As the Baltic countries and Finland are moving toward the creation of a common gas market, the countries' energy market regulators have agreed to apply transitional market measures starting next year in order to lower trade barriers.
Iran has doubled nuclear electricity generation, an official told Trend June 14 on condition of anonymity.
Mykhailo Gonchar, President of the Centre for Global Studies Strategy XXI Stockholm arbitration decision to accelerate the end of Gazprom's monopoly
The Stockholm Arbitration Tribunal has satisfied the claim of Naftogaz against Russia’s Gazprom under the Gas Sales Contract of 2009 on a “take or pay” claim.
Qatar’s ruler postponed an address to his country on Tuesday (6 June) over its sudden and damaging diplomatic isolation from other leading Arab nations, in order to allow Kuwait some time and room to mediate, write Tom Finn and Sylvia Westall.
Saudi Arabia and three of its Arab allies cut diplomatic ties with Qatar on Monday, furious with what they see as the tiny emirate’s tolerant attitude toward Iran and Islamist groups such as the Muslim Brotherhood. The moves by the Saudis, Bahrain, the U.A.E. and Egypt came soon after U.S. President Donald Trump visited the region and joined Saudi Arabia in lambasting Iran for sponsoring terrorism from Syria to Yemen.
World leaders have vowed to press on with the Paris climate deal without the United States. Many US businesses, cities and states also said they would act together to combat climate change.
Although Iran’s raging inflation rate followed a steady decline over the past year, some officials and economic experts suggest that the figure is very likely to hit double digits in the coming months.
US President Donald Trump has decided to withdraw from the Paris climate accord, Axios news outlet reported on Wednesday (31 May), citing two unidentified sources with direct knowledge of the decision.
Russian Energy Minister Novak discusses Russian and OPEC oil production with Bloomberg’s Manus Cranny in Vienna
Under the 2015 deal, sanctions punishing Iran for its nuclear program were waived in exchange for Iran's commitment to roll back the program. But continuing the sanctions relief requires the renewal of a six-month waiver. The most recent waiver, issued by former Secretary of State John Kerry in December, was set to expire this week.