Social and Events

The 2020 Summer Olympics kicked off in Tokyo on Friday and there are already signs the toughest part of the competition may just be the extreme heat and humidity in what is expected to be the hottest Olympics on record. Temperatures in Tokyo this time of year are usually in …

The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes, which pegged the total rig count at 491, up 240 from the same time last year. The U.S. oil rig count rose by 7 this week to 387. The number …

OPEC and its allies, a group known as OPEC+, plan to hold their next meeting on Sunday to decide on their output policy, two OPEC+ sources told Reuters.

The US State Department announced that it would waive sanctions on Iran’s access to frozen assets in South Korea and Japan. The State Department informed Congress late Tuesday that it would waive sanctions on Iran’s oil trade so that the country can access frozen funds from South Korea and Japan, …

China will launch a nationwide carbon emissions trading scheme for the electricity sector in July, the cabinet said on Wednesday. The launch of the scheme aims to control and reduce greenhouse gas emissions viA THE market scheme, according to a meeting chaired by Premier Li Keqiang.

The Bushehr Nuclear Power Plant in the Bushehr Province (southern Iran) will resume operations today on July 3, the Spokesman for the Ministry of Energy of Iran Mostafa Rajabi Mashhadi told IRNA, Trend reports. The spokesman stressed that like other power plants, the Bushehr NPP needs to be repaired after …

OPEC+ will resume talks on Monday after failing to reach a deal on oil output policy for a second day running on Friday because the United Arab Emirates blocked some aspects of the pact. The standoff could delay plans to pump more oil through to the end of the year …

OPEC+ is moving towards adding around 2 million barrels per day (bpd) of oil to the market between August and December as it eases back on its output curbs, an OPEC+ source told Reuters. The source said monthly increases would amount to less than 0.5 million bpd. The first source …

Telephone contacts between Russian President Vladimir Putin and the leadership of Saudi Arabia before the OPEC+ meeting are not planned, Russian presidential spokesman Dmitry Peskov said on Tuesday. “They are not planned yet,” he said. Answering a question about whether there are any contradictions in the positions of Moscow and …

The head of the Atomic Energy Organization of Iran said Sunday the country has the capability to add 8,000 MWs of electricity to the national grid while adding that the only nuclear power plant in Bushehr needs finances. Ali Akbar Salehi, the head of the Atomic Energy Organization of Iran …