Energy Market

The U.S.-China trade war grew more intense in 2018 due to several factors, including concerns about trade imbalances, intellectual property theft, and restrictions on market access. These issues led to several wars as both countries sought to assert their economic dominance. When the U.S. placed tariffs on a range of …

Increased oil supplies will moderate prices. But renewable energy will now have to compete with fossil fuel industryBy Richa Mishra ticking to his narrative of “Drill, Baby, Drill”, on January 20 Donald Trump, after taking office as the American President for the second time, declared National Energy Emergency. The objective of …

A new agreement to import Russian gas through Azerbaijan – signed by Iran’s president in Moscow — may reflect difficulties in constructing a pipeline under the Caspian Sea. Among the many challenges it faces as its regional alliances buckle, Iran is also experiencing a severe energy crisis despite possessing the world’s second-largest …

President Donald Trump has promised to drastically lower oil prices in the United States during his second term—but the world’s oil-producing states may not allow him. U.S. President Donald Trump’s ambitious plan to revitalize the American oil sector and slash prices, a key promise of his reelection campaign, may be …

Iran is facing serious environmental challenges exacerbated by climate change, which threaten its long-term sustainability. Rising temperatures, acute water shortages, and increasing frequency of natural disasters such as droughts and floods are placing mounting pressure on the nation’s ecosystems and agriculture. Iran’s heavy reliance on gas and oil, combined with …

In 2016, Iran proposed a regional initiative to develop the Persian Gulf-Black Sea International Transport and Transit Corridor (ITC), which would include Armenia, Azerbaijan, Georgia, Bulgaria, and Greece. This multi-modal corridor will begin in Iran at Bandar Abbas, head north through the country, and continue into Armenia or Azerbaijan, connecting four key …

Egypt and Saudi Arabia advance a significant power grid interconnection, enhancing regional energy exchange and cooperation. Saudi Arabia and Egypt, two of the most powerful countries in the Arab world, have long enjoyed strong diplomatic, economic, and strategic relations. The two nations’ cooperation on regional security issues has further cemented their …

Baku, November 1, AZERTAC Azerbaijan’s hosting of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change will play a critical role in facilitating the country’s transition to green energy, as well as achieving the goals of renewable energy development. Undoubtedly, the international …

Iran’s renewable energy sector now produces less than one percent of the nation’s total electricity, far less than its neighbors Amid the multiple crises roiling the Middle East, Iran’s new President Masoud Pezeshkian also faces important decisions about his country’s energy destiny. Characterized by excessive reliance on fossil fuels and frequent power …

Rival transit corridor projects have centered on the South Caucasus as it becomes more and more important in connecting Europe and Asia. These corridors serve as hubs for international trade integration, regional stability, and economic progress in addition to being routes for transit. The Zangezur Corridor is unique among these …