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OIL AND GAS
Rivals Iran, Saudi held new round of talks in Iraq
by AFP Staff Writers
Baghdad (AFP) Sept 29, 2021

Regional rivals Saudi Arabia and Iran have met again in Iraq, several local sources said Wednesday, as talks aiming to ease tensions have continued under Iran's ultraconservative President Ebrahim Raisi.

Muslim Shiite-majority Iran and Sunni power Saudi Arabia, on opposing sides in multiple Middle East conflicts, have been engaged in talks since April at the highest level since cutting ties in 2016.

The discussions, hosted by Iraq as it seeks to act as a regional mediator, were launched under Iran's former, moderate president Hassan Rouhani, who was replaced in August by Raisi.

The talks have led to "serious progress" regarding Gulf security, Tehran's foreign ministry spokesperson Saeed Khatibzadeh said on September 23.

The latest round of talks was confirmed by three Iraqi sources, all speaking on condition they not be named.

"An Iranian official met with a Saudi official in Baghdad, following previous meetings between the two countries," one source told AFP, confirming the talks took place in recent days.

A government official and a source close to the government confirmed the meeting, without providing more details.

US ally Saudi Arabia and Washington's arch-foe Iran are at odds over many regional issues, including the wars in Yemen and Syria.

Riyadh also has concerns about Iran's nuclear programme, despite the Islamic republic's insistence it is pursuing only "peaceful" nuclear technology.

Saudi King Salman said in his recent speech by video conference to the UN General Assembly that "we hope that our talks will lead to tangible results that would build trust" and revive bilateral "cooperation".

He again called on Tehran to "cease all forms of support" for armed groups in the region and reaffirmed the kingdom's support for "international efforts to prevent Iran from acquiring nuclear weapons".


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OIL AND GAS
OPEC sees oil demand growing over next two decades
Vienna (AFP) Sept 28, 2021
OPEC said Tuesday it expects oil demand to rise between now and 2045, and remain the dominant source of energy despite warnings that it must fall to combat climate change. The cartel's world oil outlook goes against the vision of the International Energy Agency, which warned in May that demand must fall over the next decades for the world to meet its climate goals. Oil demand and prices fell sharply as the pandemic emerged last year, but both have rebounded this year as economies recover from th ... read more

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