Energy Policy

In a meeting with the Bulgarian official, Iran’s Deputy Foreign Minister for Economic Diplomacy said that Iran is ready to cooperate with Bulgaria in the energy field. During the meeting held with Deputy Minister of Foreign Affairs of Bulgaria Velislava Petrova on Sunday, Mahdi Safari expressed satisfaction with the increase …

China increasingly sees the war in Ukraine — and the roles of the United States and its NATO allies in backing Kyiv against Moscow — as a reflection of future tensions to come between the military bloc and Beijing in the Indo-Pacific. Ever since Russian tanks first crossed into Ukraine …

Russia’s crude oil production is on the rise so far in May, Deputy Prime Minister Alexander Novak told TASS news agency on Monday. Russia’s crude oil production slipped by half a million bpd in March, by a full million bpd in April, with many analysts stating concern that those barrels …

OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions while stressing its worries over the demand outlook due to new Covid-19 lockdowns in China. Delegates from the group said OPEC+ was set to agree another monthly increase of …

The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions over the war in Ukraine. European Commission President Ursula von der Leyen, addressing the European Parliament in …

Russian President Vladimir Putin has threatened to terminate exports and deals with the West and add certain individuals and entities to the Kremlin’s sanctions list in retaliation for sanctions imposed by the United States and the European Union. Russian President Vladimir Putin introduced a package of economic measures on Tuesday …

An expert on energy has said that in addition to Iran, Saudi Arabia, the United Arab Emirates, and Kuwait also will not have good conditions in the oil market Mahmoud Khaghani said in remarks to ILNA that “Our oil and gas market is in a very special situation and we …

Russia’s attack on Ukraine and the uncertainty caused in the energy market due to it has prompted the European Union (EU) to focus its attention on reducing its dependency on Russian energy and look for more sustainable options. The bloc looks to phase out its dependence on fossil fuels from …

The world’s economy is forecast to grow around 3.6% this year, but Arab oil exporters are seeing a windfall from high energy prices that will buoy their economies and replenish their financial reserves this year and next, according to a report released Wednesday by the International Monetary Fund. Those hard-hit …

The biggest energy shock since the 1970s is expected to keep oil and other energy prices elevated for years as the Russian invasion of Ukraine is changing energy trade flows and consumption and production, the World Bank said in its latest Commodity Markets Outlook report on Tuesday. Prices of food …