OPEC and its allies have fixed the date of their upcoming meetings in Vienna for July 1-2, four sources have told S&P Global Platts, ending a protracted scheduling spat that the organization's president had warned was keeping the oil market on edge.
OPEC's website has been updated with the...
Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to reach double that by the end of the century even if countries’ current plans are fully implemented, research by scientists shows.
A group of European researchers, Climate Action Tracker...
The global oil market is “unstable and fragile”.
Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news portal, reported.
“We discussed the international oil market. It is my opinion that the market is...
Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world’s most vital commodity skyrocketing.
Instead, oil prices have barely budged. Traders are not buying into the theory that Iran wants a war, but they are worried about...
Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.
Brent futures fell 25 cents, or 0.4%, to $61.76 a barrel, having gained...
The muted price reaction to Thursday's oil tanker attacks near the Strait of Hormuz shows that the oil market is stable as long as production continues at current levels, US Deputy Secretary Dan Brouillette said Saturday on the sidelines of the G20 energy meetings in Japan.
"There was a slight...
The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.
“There is no change in the government’s plans. Zanganeh has always been active and is one of the key ministers of the administration,” Ali Rabiei was quoted as saying...
An estimated 11 million people were employed in renewable energy worldwide in 2018, according to the latest analysis by the International Renewable Energy Agency (IRENA).
This compares with 10.3 million in 2017.
As more and more countries manufacture, trade and install renewable energy...
Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output.
Falih said earlier this month that OPEC was close to agreeing to extend the agreement...
The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to US sanctions for Baghdad, two government sources said on Saturday.
One of the sources, who asked not to be named, said the extension was given during a phone call...