United Arab Emirates’ energy minister Suhail Al Mazrouei said on Saturday that an OPEC+ decision to cut oil supply will have a major impact on rebalancing the oil market amid the coronavirus outbreak. “The group’s decision to cut supply will be the largest ever cut in the history which will …

The Kremlin said on Saturday it hoped the world’s largest oil producers would come to a consensus on output cuts and that negotiators were still trying to persuade Mexico to take part in a deal, TASS news agency reported. OPEC, led by Saudi Arabia, and its allies, led by Russia, …

According to market research firm, Frost & Sullivan, increasing demand for energy worldwide and traditional energy independence due to volatile oil prices is encouraging governments throughout the world to harness the potential of renewable energy, driving the global market for wind turbine materials. Expanding at a compound annual growth rate …

India’s mega plans to expand transmission infrastructure to support upcoming and planned renewable energy projects continues to take shape. The government-owned REC Transmission Projects Company Limited (RECTPCL) recently approved setting up seven transmission projects to support renewable energy parks in various parts of the country. The company has approved plans …

The assistant for economic affairs at the Trade, Industry and Mining Development Corporation of Ilam province , Saeed Sharifi announced on Saturday that during the last Iranian year (ended 19 March 2020), one billion and 183 million dollars of goods were exported to Iraq through Mehran international borders. According to …

The United Nations Industrial Development Organization (UNIDO) in cooperation with the government of China will jointly finance a project for medical waste management in Iran during the coronavirus outbreak in the country. The project will cost more than one million euros which will be totally provided by UNIDO and China, …

Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with Mexico despite United States President Donald Trump’s mediation offer. OPEC led by Saudi Arabia and its allies led by Russia, which together make …

Top oil producers struggled to finalise production cuts during a virtual summit held by G20 energy ministers on Friday, despite US President Donald Trump’s mediation efforts to end a standoff with Mexico. The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output …

Major oil producers except Mexico agreed to cut output in May and June by 10 million barrels per day, OPEC said on Friday, after marathon talks to counter a collapse in prices. The videoconference led by the Organization of the Petroleum Exporting Countries has been seen as the best chance …

Iranian Majlis Speaker Ali Larijani and Mustafa Sentop, the Turkish parliament speaker, held a phone conversation on Wednesday discussing cooperation and joint actions in containing the coronavirus. Sentop also wished recovery for Larijani who has tested positive for coronavirus. The public relations department of the Majlis issued a statement on …