Energy Economy

UN Reacts to Iran’s Plan to Limit IAEA Inspection

A UN spokesman has reacted to Iran’s decision to limit the International Atomic Energy Agency’s inspection of country’s nuclear facilities. The United Nations is calling on Iran to fully cooperate with the International Atomic Energy Agency (IAEA), UN spokesman Farhan Haq said, commenting on Tehran’s plan to limit IAEA inspections …

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Iran’s Crude oil Output Grows in January

Iran continues its march toward retaining the oil market share as the country added more barrels to its daily production in January compared to the previous month, data published by OPEC showed. Iran’s crude oil output averaged 2.08 million barrels per day last month, an increase of 62,000 bpd from …

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OPEC Won’t Change Policy at Next Meeting

Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude exporters meets on March 4 and members will probably agree to keep output steady …

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