Top News

A top Russian official revealed that Moscow and Baghdad are preparing to sign a memorandum of cooperation in the field of non-energy and peaceful applications of nuclear technologies. Ilya Lobov, the economic adviser of the Russian embassy in Iraq, announced in an interview with RIA Novosti that both sides are …

The value of Iran’s export to Armenia increased 15 percent in the first half of the current Iranian calendar year (March 21-October 22), from the first half of the previous year, an official with Iran’s Trade Promotion Organization (TPO) announced. Rahmatollah Khormali, the director-general of the TPO’s office of Central …

Iran’s ambassador to India said in New Delhi on Friday that Tehran is ready to sell oil to India and deliver it at desired destination. “We are, just as always, ready for further expansion of economic ties India, such as delivering crude oil at any desired destination, and decision making …

Iran exported 3.36 million tons of agricultural and food products worth $1.85 billion in the first six months of the current fiscal year (March 21-Sept. 22), new data released by the Agriculture Ministry show. The figures indicate a decrease of 14.77% in tonnage and 20.33% in value compared with last …

The Group of Seven nations said on Friday that they will help rebuild Ukraine’s critical energy and water infrastructure amid ongoing Russian air strikes. “Today we establish a G7 coordination mechanism to help Ukraine repair, restore and defend its critical energy and water infrastructure. We look forward to the 13 …

The Energy Information Administration (EIA) Data showed that Iraq exported 134 bpd of oil to the United States in the past week. EIA stated in a report, “U.S. imports oil 5.357 million bpd in the past week.” The top three source countries for U.S. import oil are Canada (3.410 million …

Independent clean energy producer Rezolv Energy has acquired the rights to build and operate a 1,044 Megawatt solar photovoltaic plant in western Romania, which, if constructed, is expected to become Europe’s largest solar PV plant. Rezolv Energy, which acquired the rights from the Monsson Group, is investing in around 1.6 …

The government wants to ban new oil, coal and gas heaters from 2023, extending to replacements of existing heaters, but it needs a two-thirds majority in parliament. Austria’s building sector performs way above the EU average. While buildings consume 25% of gas, their emissions are just 13% of the country’s …

Europe is nearing a recession, and the U.S. may be right on its heels, the world’s second-largest container carrier told Bloomberg TV on Wednesday. Recession fears have put a cap on oil prices as analysts mull just how deeply a recession would cut into the demand for the commodity that …

Europe is more or less prepared to face this winter with nearly full gas storage sites and a steady flow of LNG imports. The real concern about gas supply is for the winter after that, the top executives of Europe’s biggest oil and gas majors say. As of October 31, …