Energy Policy

Despite the ongoing concerns about the state of the global economy, OPEC continues to hold an upbeat view on world oil demand, OPEC Secretary General Haitham Al Ghais said on Tuesday. “The economy, despite the challenges, is still doing quite well,” Al Ghais told the Argus European Crude Conference in …

The European Union has announced a raft of multimillion dollar deals at a forum for its Global Gateway program, the bloc’s new infrastructure partnership plan that’s seen as an alternative to China’s worldwide Belt and Road Initiative (BRI). The first Global Gateway Forum kicked off in Brussels on October 25 …

A potent combination of factors, including a stronger US dollar, a weaker Chinese economy, and rising oil prices, is creating a dangerous cocktail that threatens to disrupt the stability of Southeast Asian economies. A strong dollar makes servicing dollar-denominated debt more expensive, increasing the burden on countries with substantial external …

The International Energy Agency on Oct. 24 lowered its 2050 oil demand projection by 2.4 million b/d to 54.8 million b/d along with a 0.5 million b/d reduction for 2030 under its central scenario in the World Energy Outlook. The annual outlook cited a faster pace of adoption of electric …

Iran’s oil minister on Thursday said that Tehran-Moscow cooperation paves the way for the progress of not only the two countries but also regional states. Javad Owji, who addressed a specialized session of the 6th Russian Energy Week International Forum in Moscow, added that a historic opportunity has been created …

Russian President Vladimir Putin told an energy conference in Moscow on Wednesday that Russia and Saudi Arabia would “most likely” extend output cuts into 2024 and warned that clashes in the Middle East could impact oil exports with higher shipping and insurance costs. “I am sure that the coordination of …

Climate action to reach net zero undermines investment in the oil sector and jeopardises global energy security, warned OPEC. General secretary Haitham al-Ghais took aim at forecasters predicting a drop-off in oil demand this decade, with the cartel engaged in a protracted war of words with the International Energy Agency …

The world would not need any new long lead-time conventional oil and gas projects or coal mines approved after 2023 as the surge in clean energy deployment could lead to peak fossil fuel demand this decade, the International Energy Agency (IEA) said in its updated Net Zero Roadmap on Tuesday. …

Iran’s Foreign Ministry Spokesman Nasser Kana’ani has said that the latest move by his country to withdraw the designation of several experienced IAEA inspectors was based on the Islamic Republic’s governance rights enshrined in the Safeguards Agreement between the two sides. Kana’ani made the comment on Saturday hours after the …

Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has stated that Tehran will continue to produce radiopharmaceuticals in order to meet the domestic demands of the health sector. Eslami made the comment on Saturday during an interview on national TV. He said that radiopharmaceuticals have already helped …