Energy Policy

OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not fund new oil, gas and coal supply projects if the world …

In the IEA’s “net-zero emissions by 2050 scenario”, fossil fuels make up slightly more than one-fifth of total energy supply, down from almost four-fifths today. Supplies would become increasingly concentrated with a small number of low-cost producers. OPEC’s share of a much-reduced global oil supply grows from around 37% in …

Foreign Policy Commission Spokesman Abolfazl Amouei said that the extension of the agreement between Iran and the IAEA must gain approval of Iranian governing bodies. “According to Strategic Action Plan to Counter Sanctions, the agreement between Iran and the International Atomic Energy Agency to lift sanctions is subject to a …

Beginning of the fourth round of talks in Vienna to revive the JCPOA and multilateral attempts to reach a win-win agreement as soon as possible has caught eyes in global oil market, making OPEC Plus ministers closely watch developments in Vienna, Iran Newspaper wrote in a report on Monday. Analysts …

The European Union has been forced to postpone its energy and climate legislation, which is highly likely to include CO2 quotas on shipping, by one month. The policy which was to have included the emissions trading legislation which will regulate shipping and aviation and regulate the price of CO2 was …

The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC) took place via teleconference on Tuesday, 27 April 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation. The …

The meeting of the OPEC+ monitoring committee and the ministerial meeting of the alliance countries will take place on April 27 – a day earlier than previously planned, according to the OPEC agenda. The information was confirmed by a TASS source. The meeting of the monitoring committee is scheduled for …

OPEC is encouraging its members to engage with the U.S. administration over a proposed U.S. bill against the group, known as NOPEC, and to explain that passing the bill could put at risk U.S. interests abroad. A U.S. House panel passed a bill this week to open OPEC to lawsuits …

Abu Dhabi is simultaneously preparing for an increase in oil and gas demand in the coming years and for the global rise of renewable energy. News has emerged that the emirate is considering the sale of a $4 billion stake in one of the most successful Arab energy companies, TAQA, …

OPEC+ is heading for a largely technical meeting next week where major changes to policy are unlikely, Russian Deputy Prime Minister and OPEC+ sources said. Alexander Novak said on Wednesday the group may confirm or tweak output plans following its decision to ease production curbs. “We met a month ago, …