OPEC and its allies expect oil inventories to fall further in the coming months, OPEC’s secretary general said on Monday, suggesting efforts by the producers to support the market are succeeding. Oil stocks in developed world nations fell by 6.9 million barrels in April, Mohammad Barkindo said in a virtual …
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Russian oil giant Rosneft PJSC warned of an impending shortfall in supply as global producers increasingly channel funds into a “hasty” energy transition. “The world risks a severe deficit of oil and gas,” Rosneft Chief Executive Officer Igor Sechin said Saturday at the St. Petersburg International Economic Forum. “The world …
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The Organization of the Petroleum Exporting Countries oil cartel and allied producing countries (OPEC+) confirmed on Tuesday plans to gradually restore crude output by 2.1 million barrels per day (bpd). The decision was made in an online meeting earlier on Tuesday. Saudi Energy Minister Prince Abdulaziz bin Salman hailed a …
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Head of the Atomic Energy Organisation of Iran (AEOI) Ali-Akbar Salehi has in a letter to Director General of the International Atomic Energy Agency Rafael Mariano Grossi reaffirmed Iran’s full cooperation with the IAEA, according to Iran’s envoy to international organisations in Vienna. “In this letter, it is mentioned that …
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The global crude oil demand will grow by 6 mln barrels daily in 2021. The forecast is kept unchanged as compared to the April estimate, according to the final report of the OPEC+ Joint Technical Committee (JTC), with its copy seen by TASS. Committee experts had a videoconference meeting today. …
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Iran and six world powers have made significant progress in talks to revive their 2015 nuclear deal but important issues still need to be resolved, the Iranian Foreign Ministry spokesman said on Monday. Iran and the powers have negotiated in Vienna since April to work out steps that Tehran and …
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Iran’s Oil Minister Bijan Zanganeh said his country is ready to increase gas exports to Iraq. “We are ready to increase the gas exports to Iraq,” Zangeneh said in a meeting with a visiting Iraqi delegation led by Finance Minister Ali Abdul-Amir Allawi on Saturday. In a relevant event in …
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Head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi said here on Monday that the %60, 20% and 5% enrichments still continue. He said the quantity of Iran’s stored %20 enriched uranium is now over 90 kilograms. About further extension of recording time for the IAEA cameras …
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Russia’s Permanent Representative to International Organizations in Vienna said that reaching an agreement between Iran and IAEA will be beneficial to all sides in the Vienna talks. Mikhail Ulyanov in a Sunday tweet wrote,” We wish the #IAEA and #Iran to reach agreement on extension of the bilateral technical understandings …
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India is still hopeful it can participate in the Farzad B natural gas field development in the Persian Gulf after Iran decided to go ahead with the project without foreign participation, oil ministry officials told S&P Global Platts on May 23. With US and Iran talks progressing to end sanctions …
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