Energy Policy

At a meeting in Ashgabat between the President of Turkmenistan Serdar Berdimuhamedov, Iranian Energy Minister Abbas Aliabadi, and Chairman of the Central Bank Mohammad Reza Farzin, the possibilities of expanding bilateral cooperation between the two countries in the oil and gas sector, as well as diversifying energy supplies to global …

The OPEC+ group faced a “reality check” in discussions about its production policy and had the double task of attending to fundamentals and at the same time putting together something to assuage the negative market sentiment, Saudi Energy Minister, Prince Abdulaziz bin Salman, told CNBC in an exclusive interview on …

Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said that the interactions between Iran and the IAEA should occur in a non-political atmosphere and within the framework of existing commitments. During an open session of the Iranian Parliament on Sunday morning, Ghalibaf reacted to the anti-Iran stance of the three European …

International Atomic Energy Agency’s Board of Governors has started its quarterly meeting on Wednesday in Vienna with its Director General Rafael Grossi’s opening speech. “Addressed the @IAEAorg Board of Governors this morning. Shared updates on #COP29, Iran, Ukraine, nuclear energy and fusion, #Atoms4Food, #RaysofHope, and more,” Grossi wrote in a …

The United States has introduced a fresh wave of sanctions targeting Iran’s oil and petrochemical industries, following Iran’s retaliatory missile attacks on Israeli military and intelligence facilities earlier this month. The sanctions, announced by the U.S. Treasury Department on Friday, are aimed at intensifying financial pressure on Iran, restricting its …

Central Asian countries are taking steps to broaden relations with their southern neighbor, the Taliban-led Afghanistan, despite the hard-line group’s increasingly restrictive policies, particularly toward women. Kyrgyzstan removed the Taliban from its list of terrorist organizations earlier this month, Turkmenistan resumed work with Afghanistan on a major gas-pipeline project, and …

Liquefied natural gas (LNG) has become the world’s most sought-after emergency energy source following Russia’s invasion of Ukraine on 24 February 2022. This is because it is readily available in the spot markets and can be moved quickly to anywhere required, unlike gas or oil sent through pipelines. Unlike pipelined …

OPEC+ is set to proceed with a planned oil output hike from October, as Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, sources from the producer group told Reuters. Eight OPEC+ members are scheduled to boost output by 180,000 barrels …

OPEC+ delegates expect the group’s monitoring session next month to be routine, making no changes to plans for a supply hike starting in the fourth quarter. The group led by Saudi Arabia and Russia agreed last month to begin gradually restoring roughly 2.2mn barrels a day of halted crude output …

Russia plans to make extra crude production cuts to compensate for pumping above its OPEC+ quota in the warm seasons of this year and next, according to people with knowledge of the matter. Moscow’s additional curbs will most likely happen in summer and early fall for technological reasons, said the …