The latest front in the war against drilling for oil in Alaska’s rugged wildlife refuge isn’t Washington -- it’s Wall Street.
Read More »China should Play Off Oil Producers against Each Other in Crisis
Oil is now a buyer’s market and China is the world’s largest purchaser of crude. As prices have plunged to multi-decade lows, the country may be reaping geopolitical advantages, if not economic benefits. China relies on imports for more than 70 per cent of domestic consumption. However, some commentators have …
Read More »Iran Warns of Decisive Response in Case of Any Move against Its Interests
Iran’s government spokesman says the Islamic Republic is not after creating tension in the region, but any move against the country’s interests would be responded decisively. Ali Rabiei said Tehran is after establishing peace in the region, and is not seeking adventurism at all. “The US is the party which …
Read More »China Still Attractive for Foreign Companies
On April 22, Exxon Mobil officially started an ethane programe in Huizhou city, South China’s Guangdong province, in which it has invested $10 billion. It should be noted that the programme started when the whole world is fighting the Covid-19 pandemic, global oil prices are low, and many oil enterprises …
Read More »German MP Calls for a New Nuclear Agreement with Iran
Due to the ongoing conflicts over the nuclear agreement with Iran, known as the JCPOA, the chairman of the Foreign Affairs Committee in the German Bundestag, Norbert Röttgen, has called for a new agreement with Tehran.
Read More »Russia says US Claim on Iran’s Satellite Launch Wrong
Russia's Permanent Representative to the UN Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite, saying that the United States is violating the UN Security Council resolutions.
Read More »US Anti-Iranian Sanctions Violation of Human Rights
Iran's President Hassan Rouhani lamented the unfair US sanctions on Iran under the conditions that the world is in a fight with Covid-19, saying that the embargo is in contrast with the fundamentals of the human rights.
Read More »Russia Criticizes US’ Stance against Launch of Iran’s Military Satellite
Russia’s permanent representative to international organizations in Vienna, Mikhail Ulyanov called US’ stance against launch of Iran’s military satellite double standards and hypocrisy. Mikhail Ulyanov has denied US allegations against Iran in the field of launching its military satellite and accused the United States of hypocrisy and double standards “US …
Read More »U.S. Renews Waiver for Iraq to Import Electricity from Iran for 30 Days
Following the 2018 unilateral withdrawal of the US from the 2015 Iran nuclear deal and the reimposition of sanctions against Iran, Washington has been issuing special waivers that permit some countries and companies to conduct business with Tehran. The US Department of State has extended a waiver for Iraq to …
Read More »The Shale Industry Suffers from Dried Demand
A few weeks before the summer driving season begins, U.S. gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain the spreading of the coronavirus. With demand for motor fuel plunging, refiners are cutting crude processing, and crude oil storage capacity in …
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