Energy Policy

The Russian MPs, along with the Senate and government, rejected the US claim that Iran had violated the Security Council resolutions by launching the military satellite into space.

Seyyed Abbas Mousavi condemned the British and the French stances on the launch of Noor-1 satellite as unacceptable, noting that such remarks came as a result of double standards and accepting the US bullying policies.

In a phone conversation with Secretary-General of Norway Foreign Ministry Tore Hattrem, Iran’s Deputy Foreign Minister Abbas Araghchi called on the international community to deal with the US illegal and inhumane sanctions against the Iranian people.

The dialogue between Russia and the parties on the Joint Comprehensive Plan of Action (JCPOA) continues, although there are no face-to-face contacts.

Nowadays, the black gold experiences a dark time and sharp fall of oil price has cast a shadow on the political economy sector to show that the world’s economy is not going well.

Emphasizing that all oil-rich countries, including Iran, have suffered losses, President Hassan Rouhani said that Iran will suffer less damage as its reliance on crude oil is less than other countries.

The International Energy Agency (IEA) has called for the OPEC-led group to take more production offline and faster than previously agreed. Following the carnage of negative WTI prices on April 20, and a growing realisation about pressure on storage, the energy watchdog’s head Fatih Birol set out 3 steps. The …

Oil producer countries should respect crude production cuts aimed at stabilizing the oil market, Iranian Oil Minister Bijan Zanganeh told state TV on Wednesday. “The market will stabilize gradually if the oil production cut is respected by all the producer countries … Cooperation is necessary under this circumstances,” Zanganeh said. …

Azerbaijan’s Energy Minister Parviz Shahbazov has attended the informal video conference with the participation of several OPEC+ countries, the ministry told Trend. According to the ministry, the current state of the world oil market and the implementation of commitments since May have been discussed at the conference. During the discussions, …

Countries participating in the OPEC+ oil production limiting agreement have all the capabilities to respond if necessary to the situation with the low oil prices, Russian Energy Minister Alexander Novak told reporters. “OPEC+ countries are keeping a close eye on the situation and have all the capabilities to respond if …