Energy Policy

Oil-producing group OPEC will continue to strengthen its relationship with the U.S. energy industry under Joe Biden’s new administration, the oil cartel’s Secretary General Mohammed Barkindo told CNBC on Tuesday. It comes despite the Democratic leader’s stated commitment to fight climate change and focus on renewable energy. Barkindo congratulated Biden …

Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Monday said fuel prices had gone up because of lower production in oil-producing nations due to the coronavirus pandemic. This lower production had caused an imbalance in demand and supply, the minister said. “Oil producing countries stopped production or reduced …

The International Energy Agency (IEA) will later this year publish the world’s first comprehensive roadmap for the energy sector to reach net-zero emissions by 2050. It is among a number of projects for 2021 announced by the IEA yesterday to support efforts to reach global energy and climate goals. The …

Iran’s ambassador to Vienna-based international organizations urged the International Atomic Energy Agency (IAEA) to address the Israeli regime’s nuclear status. In a letter to IAEA Director General Rafael Grossi, Kazem Gharibabadi urged the UN nuclear watchdog to draw the attention of all members of the Treaty on the Non-Proliferation of …

Government spokesman Ali Rabiei said on Monday that Iran has started the pre-processing stage of gas injection a couple of hours ago in Fordow nuclear site, noting that the first UF6 enriched uranium will be produced in a few hours. Speaking to IRNA, Rabiei said that Iran’s President Hassan Rouhani …

The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV. The interview was published on Monday as ministers from OPEC+ countries …

OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said on Sunday, a day before meeting allies led by Russia to discuss output levels for February. “Amid the hopeful signs, the outlook for the first half of 2021 is very mixed …

Iranian Energy Minister Reza Ardekanian on Tuesday described his talks with senior Iraqi officials, including Prime Minister Mustafa al-Kadhimi during his visit to Baghdad as constructive and successful. Ardekanian and his accompanying delegation left Baghdad for Tehran late on Tuesday after day-long intensive talks with the Iraqi high-ranking officials. During …

The Saudi cabinet said it reviewed on Tuesday the results of a Saudi-Russian joint governmental committee meeting, in which the two countries reaffirmed commitment to the cooperation pact between petroleum producing countries and the declaration of the OPEC+ group to support the stability of global oil markets, a cabinet statement …

Caretaker of planning and development department of National Petrochemical Company of Iran Hassan Abbaszadeh said on Saturday that the company is focusing on leading petrochemical projects to replace the crude oil and gas exports. He made the remarks speaking to IRNA economic correspondent on Saturday. Noting that the price of …