Energy Economy

Russia and Saudi Arabia’s energy ministers agreed to stabilize the oil market.

Saudi Energy Minister His Royal Highness Prince Abdulaziz bin Salman Al-Saud and his Russian counterpart Alexander Novak reaffirmed their respective countries’ firm commitment to maintaining the stability of the global oil markets. The two ministers held a call today during which they underlined their countries’ joint consultations regarding latest developments …

The French firm owns and operates 118MW of onshore wind farms in France, with an additional 63MW portfolio under development.

Serbian President received the credential of Iran's new ambassador to Belgrade Rashid Hassanpour on Tuesday and emphasized on promoting cooperation with the Islamic Republic in various fields, especially economy and trade.

It will take more than a year, and perhaps several, for oil demand to recover to what it was before the coronavirus shuttered economies and caused energy markets to collapse, according to the head of the International Energy Agency. Crude demand of about 100 million barrels a day prior to …

The OPEC+ agreement and the additional oil output cuts announced this week will push GCC budgets even deeper into deficit, according to Fitch Ratings. Saudi Arabia said on Monday it would add to existing cuts by reducing output by another 1 million bpd next month — equivalent to 1 per …

Iranian President Es’hagh Jahangiri said that promotion of export of non-oil commodities in the country is the sole way of booming domestic production.

Islamic Republic of Iran extracted more than 64.2 million of iron ore in the past Iranian calendar year [from March 21, 2019 to March 20, 2020].

Islamic Republic of Iran and Nakhichevan Autonomous Republic explored avenues for boosting and enhancing trade cooperation via a video conference meeting.

The boost of funding available for solar rebates aims to lessen the impact of the pandemic upon the solar market and encourage more consumers to go ahead with installations.