Energy Policy

Iran does not agree with holding any OPEC+ meeting in the absence of a clear proposal and expected outcome from such talks for the oil market, its oil minister said in a letter to OPEC and seen by Reuters. “The vague circumstances around which the upcoming OPEC and non-OPEC ministerial …

Saudi Arabia will host a video conference meeting on Friday for G20 energy ministers “to ensure energy market stability”, it was reported on Tuesday, citing an internal document. Oil prices have fallen sharply due to the impact of Covid-19, in addition to last month’s collapse of coordinated output cuts led …

Increasing oil production will not serve the interests of any country, Russia warned yesterday, stressing that Russian President Vladimir Putin was seeking “constructive negotiations aimed at stabilizing the global energy market.” “Russia did not back the termination of OPEC+ deal – The Organization of the Petroleum Exporting Countries,” Russia Today …

Iran's Permanent Representative to the UN office in Geneva said in a letter to the World Health Organization (WHO) chief that the imposition and intensification of US sanctions on Iran amidst the coronavirus pandemic amount to a crime against humanity.

The United Nations Special Rapporteur on the negative impact of the unilateral coercive measures Alena Douhan called for the lifting of all unilateral sanctions that obstruct the humanitarian responses of sanctioned States, in order to enable their health care systems to fight the COVID-19 pandemic and save lives.

The Police Chief of Sistan and Baluchestan province said on Saturday that some 87,000 liters of smuggled fuel were seized in the past week.

Oil prices have collapsed recently both due to the lowered demand amid the rapid spread of COVID-19 and OPEC+’s failure to reach an agreement on cutting oil output in April. President Donald Trump said on Saturday that he “does not care about OPEC” and that he will put tariffs on …

Spokesperson for the Iranian Foreign Ministry has slammed the Bahraini government’s ruling against a number of Iranian banks, saying the rulings are based upon bogus charges and lack any legal credibility.

There are yet no talks about a possible new deal to replace the OPEC+ agreements, Russian presidential spokesman, Dmitry Peskov said on Thursday. “So far, no one has started talking about any specific deals or even abstract deals to replace OPEC+,” he said, answering a question from TASS about whether …

The US State Department shot down reports Trump administration will grant waivers to aid Iran's coronavirus relief effort.