Energy Policy

Iranian Minister of Petroleum Bijan Zanganeh on Sunday said that OPEC+ cannot turn a blind eye to the return of Iranian oil production to global markets after the imposed sanctions are removed. The Iranian Minister stated that the 18th session was procrastinated due to the UAE opposition 20 days ago. …

OPEC and its allies struck a deal to inject more oil into the recovering global economy, overcoming an internal split that threatened the cartel’s control of the crude market. An unusually public dispute that tested the group’s unity was resolved in a classic compromise — with Saudi Arabia meeting the …

OPEC+ members plan to hold their next meeting today, July 18, to decide on output policy, Reuters reported, citing sources within the producers group. The group did not reach an agreement on oil production policy, starting from August, during the two meetings held earlier this month, while a third meeting …

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 …