Tag Archives: oil

Pressure is growing around the world to cut off international purchases of Russian oil because of the Kremlin’s war of aggression against Ukraine. In recent days, the government of Poland announced its intentions to do just that, in addition to self-embargos on Russian coal and natural gas, before the end …

When President Joe Biden announced a U.S. ban on Russian oil and other energy imports last week, he called the sanction a “powerful blow to Putin’s war machine” currently invading Ukraine.  But the move means Washington must find alternative sources of crude elsewhere, and its search for new supplies, from …

As fuel prices skyrocket following the Russian invasion of Ukraine, another major supplier of oil and natural gas is poised to play an important role. Before Donald Trump‘s withdrawal from the 2015 nuclear deal and the imposition of sanctions on Iran’s oil exports, Iran produced 3.8 million barrels of oil per …

Without using the capacity of foreign companies in the Iranian petrochemical industry, the gap between Iran and Saudi Arabia in petrochemical production will increase, and other competitors will also increase their share in the regional and global markets. In recent years, the export of petrochemical products from Iran has made …

Analysis: Tightening sanctions could lead to a decline in Moscow’s share of Europe’s energy market. Vladimir Putin’s invasion of Ukraine has posed several challenges for Western companies, with a growing list looking to exit Russia as international sanctions tighten. While Russian energy firms have not been sanctioned, a growing number of Western oil …

Saudi Arabia is undoubtedly concerned by Biden’s emphasis on addressing climate change since this would mean a drop in the demand for crude oil, the backbone of Saudi Arabia’s economy. The stability of global energy markets has long been a major factor in U.S. relations with Saudi Arabia. Riyadh’s potential to increase …

Considering the lack of interdependence in Iran-China relations, if a nuclear agreement between Iran and the US is reached, China will continue its relations with Iran in line with its national interests in increasing cooperation in the fields of the economy and energy. Reducing Iran’s role in the energy market …

Chabahar port could become a significant commercial outlet serving these countries, and it could also prove quite lucrative for Iran, which has struggled to raise funds in the wake of oil and gas sanctions. Iran’s strategic, geopolitical, and geoeconomic position has been carefully scrutinized by major countries around the world. …

Any new agreement between Iran and the United States could bring Iran’s rivals in the region closer together. It is obvious that Turkey and Saudi Arabia must solve the existing problems within the framework of their national interests to play a more active role in the region in the post-COVID …

Sanctions have had a devastating impact on Iran’s oil production and exports, preventing much-needed investment in the country’s ageing fields and barring it from legally exporting crude oil to global customers. Using a range of evasion tactics, however, Iran has succeeded in circumventing sanctions and maintaining a steady — albeit …