war
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Oil Ministry praised for key role in 12-day war effort
SHANA (Tehran) – President Masoud Pezeshkian made an unannounced visit to the Oil Ministry on Sunday, praising the round-the-clock efforts of oil industry workers during the 12-day war.
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Parliament Energy Committee:
Refineries operating at full capacity
SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Committee praised the efforts of oil industry workers during the 12-day war, stating that all refineries are currently operating at full capacity, with fuel transportation and distribution proceeding smoothly.
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Sino-US Tariff War Impact on Oil/Gas
SHANA (Tehran) - A trade war between the United States and China, the world’s top economies, has intensified over recent years. The latest indication is mutual sharp import tariff hikes. China has vowed to fight to the end in the face of US bullying, taking countermeasures against President Donald Trump’s administration.
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War in Ukraine and changing geopolitics of energy
As the war in Ukraine surpassed the one-year threshold with no solid evidence that it may end soon, the international oil and energy markets demonstrate its resilience to stand to the task. International oil market and energy market was once hit by COVID late 2019 and suffered hugely throughout 2020 and part of 2021. However, thanks to coordination between OPEC and non-OPEC producers, the market found its way towards normalcy and stability.