Energy Policy

The United Arab Emirates believes that OPEC+ made the right technical choice when it agreed to cut production, and the unanimous decision had nothing to do with politics, UAE Energy Minister Suhail al-Mazrouei said, according to Reuters. “We fully trust and believe in the technical credibility of OPEC and OPEC+. …

Iran’s oil minister said on Thursday that oil and gas swap between Iran and Russia would turn Iran the hub of energy in the region. Javad Owji, who accompanied Iran’s First Vice-President Mohammad Mokhber in Moscow to attend the second meeting of the Caspian Economic Forum (CEF), said that Iran …

Concerns over tight oil supplies and soaring inflation have intensified after the OPEC+ group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations, which worry higher energy prices …

Iranian Oil Minister Javad Owji and Japanese Foreign Minister Yoshimasa Hayashi in a meeting stressed the need for enhancing Tehran-Tokyo cooperation. Stating that Iran can play an important role in Japan’s energy supply, the Iranian oil minister called for boosting the level of economic cooperation between the two countries. “Japanese …

The temporary optimism among European politicians and governments about a less volatile natural gas market during the winter of 2022-2023 has come to an end. Just as market fundamentals seemed to be strengthening as a result of rising storage volumes and lower demand, there are a number of new risks. …

Soaring energy prices are mounting pressure on Europe to renovate its ageing, inefficient buildings as governments scramble to protect citizens from rising utility bills. Europe’s buildings are responsible for 40% of its energy consumption and many are in desperate need of better insulation in order to decrease the EU’s reliance …

Stating that his country believes in significance of returning to JCPOA, Foreign Minister of Qatar Sheikh Mohammed bin Abdulrahman Al-Thani said that Doha is trying to play a constructive role in Iran’s nuclear negotiations. Speaking on the sidelines of the 77th meeting of the UN General Assembly (UNGA) on Wednesday, …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami stressed on Monday that messages delivered by the International Atomic Energy Agency (IAEA) to us show that they intend to close the case of alleged locations. Referring to the messages from the IAEA, Eslami said that IAEA wants to …

This week saw the European Commission’s President Ursula von der Leyen do something that would have probably been considered the opposite of democracy just a few years ago. She proposed that governments impose a ceiling on certain energy producers’ revenues and add a windfall profit for Big Oil majors. Called …

Commission President Ursula von der Leyen announced a new legislative proposal, the Critical Raw Material Act, to tackle the evolving dependency on China when it comes to raw materials and ensure more resilient supply chains. The proposal was announced as part of von der Leyen’s annual State of the Union …