In 2018. China imported 54M tonnes of LNG. a 42% rise over 2017 when 37.8M tonnes of LNG was imported.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

The bank expects Russia'.s overall growth prospects for 2019-2021 to be modest given low growth potential.

The United States has already slapped Venezuela'.s state oil producer PDVSA with punitive measures.

Caracas considered unacceptable Washington'.s decision to apply measures against vessels and transportation companies to affect oil shipments to Cuba.

Iran’s production from the oilfields in West Karoun has risen to 350.000 barrels per day during the last two years.

Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.

All the signs are that US-China trade talks are progressing well.

Before sanctions. the US used to be the largest buyer of Venezuelan crude.

Positive signs in the Sino-U.S. trade front eased concerns over the potential negative impact on oil demand from the world’s two biggest oil importers.