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Iran’s Ambassador to the Vienna-based international organizations Kazem Gharibabadi says the International Atomic Energy Agency (IAEA) should fulfill responsibility to condemn terrorist attack against Iranian scientist Mohsen Fakhrizadeh. Gharibabadi made the remarks while speaking to reporters on Monday. The ambassador criticized the IAEA for keeping silent on the issue. Fakhrizadeh- …

The Trump administration plans to add China’s top chipmaker SMIC and oil giant CNOOC to a blacklist of alleged Chinese military companies, escalating tensions with Beijing before President-elect Joe Biden takes office, according to sources familiar with the matter and a document seen by Reuters. The Department of Defense (DOD) …

Gas giant Gazprom has decided to resume pipe-laying work before the end of 2020 on a 2.6-km part of the stalled Nord Stream 2 gas pipeline from Russia to Germany. According to a Reuters article, Nord Stream 2 AG, a subsidiary of Russia’s Gazprom and operator of the Nord Stream …

Middle East producers led by Saudi Arabia are widely expected to raise their official selling prices for January loading crude in December, although the outcome of the OPEC and non-OPEC meetings in coming days could affect the size and even the direction of any price change. Saudi Aramco is expected …

Exxon Mobil is about to incur the biggest write down in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets. Exxon — already hobbled by cratering crude prices, a global supply glut and a pandemic-driven collapse in fuel …

Norwegian oil and gas company Equinor has received consent from the country’s offshore safety authority to drill an exploration well in the Barents Sea using the Transocean Enabler rig. The Petroleum Safety Authority (PSA) said last Friday that the well was designated as 7220/7-4 at a prospect named Isflak. It …

Crude oil prices tumbled on Monday, as investors waited for a decision by producer group OPEC+ whether to extend large output cuts to balance global markets, but vaccine hopes helped keep benchmarks on track to rise more than a fifth in November. January Brent crude futures, which will expire later …

China plans to exploit the hydropower resources of a Tibetan section of a river that is a key source of water to Bangladesh and India, the Global Times reported. China’s next five-year plan calls for developing hydropower on the Yarlung Tsangpo River, Mr Yan Zhiyong, chairman of Power Construction Corp …

Crude oil prices fell on Monday amid investor jitters ahead of a meeting of producer group OPEC+ to decide whether to extend large output cuts to balance global markets, but vaccine hopes helped keep them on track to rise more than a fifth in November. January Brent crude futures, which …

Energy ministers from the OPEC+ alliance of oil producers are considering whether or not to extend historic cuts to crude output for a further period, in view of global uncertainties about demand, as COVID-19 cases surge worldwide. Policymakers from the 23 OPEC+ grouping – led by the two biggest producers …