Tag Archives: International Organizations

Iran and Russia are holding a couple of important joint meetings for expansion of economic relations this week in a bid to show defiance to all pressures posed by Washington.

Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July. according to the country’s energy minister.

The outlook for oil demand growth in 2019 also put pressure on prices.

Iraq’s government is expected to launch a tender to develop the field this year.

Iran’s Foreign Ministry officials are still in talks and close contact with Europeans.

OPEC and its allies have been reducing oil output by 1.2 million barrels per day since Jan. 1 to support the market.

Iranian and Russian officials. businessmen. and economic activists started two 3-day economic events in the Iranian cities of Tehran and Isfahan in a bid to discuss avenues for bolstering economic relations.

Japan is the world’s fourth-largest consumer of oil — after the US. China and India.

The International Energy Agency co-hosted a joint ministerial summit with the African Union Commission (AUC) that brought together high-level representatives from government and industry to discuss the development of Africa’s energy sector.

Higher average oil prices in 2018 pushed up the value of global fossil fuel consumption subsidies back up toward levels last seen in 2014. underscoring the incomplete nature of the pricing reforms undertaken in recent years.