Energy Policy

The International Atomic Energy Agency on Sunday urged Iran to resume talks to revive the 2015 nuclear accord. The International Atomic Energy Agency chief in an interview broadcast Sunday by CNN urged Iran to resume talks “now” to avoid a crisis that could make it “extremely more difficult” to salvage …

Iranian Foreign Minister Hossein Amir Abdollahian in a phone conversation with UN Secretary-General Antonio Guterres blasted the US and its allies for sponsoring a “hasty and politically-driven” resolution at the IAEA Board of Governors against Iran. Amir Abdollahian criticized the US and its European allies for the submission of an …

Iran’s foreign minister has reiterated that the country is not seeking an A-bomb, but will keep developing its nuclear knowhow. “Nuclear technology is a complex one. Only when a country develops its knowhow in the domains of physics, mathematics, chemistry and different dimensions of science and technology can it achieve …

Based on current projections, energy prices are expected to rise by 50 percent in 2022, reflecting an 81 percent increase in coal prices, a 74 percent rise in natural gas prices (average of the European, Japan, and U.S. benchmarks), and a 42 percent increase in the price of oil, Trend …

Saying that issuing an anti-Iran resolution at IAEA BoG is very counterproductive for the JCPOA, the Russian envoy to International Organizations stressed that Russia will not associate itself with such a resolution in anyway. The International Atomic Energy Agency (IAEA) Board of Governors meeting in Vienna began on Monday, with …

The gap between what is said in crude oil markets and what actually happens in the physical trading world has been illustrated by a commitment by the OPEC+ group to boost output being followed by its top member, Saudi Arabia, raising prices. Producer group OPEC+ said after meeting last week …

The European Union on Friday formally approved an embargo on Russian oil and other sanctions targeting major banks and broadcasters over Moscow’s war on Ukraine. EU headquarters says Russian crude oil will be phased out over six months, and other refined petroleum products over eight months. It says that “a …

French Foreign Ministry has called on authorities of the Islamic Republic to release the two seized Greek tankers in the waters of the Persian Gulf. Iran’s seizure of two Greek-flagged oil tankers in Gulf waters is a “violation of international law”, France’s foreign ministry claimed in a statement on Sunday, …

Apart from the host nation Qatar, the FIFA World Cup 2022 should deliver sizeable economic prospects for UAE and Bahrain too. The football carnival is expected to give a $20 billion to $25 billion boost to Qatar. In addition, rising liquid natural gas (LNG) prices and the spurt in orders …

European Commission President Ursula von der Leyen has ruled out reaching an EU-wide agreement on banning Russian oil imports at next week’s European Council summit. In an interview with POLITICO on the sidelines of the World Economic Forum in Davos, von der Leyen said she did not want to raise …