Energy Policy

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.

Saudi Arabia’s carefully nurtured reputation for being a reliable oil producer and its aspiration to be seen as a responsible global leader will be in jeopardy if the kingdom continues to pursue its volume war. Pressing on with such a tactic in the midst of the worst global health emergency …

Saudi Arabia is pricing the crisis, but going back to the negotiations table may be difficult. The global crude supplies are entering the market at a time when global demand for crude has contracted for the first time in 10 years. By entering into a fierce oil war, Saudi Arabia …

Russia is out of control. All of a sudden, it has launched an oil price war, even though it is unrealistic that the Kremlin can defeat Saudi Arabia and the United States in such a contest. Saudi Arabia’s population is one-fifth of Russia’s, while holding equivalent international currency reserves. The …