Energy Policy

Nord Stream 2 should complement, not completely replace, gas transit through Ukraine, as another scenario will cause tensions, German Chancellor Angela Merkel said after meeting with US leader Joe Biden in Washington on July, 15. “For me, Nord Stream 2 is an additional project, not a project instead of gas …

OPEC+ has not been successful in making progress in closing divisions between Saudi Arabia and the United Arab Emirates. OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this …

OPEC+ has delayed its decision on the extent of crude oil production increases, raising questions about the alliance’s capacity to coordinate production and highlighting disagreements about supply policies, according to Fitch Ratings. Earlier this week, OPEC+ postponed for a third time its meeting to finalise the decision on the next …

The postponement of the OPEC+ meeting will not jeopardize the group’s efforts until April 2022, but oil supplies are already squeezed in an already tight market. The agreement is still valid until then, even if the 18th OPEC+ meeting hasn’t yet reach a deal on output increases, as the UAE …

Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month. The bitter clash has forced OPEC+ to halt talks twice already, with the next …

Iranian Minister of Petroleum Bijan Zanganeh said that Iran would return to the markets swiftly when US sanctions were lifted, regardless of the decisions made by the producer group. The 18th meeting of oil and energy ministers of member and non-member producers of the Organization of the Petroleum Exporting Countries …

There is economic life after the pandemic. While the novel coronavirus hasn’t been vanquished, oil demand has significantly risen in the past couple of months. According to the IEA, by the end of 2022 demand could have rebounded to pre-Covid levels. Rising prices are causing mild distress in Moscow which …

The Iranian Foreign Ministry announced on Monday that still no decision has been taken to extend or not to extend monitoring deal with the International Atomic Energy Agency. “Still no decision has been taken about agreement or no agreement, or how to continue or not to continue cooperation with the …

Iranian Parliament Mohammad Baqer Qalibaf has announced that Iran’s three-month deal with the UN nuclear watchdog has expired and thus Iran won’t give its data recordings to the UN body. Qalibaf made the remarks in response to a question from a lawmaker on the latest developments regarding the deal between …

In reaction to the recent remarks of Rafael Grossi, Iran’s ambassador to the Vienna-based international organizations said that Iran is committed to safeguards obligations, no less and no more. “Despite the three-month joint technical agreement between the IAEA and Iran, it should be noted that the basis of this agreement …