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Russian Energy Minister Alexander Novak said OPEC+ hasn’t made any decision yet on extending its deepest output cuts beyond July, while signaling a preference for avoiding repeated changes to the group’s current plan. “Let’s see the situation, technical data, June figures and then the OPEC technical committee will analyze the …
Read More »Zarif Raps EU’s Noncompliance with JCPOA in Letter to Borrell
Zarif sent a letter to EU Foreign Policy Chief to denounce the EU3’s non-compliance with JCPOA after the three European states drafted an anti-Iranian resolution at the IAEA Board of Governors, Mousavi announced. “Following the irresponsible and illegal measure by the three European states (Germany, the UK, and France) to …
Read More »MP Advises IAEA not to Sacrifice Iran’s Interests for US Excessive Demands
A senior Iranian lawmaker advised the International Atomic Energy Agency (IAEA) on Wednesday not to sacrifice Iran’s legitimate interests for the sake of the US excessive demands though knowing that Tehran has done its activities under the IAEA supervision. Hossein Nooshabadi, member of Majlis (Parliament) National Security and Foreign Policy …
Read More »World Energy Council Sees 350,000 Energy Jobs at Risk on Covid-19
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 …
Read More »IAEA Inspects Iran’s Nuclear Centers 33 Times a Year
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 …
Read More »Novak: Pre-Crisis Level of Oil Demand Possible in 2021
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.
Read More »OPEC to Host Technical Workshop for 60th Anniversary
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 …
Read More »Arrival of Iranian Oil Tanker, Carrying Gasoline, to Venezuela Embarrasses US
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.
Read More »Zanganeh Criticizes Turkey’s Lack of Coop. on Repairing Joint Gas Pipeline
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 …
Read More »Aramco Is First Oil Major to Regain Pre-Price-War Share Price
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 …
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