Serbian President received the credential of Iran's new ambassador to Belgrade Rashid Hassanpour on Tuesday and emphasized on promoting cooperation with the Islamic Republic in various fields, especially economy and trade.
Read More »IEA Head Sees Oil Use below Pre-Virus Levels for at Least a Year
It will take more than a year, and perhaps several, for oil demand to recover to what it was before the coronavirus shuttered economies and caused energy markets to collapse, according to the head of the International Energy Agency. Crude demand of about 100 million barrels a day prior to …
Read More »Covid-19 Crisis and Oil Prices
Oil prices keep falling. Nobody could imagine that oil prices would hit their 17-year lows in less than three months.
Read More »Meeting of OPEC+ Ministerial Monitoring Committee to be Held on June 8
The Joint Ministerial Monitoring Committee (JMMC) meeting will be held on June 8, 2020, most probably in a video format, while ministerial meetings of OPEC and non-OPEC states will be held on June 9 and 10 as planned, sources in delegations told TASS. “The JMMC meeting will be held on …
Read More »Oil Falls amid Concerns about Second Wave of Virus, Rise in Inventories
Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave of the coronavirus pandemic in countries easing lockdowns. Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance …
Read More »Wind Energy is Key Building Block for Recovery from Covid-19
The international body said the wind industry holds the potential to create jobs, generate zero carbon renewable power and drive green investment.
Read More »TEPCO RP Invests in 108MW Hydropower Project in Georgia
The recent acquisition of 31.4% of the shares in JSC Dariali Energy will allow TEPCO RP to own 33.9MW of the total capacity.
Read More »IRENA and UN Commission to Step Up Asia-Pacific’s Efforts to Combat Covid-19 Crisis
The organisations recommend enhancing green investments in the region in a bid to strengthen health systems and support pandemic-hit economies.
Read More »Oil Crisis Is Litmus Test for Industry’s Resolve on Climate
The April oil market crash will test the determination of majors like Shell and BP, which have recently announced goals to reach net-zero emissions by 2050, according to the International Energy Agency (IEA). “Whether or not their position will change” in the aftermath of the oil market crash “will be …
Read More »Oil and Gas Operators Must Move Faster Towards Net Zero or Risk Losing Social Licence
The new strategy sets out priorities to support the oil and gas industry in reducing greenhouse gas emissions, developing carbon capture and storage and implementing hydrogen projects.
Read More »