Energy Policy

The Iraqi Ministry of Oil announced on Sunday that the meeting and the celebration marking the establishment of OPEC and OPEC + would be postponed until next February, after positive developments regarding the COVID-19 vaccine. “The ministry decided to postpone the meeting and the celebration marking the 60th anniversary of …

Iranian Minister of Oil Bijan Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, adding it was a wise decision. Zangeneh made the remark after the 12th OPEC and non-OPEC Ministerial Meeting …

Iran’s Ambassador to the Vienna-based international organizations Kazem Gharibabadi says the International Atomic Energy Agency (IAEA) should fulfill responsibility to condemn terrorist attack against Iranian scientist Mohsen Fakhrizadeh. Gharibabadi made the remarks while speaking to reporters on Monday. The ambassador criticized the IAEA for keeping silent on the issue. Fakhrizadeh- …

Energy ministers from the OPEC+ alliance of oil producers are considering whether or not to extend historic cuts to crude output for a further period, in view of global uncertainties about demand, as COVID-19 cases surge worldwide. Policymakers from the 23 OPEC+ grouping – led by the two biggest producers …

Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013’s levels. Addressing a virtual ceremony to launch major oil and energy projects on Thursday, Zanganeh said that the country’s petrochemical revenues would reach 25 …

The Organisation of Arab Petroleum Exporting Countries (OAPEC) have said that its members support the long-term oil-indexed contracts for natural gas as they provide guaranteed stability to the market as well as minimise risks on capital-intensive projects. “In our opinion, long-term contracts bring stability and a win-win situation between the …

This was the most positive set of remarks so far this year by Saudi Energy Minister Prince Abdul Aziz bin Salman, when he opened the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ (an alliance between OPEC and 10 non-OPEC countries led by Russia). The JMMC monitors compliance of OPEC+ member …

The full promise of natural gas will unfold once the world is past the coronavirus pandemic, upbeat energy ministers of the leading gas exporting countries said at a recent GECF ‘Ministerial Roundtable’ held virtually The full promise of natural gas will unfold once the world is past the coronavirus pandemic, …

The OPEC+ group complied 101 percent with the oil production cuts in October, keeping a high level of conformity ahead of the crucial meetings over the next two weeks, which will decide if the alliance will reverse course on easing the cuts given the worsening demand outlook. The compliance last …

India’s energy demand is poised to bounce back as Asia’s third-largest economy reopens for business, oil minister Dharmendra Pradhan said. The country’s consumption of petrol, gas oil and cooking gas in October “exceeded the figures of last year”, said Mr Pradhan during the online Abu Dhabi International Petroleum Exhibition and …