The Saudi Arabian national oil and gas company Saudi Aramco has decided not to buy a share in Novatek’s Arctic LNG-2 project.

Under the three-year agreement. the Saudi gas factory will manufacture and supply gas cylinders and tankers to GASCO.

Fiat Chrysler has made a transformative merger proposal to Renault. the Italian-American carmaker said. in a deal that would create a new third-ranked global manufacturer.

The project has languished in pipeline purgatory as Canada’s federal government. BC. Alberta. indigenous groups. and environmentalists continue to wage war over the controversial project.

Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.

In oil futures markets. the trade war effect is better seen beyond the spot market.

The IMF study says tariff revenue collected from levies on Chinese goods has been borne almost entirely by U.S. importers

Iran is due to offer a large cargo of crude oil to domestic buyers through its energy bourse on Tuesday. in a direct sale to bypass the US unilateral sanctions.

Iran is the ultimate victor of this economic war with the US.

Ural is the third of the new LK-60Ya class of nuclear-powered ice-breakers which are replacing the Arktika-class.