Energy Policy

The Covid-19 pandemic is prompting energy companies world-wide to shed jobs and cut costs, and will have a fundamental impact on the pace and direction of global energy transition, the World Energy Council (WEC) said, pointing to the latest findings of its global surveys. “The Covid-19 crisis is triggering the …

An international lawyer and university professor said on Monday that the International Atomic Energy Agency (IAEA) inspects Iranian nuclear centers 33 times a year, which is the highest number in the world and shows Iran has had the most cooperation with the Agency. Mohammad-Reza Hosseini said the US has a …

Global oil demand will not return to pre-crisis levels earlier than in 2021, the RIA news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday. It is possible that demand will reach pre-crisis levels within two or three years, Novak said.

The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary, OPEC announced in a statement on Wednesday. The workshop will be held via videoconference next Tuesday, on June 23, to reflect on how OPEC has evolved …

Shipping gasoline to Venezuela embarrassed and humiliated US more than ever like pounding US’s Ain al-Assad military base in Al-Anbar Province in Baghdad.

Iran’s oil minister on Monday criticized Turkey’s lack of cooperation with Iran on having the blasted Iran-Turkey natural gas pipeline repaired. In an interview with state-run radio, Zanganeh said Turkey had “not welcomed” Iran’s offer to repair a natural gas pipeline inside Turkey that was damaged by a blast in …

Saudi Aramco is the first major global oil producer to see its stock recover to the level it traded at before the price war between Russia and Saudi Arabia. Aramco climbed 3.1% in Riyadh on Tuesday, advancing for a record sixth day alongside an extended increase in the price of …

The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say. Lockdowns to stop the spread of COVID-19 have snarled the supply of spare parts and …

Iranian Foreign Ministry Spokesman Abbas Mousavi condemned the US’ threats against free trade, warning that any seizure of Iranian tankers will be retaliated. “Free trade between independent states is legitimate, and what is illegal is interference in these relations and the US is standing at the forefront of that. Trump’s …

Iranian Government Spokesman Ali Rabiei said that trade volume exchange between Islamic Republic of Iran and Venezuela, as two independent countries in the world, has nothing to do with anyone else, and the Islamic Republic of Iran will not hesitate to sell its oil.