Energy Economy

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

Managing Director of Astara Customs said on Saturday that 774,000 tons non-oil products worth $410m were exported during the last Iranian calendar year (finished on March 20). Rasoul Omidi said most the products included agricultural, chemical mineral, steel, food, plastic products, cement, cast, detergent, textile, artifacts, carpet, cloth, bag and …

Iranian President Hassan Rouhani said that 20 percent of the country's annual budget is dedicated to combating coronavirus, also known as COVID-19.

The US State Department shot down reports Trump administration will grant waivers to aid Iran’s coronavirus relief effort. The US State Department shot down “inaccurate” reports claiming the Trump administration would soon be granting special sanctions exceptions to give Iran access to cash assets as it struggles to fight the …

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced on Wednesday that a part of the country’s frozen assets will possibly be released in the near future to help the country in controlling the coronavirus pandemic.

Iranian President Hassan Rouhani penned a letter to the Leader of the Islamic Revolution for withdrawing $1 billion from the National Development Fund of Iran (NDFI) to combat coronavirus, also known as COVID-19.

The clean energy company, which operates in 45 states, says will support the most vulnerable members of our communities.

That’s the suggestion from CAPA Centre for Aviation, a Sydney-based consultancy, which predicts the majority of the world’s airlines will be out-of-business by the end of May.

The global economy will begin to recover after the current situation with the novel coronavirus (COVID-19) stabilizes, Russian Prime Minister Mikhail Mishustin said during the government session on economic issues on Saturday. He added that Russia’s oil industry is ready for volatility on world markets. “Today, the global economy is …

The ENA has written to the customers it represents stating around 36,000 energy sector employees were working to ensure that homes in the UK stay powered.