Iran’s oil minister on Monday criticized Turkey’s lack of cooperation with Iran on having the blasted Iran-Turkey natural gas pipeline repaired. In an interview with state-run radio, Zanganeh said Turkey had “not welcomed” Iran’s offer to repair a natural gas pipeline inside Turkey that was damaged by a blast in …

Global oil consumption hasn’t peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions. “In the absence of strong government policies, a sustained economic recovery and low oil prices are likely to take global oil demand back …

Iran’s second oil tanker, Forest, arrived in Venezuela amid the US threats. Forest entered the Exclusive Economic Zone (EEZ) of Venezuela early Sunday, met by the country’s navy. It follows the first of five Iranian vessels carrying an estimated total of 1.53 barrels of gasoline between them. The first vessel, …

Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian state radio reported. “No one can predict crude prices and now the demand is vague,” Bijan Zanganeh told state radio. Zanganeh also said Turkey had “not welcomed” Iran’s offer to …

Qatar Petroleum’s North Field expansion projects will be continued, said the state-owned company’s president and CEO and minister of state for energy affairs Saad Sherida Al-Kaabi. During a webinar organized by the US-Qatar Business Council, Al-Kaabi noted that the project is expected to raise Qatar’s LNG production capacity from 77 …

Saudi Arabia and Iraq have agreed to coordinate with all oil producing countries to restore balance to the oil market, according to the official Saudi Press Agency (SPA). SPA said the accord came during a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman and Iraqi Deputy Prime Minister …

Faced with a paralyzing gasoline shortage, President Nicolas Maduro of Venezuela is using Covid-19 to keep everyone home. Iranian tankers are on their way as he considers longer-term solutions including a private market for imports and sales and a price increase at the pump to kill the black market. Under …

Oil prices rallied again on Wednesday on signs of improving crude demand and a drawdown in United States crude inventories, but gains continued to be capped by concerns over the economic fallout from the coronavirus pandemic. Global benchmark Brent crude settled up $1.10, or 3.2 percent, at $35.75 per barrel, …

The installation of the first jacket of Phase 11 of South Pars Gas Field started in the Persian Gulf at the order of President Hassan Rouhani to drill 12 wells. President Rouhani said in the videoconference to inaugurate the project that the job is being done in coronavirus time and …

Global additions of wind and solar power capacity are set to fall in 2020 for the first time in 20 years due to the coronavirus crisis, the International Energy Agency said Wednesday. A revised forecast for 143 GW of capacity additions is 26 GW below October’s outlook with approximately 16 …