Fitch Ratings downgraded Petroleos Mexicanos for a second time in five months. plunging the world’s most indebted oil company into junk status.

The United Kingdom has Made major progress in reducing emissions. according to the IEA’s latest country review.

UK High Court this month will take up a case brought by Iran’s Bank Mellat against the British government over a 2010 freeze of assets. for which the lender is demanding $1.6 billion in compensation.

Even as oil demand is beginning to weaken this year due to a brewing economic slowdown. the oil industry faces a longer-term threat to oil demand as bans on plastic begin to multiply.

The administration of US President Donald Trump has announced new sanctions on Iran. targeting the country’s petrochemical industry. including its largest petrochemical holding group. called Persian Gulf Petrochemical Industries Company (PGPIC).

OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June.

China'.s Bank of Kunlun is the only Chinese bank that cooperates with the Islamic Republic of Iran.

The project is the biggest-diameter offshore gas pipeline in the world laid at such depths.

Close to 14 billion cubic meters of natural gas was sold in 2018 -- up 5% compared to the year ago.

China’s Bank of Kunlun has revived operations in Iran. Vice Chairman of Iran Chamber of Commerce. Industries. Mines and Agriculture (ICCIMA) Pedram Soltani tweeted.