Energy Policy

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 …

Iranian Foreign Minister Mohammad Javad Zarif called on his Japanese counterpart to increase efforts to remove unilateral sanctions imposed on the Islamic Republic by the US administration.

The Aide to the Russian President Yuri Ushakov in a phone conversation with Iran's Ambassador to Russia Kazem Jalali emphasized Moscow's strong opposition to US sanctions against Iran, especially amid coronavirus outbreak.

OPEC Secretary General Mohammad Barkindo held telephone talks with the Texas Railroad Commission late on Friday, March 20, a source in the secretariat told TASS, adding that the sides agreed to continue consultations. Later the commissioner Ryan Sitton confirmed the information via Twitter. “A telephone conference with US colleagues just …

Iraq’s oil minister has urged for an emergency meeting between OPEC and non-OPEC members to be called to discuss immediate action to help balance the oil market, according to a letter he sent to OPEC on March 17. In the letter seen by Reuters, Thamer al-Ghadhban asked OPEC Secretary-General Mohammad …

The Russian Foreign Ministry called on the US to lift its anti-human sanctions against Iran amid the outbreak of the novel coronavirus in the country, saying that the measures act as a powerful obstacle to Tehran's effective fight against the infection.

Iranian Foreign Minister Mohammad Javad Zarif highlighted the US sanctions’ negative impact on the Islamic Republic’s efforts to combat the new coronavirus outbreak and said the European Union should not abide by the illegal embargoes.

Iranian Minister of Foreign affairs Mohammad Javad Zarif urged UK not to observe US anti-Iran sanctions based on its JCPOA commitments.