Energy Policy

A “real embargo” on Russian oil could end the war in Ukraine in a matter of months, the BBC has reported, citing a former chief economic adviser to President Putin. According to Andrei Ilarionov, who resigned in 2005, if the West “would try to implement a real embargo on oil …

Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signaling the urgency driving Europe’s biggest economy to wean itself off energy from Russia. “We are actively working to get independent from the import of (Russian) oil and we think that we will be able to …

A broad-based rally in GCC markets coupled with elevated oil prices have pushed the MSCI GCC aggregate benchmark up 17.7% during Q1-2022, the biggest gains since Q2-2009. Gains were supported by four consecutive months of gains in the index, according to Kamco Invest a premier investment company based in Kuwait. …

Iran is ready to hold talks with Saudi Arabia and Kuwait on the joint development of the Arash gas field (called Durra in Saudi Arabia and Kuwait), Spokesman of the Ministry of Foreign Affairs of Iran, Saeed Khatibzadeh said, Trend reports citing the ministry. According to Khatibzadeh, as Iran has …

An immediate ban on Russian energy imports would trigger an economic recession in Germany and across Europe, German Chancellor Olaf Scholz warned Wednesday. Speaking to the Bundestag, Scholz said Germany would end its energy dependence on Russia in due course but cutting all ties now would hit the German economy …

The International Energy Agency on Friday urged governments to urgently implement measures to cut global oil consumption within months following supply fears stemming from Russia´s invasion of Ukraine. The IEA also called on the OPEC+ group of oil-producing nations led by Saudi Arabia and Russia to help “relieve the strain” …

The EU plans to impose sanctions against Russian oil giants Rosneft , Transneft and Gazprom Neft and block investments in fuel production, media have reported on Monday. European Union states are set to undertake new sanctions towards Russia’s oil majors Rosneft , Transneft and Gazprom Neft, but will proceed to …

Vice President and Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said that political influences outside the framework of rules and regulations of the International Atomic Energy Agency (IAEA) can not affect Iran ties, underlining that Tehran always acted according to international rules of International Atomic Energy …

The Organisation of Petroleum Exporting Countries (OPEC) yesterday said the war between Russia and Ukraine has frightened investors from the oil and gas industry and also rattled commodity market. Speaking at the Nigeria Energy Forum (CERA Week 2022 Agenda, OPEC Secretary General, Dr. Sanusi Barkindo, noted that the war has …

The director-general of the International Atomic Energy Agency said that the IAEA and Iran are developing a more cooperative relationship in order to resolve what he called open issues with Iran. “We are moving into a more cooperative relationship, things are moving toward a better atmosphere,” he said at the …