Top News

The 9th meeting of the Iran-Qatar Joint Economic Committee started in Tehran on Saturday aimed at expanding economic cooperation and bolstering the constructive interaction between the two countries’ private sectors. The meeting is co-chaired by Iran’s Energy Minister Ali-Akbar Mehranian and Qatari Minister of Commerce and Industry Sheikh Mohammed bin …

OPEC members are pushing against attempts to include language on “phasing out” fossil fuels in a UN Climate Change Conference, or COP 28, deal, highlighting the struggle over whether the summit can for the first time in 30 years address the future of oil and gas. Negotiators and observers at …

Chinese mining companies have sharply increased their cobalt output in Congo as they seek to expand their market share, putting further pressure on a commodity whose price has badly tanked. Cobalt is widely used in the electric vehicle sector whereby it’s combined with nickel to produce higher energy density in …

French President Emmanuel Macron on Dec. 6 presented International Energy Agency (IEA) Executive Director Fatih Birol with the Legion of Honor for his major contributions to global energy and climate issues. Macron conferred the honor to Birol during a prestigious ceremony at the Elysée Palace in Paris, which was attended …

The United States Department of Energy said on Friday that it plans to buy 3 million barrels of crude oil for the Strategic Petroleum Reserve for March delivery as oil prices sink to levels below the stated threshold for the government’s refill plan. The Biden Administration saw the stockpiles of …

The Dangote Refinery in Nigeria, Africa’s biggest, is expected to receive on Friday its first of several cargoes of crude oil that would enable it to begin initial runs, the Dangote group said in a statement seen by Reuters. The refinery, which has been commissioned but has yet to begin …

As the price of Russia’s flagship crude fell below the $60 per barrel price cap and international benchmarks slumped, India expects to increase its purchases of Russian oil, an anonymous senior government official in India told Reuters on Friday. The price of Russia’s flagship crude, Urals, has dropped below the …

Oil benchmarks were on track for a seven-week decline on Friday, their first in half a decade, on worries about a supply surplus and weak Chinese demand, though prices rebounded after Saudi Arabia and Russia lobbied OPEC+ members to join output cuts. Brent crude futures were up $1.46, or 2%, …

The UN’s COP28 climate talks, a mega-conference running for two weeks, are organized around daily themes. The fifth day on Tuesday focused on energy and brought out much high-level discussion of hydrogen. The high hopes for green hydrogen were apparent at last year’s COP27 summit in Egypt with a flurry …

Speaking at COP28 in Dubai, Saudi Aramco CEO Amin Nasser repeated calls for more upstream investment in the interests of both energy security and to meet growing global demand. Those arguing against fossil fuels have criticized oil and gas industry expansion plans. However, the United Arab Emirates — a fellow …