Top News

Spokesman of the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi said that his country will not give the International Atomic Energy Agency (IAEA) the data recorded by the surveillance cameras at its nuclear installations before reaching an agreement in Vienna talks. The IAEA will have no access to data …

Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar said. An agreement with Halliburton would enable the oil ministry to get clear data on the production capacity of the Akkas field and it …

Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Saturday at the pace of 74.6 million cubic metres per day, in accordance with requests from European consumers, the company said. This was in line with the 74.5 mcm reported earlier by Interfax news agency, …

Russia’s oil industry—a vital source of budget revenues—is already showing signs of slowdown as Western buyers shun Russian oil while Moscow struggles to replace lost sales in the West with sales in emerging Asian markets. The war Putin started in Ukraine is hitting home: storage capacity is full, infrastructure and …

The world’s demand for natural gas is set to decline slightly in 2022 as a result of higher prices and market disruptions caused by Russia’s invasion of Ukraine, according to the International Energy Agency’s l(IEA) latest quarterly update. The expected small contraction in global gas demand compares with the IEA’s …

Abu Dhabi-based Masdar, one of the world’s leading renewable energy companies, has signed a MoU with the Kyrgyz Republic’s Ministry of Energy to explore the development of renewable energy opportunities in the Central Asian nation and support its clean-energy objectives. As per the agreement, Masdar will explore the development of …

Some of Russia’s natural gas customers have agreed to pay in rubles for Russian gas, Deputy Prime Minister Alexander Novak said on Friday. Last month, Vladimir Putin said that “unfriendly” nations should pay in rubles for natural gas. Russia had set a March 31 deadline for the countries it considers …

The European Union has started drafting its proposal for an embargo on Russian oil imports as its latest response to the war in Ukraine, the New York Times reported, citing Brussels officials and diplomats. The embargo will most likely be introduced in a gradual way, similar to the planned Russian …

Power generation from wind turbines was the second-largest source of electricity in the United States on March 29, behind only natural gas and surpassing both coal and nuclear power generation for the first time on record, the U.S. Energy Information Administration (EIA) said on Thursday. On March 29, wind turbines …

Japan announced on Friday that it would release 6 million barrels of crude oil from its private reserves as part of the International Energy Agency’s plan to release 120 million barrels of crude oil to ease the price of crude. Japan is set to release a total of 15 million …