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Iran warns US, Israel of forceful response if its nuclear sites targeted

- 'We have made it clear that any attack on our nuclear facilities would be faced with an immediate and decisive response. But I don’t think they will do that crazy thing,' says Foreign Minister Araghchi

28.01.2025 Nuclear

OPEC maintains "proactive strategy" for global oil market stability, Secretary-General says

- ⁠OPEC is always attentive to all fundamental factors affecting oil market to make sure that market remains balanced, according to OPEC chief

22.01.2025 Oil

Libya's energy role vital for global markets: OPEC chief

- Haitham Al-Ghais highlights Libya's potential in traditional energy, renewables at Libya Energy and Economic Summit 2025

19.01.2025 Oil

OPEC daily crude output up 0.1% in December 2024

- Global oil demand growth forecast for 2025 remains unchanged at 1.45 million barrels per day

15.01.2025 Oil

Iranian minister arrives in Baghdad to discuss energy supplies

- Iraq's electricity minister receives Abbas Aliabadi and his accompanying delegation at Baghdad International Airport, says Iraqi News Agency

13.01.2025 General

Oil down amid economic slowdown in China, weaker US demand outlook

- Lower-than-expected drop in US crude oil inventories suggest demand in world's largest oil consuming country weakened, influencing downward price movements

09.01.2025 Oil

Experts: Iran's intensifying energy bottleneck drives country into multifaceted crisis

- Energy disruptions and industrial shutdowns are jeopardizing Iran's economy and disrupting daily life, according to experts

09.01.2025 Electricity Energy Diplomacy International Relations

Oil prices disappoint investors expecting a price hike in 2024

- Brent oil starts 2024 at elevated levels amid Middle East conflicts, ends year with a decline of around 3.6%, weighed down by mounting economic concerns

07.01.2025 Oil

Syria's new administration seeks lifting of energy sanctions to revive economy

- Overthrow of Syria's Baathist regime marks beginning of a new era, yet Iran's decision to halt crude oil shipments to Damascus has left Syrian people facing a harsh energy crisis at their most critical time

22.12.2024 Energy Diplomacy

US to impose sanctions on 4 entities over allegedly transporting Iranian oil

- 6 vessels belonging to these companies have been designated ‘blocked property,’ says US State Departmen

20.12.2024 General

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OPEC daily crude output up 0.5% in Nov.

- Global oil demand growth forecast for 2024 is revised down by 210,000 bpd, from previous month's assessment

11.12.2024 Oil

OPEC+ extends oil output cut until end of 2026

- Additional voluntary output cut of 2.2 million barrels per day to be gradually eased from April 2025

05.12.2024 Oil

Iran warns of 'confrontation' over European resolution at UN nuclear watchdog

- IAEA is set to vote on resolution pushed by three European countries against Iran

20.11.2024 General

Oil prices down as supply fears ease

- Reports from IEA and EIA highlight rising global oil production and possibility of oversupply, alleviating market concerns

15.11.2024 Oil

OPEC daily crude output up 1.9% in Oct.

- Global oil demand growth forecast for 2024 is revised down by 107,000 bpd, from previous month's assessment

12.11.2024 Oil

Oil prices fall with demand concerns over China's insufficient stimulus plan

- Experts say China's latest stimulus plan falls short in meeting investor expectations, while market players question how new stimulus package will affect oil prices

12.11.2024 Oil