Energy Policy

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 …

The EU is to blame for its energy crisis, Russia’s Deputy Prime Minister Alexander Novak said Saturday. A global gas supply crunch has sent consumer bills soaring across Europe, fueling inflation and accusations, most recently by International Energy Agency boss Fatih Birol, that Moscow is exacerbating the problem by withholding …

Iran insisted on Monday that the United States and its allies promise to allow Tehran to export its crude as negotiations on restoring the tattered nuclear deal were to resume in Vienna. The remarks by Iranian Foreign Minister Hossein Amirabdollahian signal that Iran is pressing its position ahead of the …

Head of Atomic Energy Organization of Iran (AEOI) Mohammad Eslami stressed that Iran nuclear activities are within the framework of the International Atomic Energy Agency (IAEA). “Tehran’s nuclear program aims to support the country’s industrial production needs, as well as the needs of Iranian consumers for certain goods,” Eslami was …

Saudi Arabia said global oil production could drop 30 per cent by the end of the decade due to falling investment in fossil fuels. “We’re heading towards a phase that could be dangerous if there’s not enough spending on energy,” Oil Minister Abdulaziz bin Salman said in Riyadh. The result …

Attempts to cut investment in oil and gas to combat climate change are “misguided,” Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo told an energy conference on Wednesday, December 8, arguing that producers have a critical role to play during the transition to cleaner fuels. Speaking at …

The head of Atomic Energy Organization of Iran (AEOI) has said that the Vienna talks are on return of the US to the July 2015 nuclear deal and that the United States has to lift all sanctions. Removal of the sanctions has to be practical and have the possibility to …

Saudi Arabia’s Energy Minister Abdulaziz bin Salman played down the likely fallout from the new coronavirus variant that pummeled oil markets last week. “I’m a very relaxed person. I’m not concerned,” the minister said when asked how the new strain may affect demand. Abdulaziz, who was speaking to reporters in …

Head of Iran’s negotiating team in nuclear talks and deputy Foreign Minister for Political Affairs, Ali Bagheri arrived in Vienna on Saturday to attend a meeting of the JCPOA Joint Commission. Heading a delegation, Bagheri has traveled to Vienna to attend a meeting of the JCPOA Joint Commission on Monday. …

The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets. ″[A] factor I would like to underline that caused these high prices is the position some of …