the U.S. Energy Information Administration (EIA) said on …

The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not …

The United States is building a coalition aimed at preventing the completion of the Nord Stream 2 pipeline that will substantially increase the flow of Russian gas into Europe, the U.S. Secretary of State told German daily Bild in an interview, Oilprice analysed.. “From the US point of view, Nord …

The chief executive of Russian oil producer Gazprom Neft said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry’s forecast for the second quarter. Speaking at a conference – first large-scale industry event since Russia scrapped public …

Iranian Energy Ministry adopted plan to supply electricity to Afghanistan which soon will announced soon, Iran’s Ambassador to Afghanistan Bahador Aminian said on Wednesday. “The two countries have many opportunities for ties development in different fields that aliens should not be allowed to sabotage them, so if Afghanistan intends to …