The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale […]
Iran’s power market is bucking global trends and in the process revealing a key economic buffer that helps the country withstand international sanctions. While European electricity prices spiked over the last month, shutting down energy-intensive industries and […]
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stumble. The coalition led by Saudi Arabia […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) June 2021 In 2020, Iran produced less than 2 million barrels per day (b/d) of crude oil, an almost 40-year low in Iran’s production levels according to our analysis, which […]
Energy News Beat Publishers Note (ENB): Sanctions don’t work against Iran. They have made the United States insignificant to their cash flow for years. With the Obama/Biden Iran Nuclear Deal they did not stop enriching […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) June 2021 In 2020, Iran produced less than 2 million barrels per day (b/d) of crude oil, an almost 40-year low in Iran’s production levels according to our analysis, which […]
Oil fell after four monthly gains as data signaled a slowdown in China and investors monitored the spread of the delta coronavirus variant. West Texas Intermediate slipped 0.6%, after climbing 2.6% last week. China’s economic […]
Iran has successfully improved its relationship with China over the past several years. They are trading oil for goods and services. This has helped them get around the U.S.-led sanctions and also helped China buying […]
International monitors are watching Iran’s fast-expanding nuclear program with growing alarm, as Tehran refuses to extend an expired inspections pact and insists the experts must trust that it’s accurately documenting uranium-enrichment activities. Iran claims it’s […]
TEHRAN: Iran’s sole nuclear power plant is back online following an emergency shutdown two weeks ago, state TV reported Saturday. The report quoted Mostafa Rajabi Mashahdi, spokesperson for the country’s energy ministry, as saying the Bushehr plant “returned to production […]
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