OPEC and its allies have been reducing oil output by 1.2 million barrels per day since Jan. 1 to support the market.
Read More »Iran. Russia. Azerbaijan to Boost Trilateral Coalition
Presidents of Iran. Russia. and Azerbaijan will convene in the Russian resort city of Sochi in August to further work on ways to boost tripartite cooperation to form a strong regional bloc of trade and transit.
Read More »Iran. Russia Intensify Economic Cooperation Talks in Tehran. Isfahan
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.
Read More »Tanker Attacks Hits Oil-Import Dependent Asia
Japan is the world’s fourth-largest consumer of oil — after the US. China and India.
Read More »IEA and African Union Hold First Ever Ministerial Meeting on Development of Africa’s Energy Sector
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.
Read More »Fossil Fuel Consumption Subsidies Bounced Back Strongly in 2018
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.
Read More »Adobe Unveils New AI That Can Detect Manipulated Faces
Adobe researchers have developed an AI tool that could make spotting deepfakes a whole lot easier.
Read More »It`s Time to Change Your Charging Cables Again
IOS leak confirms Apple is set to replace Lightning port with Android-style USB-C on the iPhone 11.
Read More »Chinese Report Warns Most Cyber Attacks in 2018 Came from US
A report warned that most cyber attacks against Chinese networks in 2018 came from the US. which Chinese experts predicted that the latter is preparing to wage a large-scale cyberwar but Beijing is prepared to launch a strong counterattack.
Read More »Apple Lost Sales in Europe to Chinese Firms Ahead of US Huawei Crackdown
A recent report from the International Data Corporation (IDC) indicated a major shift in the smartphone market in Europe. which has seen drastic growth in the Chinese company’s sales over the course of the last year.
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