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Germany rejects US proposal for Russia’s return to G7
- Foreign Minister Maas opposes invitation to Putin, criticizes Russia’s role in conflict in eastern Ukraine
Russia sees no reasons to expand arms embargo on Iran
- Russian, Iranian foreign minister discuss future of Iran nuclear deal in Moscow
Canada's oil production hits lowest level since 2016
- Oil production falls by 700,000 barrels per day in April, and by another 640,000 barrels per day in May
Iraq urges Iran to cooperate on regional stability
- Iranian Foreign Minister Javad Zarif in Baghdad for talks on bilateral relations
Iran: 'Mysterious' new explosion rocks power plant
- No casualties reported in incident, and electricity supply was not disrupted
19.07.2020
Middle East-Africa
India faces 'double blow' in Iranian rail, gas projects
- Indian firms set to lose gas field development after being 'dropped' from previous rail project
Oil prices down with rising coronavirus cases worldwide
- Confirmed cases in US surpass 3.5 million mark
Oil loses gains with OPEC to raise crude output
- Investors remain cautious of second wave of COVID-19 that can easily suppress global oil demand
US slaps sanctions on 8 linked to Russia's Wagner Group
- Five entities, three individuals with ties to Russian businessman Yevgeniy Prigozhin sanctioned
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Putin opposes US plan to extend Iran sanctions
- In phone call with Merkel, Putin says pressure on Iran 'hopeless,' calls for preservation of 2015 Iran nuclear deal
OPEC agrees to ease oil output cut to 7.7 mbpd in August
- Group foresees jet fuel, gasoline and diesel consumption to grow in coming months
OPEC prepares to ease oil production cut to 7.7 mbpd
- "Excess oil will be used for domestic consumption in oil producing nations," Russian energy minister says
15.07.2020
Oil
Oil sees positive momentum with OPEC cuts: Sec. Gen.
- Barkindo points to growing importance of international dialogue, cooperation in helping to stabilize world energy markets
Global oil production declines in June 2020
- Global oil demand in 2020 is estimated to be 8.95 million barrels a day lower than last year
Oil down with record virus cases, US-China tension
- 230,000 COVID-19 cases were reported to WHO on Sunday -- a single-day world record
Fire breaks out at gas plant in eastern Iran
-Multiple incidents of fires reported in various parts of Iran in recent weeks, triggering speculation
OPEC share of global crude output falls to 39% in 2019
- Iran and Venezuela each see a year-over-year 33% decline in crude oil output
Trump: 'I don’t think about' Phase 2 China trade deal
- Relationship with China has been 'severely damaged', US president says
IEA: Global oil supply falls to nine-year low in June
- Record OPEC+ cuts drive most of decline in June as group boosts compliance to 108% from 88% a month earlier
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Oil prices up with lowest US rig count since June 2009
- Decline in oil rig count suggests that crude oil production in US will decrease in short term
Iran’s currency touches new low, sends shockwaves
- Iranian rial was trading at 217,000 (buy) and 218,000 (sell) on unofficial market on Sunday
Iran: 'Incident' damages building near nuclear plant
- Third such incident within week fuels speculation
Kuwait, Saudi Arabia restart production at Khafji field
- Facility closed as part of output cut agreement to ensure price stability in crude oil market
Venezuela's crude exports slump to lowest in 77 years
- Country's fuel imports see fall in June to 66 thousand barrels per day from 77.1 barrels per day in May
Iraq lowers June oil exports, but pumps over OPEC+ aim
- Iraq gains $2.86 billion in June with average crude price per barrel of $33.90
OPEC Sec. Gen. joins African meeting to discuss energy
- Secretary General Barkindo calls for cooperation to sustain oil market stability
US urges UN to extend Iran arms embargo
- Top US diplomat warns Russia, China better-armed Iran would pose risk to stable energy prices they depend on
EU extends sanctions against Russia
-Measures target finance, energy, defense sectors over Russian reluctance to implement deal towards ceasefire in E.Ukraine