Energy Policy

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi arrived in Tehran to resolve issues regarding safeguards agreement. Upon his arrival, Grossi was welcomed by the spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi. During his stay in Tehran, Grossi is to confer with Iranian …

Japan should discuss a possible sharing of nuclear weapons similar to that of NATO members in the wake of the Russian invasion of Ukraine, former Prime Minister Shinzo Abe said Sunday. NATO’s nuclear sharing arrangements let the U.S. keep its nuclear weapons in Europe under its custody. “Many people in …

Iranian Petroleum Industries Equipment Manufacturers Association (known as SIPIEM) has signed a memorandum of understanding (MOU) with Bank Saderat Iran (BSI) to provide 50 trillion rials (over $193 million) of facilities to domestic manufacturers of oil industry equipment. As reported by Shana, the mentioned MOU was signed by SIPIEM Head …

German Chancellor Olaf Scholz has told CNBC that the West has to work “very hard” to find alternative sources of energy beyond Russia as talks of potential sanctions intensify. Speaking to CNBC’s Hadley Gamble at the annual Munich Security Conference, Scholz stressed that much of the West is reliant upon …

Sources close to the Organization of Petroleum Exporting Countries (OPEC) have told Reuters that OPEC+ is expected to persuade Iran to join the group’s cut deal if the U.S. sanctions are lifted from the country’s oil industry. A successful outcome to the Vienna nuclear talks could lift U.S. sanctions on …

High energy prices are jeopardizing the world’s pandemic recovery, the International Energy Agency’s executive director said Feb. 16, calling on OPEC and its allies to hit their oil production targets and for countries not to wield energy as a geopolitical weapon. “Today, very high oil and gas prices are putting …

China’s representative at the Vienna multilateral talks to revive Iran’s nuclear deal says the negotiations are in the concluding stages. Wang Qun told Iran International on Saturday that the Iranian negotiating team has returned to the talks with their final package. Answering a question about the remaining issues that should …

OPEC+ may decide on Wednesday to announce a larger production increase for March than the usual 400,000 barrels per day, considering the oil price rally to $90 and the potential for renewed discontent from major oil importers at these high price levels, Goldman Sachs said in a Tuesday note. “We …

European Union climate chief Frans Timmermans called on member states to increase investment in renewable energy and eventually wean the continent off Russian gas. Tensions between the bloc and Russian President Vladimir Putin have been escalating amid accusations that Gazprom PJSC, Russia’s state-owned energy company, isn’t doing more to fill …

Global oil markets look tighter than previously thought as demand suffers surprisingly little impact from the latest coronavirus strain while supplies are curbed by disruptions, the International Energy Agency said. The surplus facing world markets this year is shrinking, with oil demand — slightly upgraded from last month — on …