• 3 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 5 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 9 minutes This Battery Uses Up CO2 to Create Energy
  • 12 minutes Shale Oil Fiasco
  • 7 hours Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 2 hours Governments that wasted massive windfalls
  • 1 day Let’s take a Historical walk around the Rig
  • 5 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 10 hours Trump has changed into a World Leader
  • 3 days US (provocations and tech containment) and Chinese ( restraint and long game) strategies in hegemony conflict
  • 20 hours Beijing Must Face Reality That Taiwan is Independent
  • 1 day Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)
  • 1 day Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 3 days Might be Time for NG Producers to Find New Career
  • 42 mins 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 7 hours Trump capitulated
Why Trump Can’t Retreat From The Middle East

Why Trump Can’t Retreat From The Middle East

Without the need for Saudi…

The Hottest Energy Conflict Right Now

The Hottest Energy Conflict Right Now

Belarus has just bought two…

Russia Unlikely to Join the International Energy Agency Soon

Russia Unlikely to Join the International Energy Agency Soon

Gazprom head Aleksei Miller has said that its unlikely that Russia will join the International Energy Agency anytime soon.

Speaking on the sidelines of the St Petersburg economic forum Miller told reporters, "An invitation was today made to Russia to join the International Energy Agency. I think that Russia will not be joining it in the next 12 months. This is my forecast," adding that the IEA is an organization which "represents the interests of consumer countries and establishes their scenarios and strategies for energy market development" before concluding, "I believe that above all Russia should be developing a transparent and constructive dialogue with the International Energy Agency," Interfax news agency reported.

As the head of Russia’s largest state-owned energy company, Miller’s observations carry some weight.

IEA Executive Director Nobuo Tanaka observed, "We all really have a common interest. You cannot take oil in isolation from gas security, energy efficiency and electricity from renewable. The issues of energy security and climate change need to be tackled collectively and we think Russia and other key producers can learn a lot from (the IEA's) experience," adding that while Russia, an energy superpower, is currently viewed by the IEA as a "key non-member" country along with China and India, it would be nevertheless a good thing if Moscow became a “full member” of the IEA.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play