Energy Economy

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.

Global oil demand could fall by more than 10 percent due to lockdowns spreading across Europe to fight the coronavirus outbreak as well as measures in the US, Vitol, the world’s largest oil trader, said on Friday. But the drop would be much higher if the virus prompts widespread lockdowns …

Iranian President Hassan Rouhani said the domestic economy has reflected a positive and growing trend in the oil and non-oil sectors in the current Iranian calendar year (started in March 2019), despite intensified US pressures on the country. Speaking on the sidelines of a cabinet meeting in Tehran on Wednesday, …

The total value of Iran’s trade transactions with foreign countries during the first 11 months of the current Iranian year (March 2019 – March 2020) has neared $80 billion, the latest data released by the country’s Customs Office showed.