The United States will grant a 120-day waiver for Iraq to continue importing electricity from Iran to help the new Iraqi government succeed, U.S. Secretary of State Mike Pompeo told the newly installed Iraqi prime minister. “In support of the new government the United States will move forward with a …

World Health Organization (WHO) Representative in Iran Christoph Hamelmann, praised Iran’s efforts in contain COVID-19. On the sidelines of the meeting of the World Health Organization (WHO) Representative in Iran and the Iranian Iranian Blood Transfusion Organization (IBTO) committee of COVID-19, Christoph Hamelmann talked about Iran’s progress in confronting COVID-19 …

Russia was still trying to stiff Poland on energy and gas prices in March and April despite a European court verdict that determined Russia overcharged Poland and should adjust its prices to fair market value. The Polish Oil Mining and Gas Extraction Company (PGNiG) won in the Court of Arbitration …

Russia’s oil output in the first five days of May fell to 8.75 million barrels per day (bpd), close to its production target of 8.5 million bpd for May and June under a global deal to cut crude supplies, two sources familiar with the data told Reuters. Together with gas …

Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said. Iraq, OPEC’s second largest oil producer, has instructed its biggest company, …

Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, CEO at Russian oil producer Gazprom Neft, told a Russian television channel in an interview. Dyukov said that he hoped oil prices would exceed $30 a barrel in the summer and approach …

Energy-related carbon dioxide (CO2) emissions in the US declined year-on-year by 2.8% in 2019, the country’s Energy Information Administration (EIA) said on Tuesday. The US’ energy-related CO2 emissions registered at 5,130 million metric tons (MMmt) in 2019, which was slightly below the level recorded in 2017 of 5,131 MMmt, the …

It is becoming increasingly clear that the ongoing oil demand destruction, COVID-19 lockdowns and financial crisis are going to significantly impact Saudi Arabia. In a dramatic appearance, Saudi Minister of Finance, Mohammed Al Jadaan, stated that the Kingdom is going to take any measures necessary to counter the effects of …

Social distancing is directly affecting global travel, logistics and material handling, as well as potentially creating gaps along the oil and gas supply chain that will take some time to fix, says GlobalData, a leading data and analytics company. The company’s report, ‘Coronavirus (COVID-19) Case Study: Impact on Oil & …

Iranian Permanent Representative to the International Organizations in Vienna said by accepting 21 percent of total inspections of the International Atomic Energy Agency (IAEA) in 2019 and also accepting over 90 percent of inspections in its own group, Iran is now on top of the list. Speaking to reporters, Kazem …