Tehran and Riyadh have exchanged views regarding OPEC and OPEC+ policies to ensure stability in the world oil markets, Iran’s oil minister said. “All decisions concerning global oil markets over the last few months have been made by pooling minds with OPEC’s de facto leader and closer collaborations are on …
Read More »Eslami: Iran Committed to IAEA Protocols, Nuclear-NPT
The Head of the Atomic Energy Organization of Iran (AEOI) said Iran is committed to IAEA protocols and nuclear-NPT, but IAEA supervisions must be within our frameworks and reservations. Mohammad Eslami said in a press conference on Sunday in response to a question about being satisfied with the recent visit …
Read More »UN Chief Slams Energy Giants, Rich Countries for Crippling Fuel Prices, ‘Predatory’ Interest Rates
UN leader Antonio Guterres on Saturday slammed the world’s rich countries and energy giants for throttling poor nations with “predatory” interest rates and crippling fuel prices. Guterres told a summit of the most deprived states on the planet that wealthy nations should provide $500 billion a year to help others …
Read More »Japan, 10 other Asian Countries Agree to Pursue ‘Practical’ Carbon Neutrality
Japan and a group of 10 other countries in Asia have agreed to pursue “practical pathways” for carbon neutrality through coordinated steps such as developing hydrogen supply chains and setting decarbonization standards while ensuring energy security. The agreement was reached as the group of 11 partner countries on March 4 …
Read More »IAEA Officials Began Investigations in Iran: AEOI Chief
IAEA officials arrived in Tehran on Tuesday and have begun their investigations, the head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami announced. Eslami made the remarks on the sidelines of the cabinet meeting on Wednesday morning. “With the interaction and coordination made, we always try to avoid …
Read More »IEA’s Birol Warns of Tighter Energy Supply Next Winter
International Energy Agency (IEA) head Fatih Birol has warned of possible energy shortages next winter as relatively little new liquefied natural gas (LNG) is coming to the market while China’s consumption set to rise this year. European governments made many correct decisions over the last year to ensure energy supply, …
Read More »Iran, Russia Discussing Oil, Gas Swap Deal Technical Issues
Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other countries under a swap arrangement. Speaking to reporters in Moscow on Saturday, Russian Deputy Prime Minister Alexander Novak described a potential swap agreement …
Read More »IEA: There are Signs a Stronger China Rebound will Boost Oil
China’s economy could be poised for a stronger-than-anticipated rebound that’ll deliver a demand boost for oil and natural gas, according to the head of the International Energy Agency. There are some “first indications” from China that growth will accelerate faster than previous expectations and the nation is projected to deliver …
Read More »Nuclear Chief: Iran-IAEA Relations Based on Safeguards
Speaking to ILNA, Mohammad Eslami said that the JCPOA is a deal and a trade-off but our relations with the IAEA are based on the safeguards. Commenting on Rafael Grossi’s recent remarks that there is no shell left from the JCPOA, the official said that the relations of Iran with …
Read More »US Looking to Pressure China into Foregoing Iran Oil Imports
The US Special Envoy for Iran Robert Malley said the Biden administration will increase pressure on China to cease imports of Iranian oil as the US tries to enforce nuclear sanctions. “China is the main destination of illicit exports by Iran,” and talks to dissuade Beijing from the purchases are …
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