OPEC notes in its August report that spot crude oil prices rose in July in the third consecutive monthly increase, averaging $43.42 per barrel. Reuters In the middle of the third quarter, investors momentarily shrugged off coronavirus fears and bumped up crude oil prices after being encouraged by rising demand …

Before his mediation trip, German Foreign Minister Heiko Maas on Tuesday called on Greece and Turkey to discuss their territorial claims in the Mediterranean. “A further escalation can only harm everyone, but above all those directly involved on site,” Maas said in a statement released by the German Foreign Office. …

Oil prices rose today, Wednesday, to more than 2%, after a drop in US oil and gasoline inventories last week. Data from the American Petroleum Institute showed that stocks of both crude oil and gasoline in the United States recorded a larger-than-expected drop last week, while distillate stocks rose. Crude …

Turkey’s largest-ever natural gas discovery in the Black Sea could lead to new cooperation with Russia and Iran even as it aims to be a producer and not just a buyer, Turkish Finance Minister Berat Albayrak said on Tuesday. “The countries we have been cooperating with for years are Iran …

Iranian Foreign Minister Mohammad Javad Zarif said that Iran has been fully transparent and over 92 percent of IAEA total comparable global inspections were carried out in Iran. In a tweet on Late Tuesday, Zarif wrote, “Very productive mtg w/ IAEA@rafaelmgrossi.” “Iran has been fully transparent: over 92 percent of …

The head of the UN nuclear watchdog stressed that his organization will carry out its commitments regrading Iran responsibly and independently, despite some pressures. Speaking In a press conference in Tehran on Tuesday, Director-General of the International Atomic Energy Agency Rafael Grossi said he will not allow any interferences in …

Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi hailed his constructive talks with Director General of the International Atomic Energy Agency Rafael Mariano Grossi, saying Iran and the IAEA opened new chapter of cooperation. Speaking in his joint press conference with IAEA chief, Salehi said Iran-IAEA cooperation …

Iranian President Hassan Rouhani has inaugurated three major gas projects worth over $5.5 billion on the occasion of the country’s Government Week. The plan for the development and improvement of the gas dispatching center and the sixth and ninth national gas transmission lines, the first phase of Bushehr Petrochemicals and …

Saudi Arabia Oil Co.’s senior management reshuffle is more than just a game of high-level musical chairs at any old energy company. The oil giant faces an uphill battle to meet promises made before its record-setting initial public offering last year — and before the coronavirus pandemic hit — to …

In his Democrat Party nomination acceptance speech last night, Vice President Joe Biden indicated that he could solve the problem of climate change. And he said he could do it all with the money the government would get by changing the tax code. In two sentences and just 75 words …