Saudi Arabia hopes OPEC and its allies will agree to extend oil production cuts into the second half of the year at a meeting that will probably take place in the first week of July. according to the country’s energy minister.

Greenpeace said one of its ships blocked an oil rig’s path to a North Sea field yesterday afternoon.

Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20-billion Abadi liquefied natural gas project. a key step toward reaching final investment for one of the world’s biggest export ventures.

There’s no doubt Iran was responsible for attacks on two oil tankers leaving the Persian Gulf last week. and the U.S. will guarantee safe commercial navigation going forward with its partners.

The outlook for oil demand growth in 2019 also put pressure on prices.

Iran says its decision to reduce commitments to the JCPOA is within its rights under the agreement.

Iraq’s government is expected to launch a tender to develop the field this year.

Boeing is reportedly considering phasing out some old-school physical tests and relying more on digital simulation analysis in order to streamline the flight safety certification of its latest long-range 777X and future jets.

The spokesman for the Atomic Energy Organization of Iran says the country will surpass the uranium stockpile limit set under the nuclear deal from June 27.

Iran’s Foreign Ministry officials are still in talks and close contact with Europeans.