Upstream oil and gas spending in 2018 rose by nearly 4percent year-on-year to $477billion.

Saudi Arabia and the UAE had pledged to raise output to offset any outages in the market.

China’s decision to impose tariffs on US LNG will make LNG projects outside of the US more attractive.

ICBC. China’s bank. is topping the Global 2000 ranking for the seventh year in a row.

Investors are focusing on the US-China trade tensions.

Total energy investment stabilized at about $1.85trn in 2018 after three years of decline.

The EIA projected gas output would increase in most of the big shale basins in June.

China will increase tariffs on $60 billion of products imported from the US.

Tehran and Baghdad had signed a deal on the exports of natural gas from the giant South Pars Gas Field in 2013.

Iran has the right to partially suspend its commitments under the 2015 nuclear deal.