Russia’s reductions are modest compared with the cuts from some of its partners.

Market participants would be looking out for last week'.s US inventory data to provide further price direction.

OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly.

Saudi Arabia wants to make Pakistan’s economic development stable through establishing an oil refinery.

The expected investment of US$175 million will be funded by the JV.

Zarif'.s remarks follow announcement of joint U.S.-Poland summit aimed at pressuring Tehran.

The Saudi renewable energy program is directly supporting the Vision 2030 strategy.

The move comes as it seeks to finance the acquisition of petrochemical giant Sabic.

BP is targeting the Shafag-Asiman area. which could be a similar size to Shah Deniz 2.

Wood Mac notes growing worry about a global economic downturn in its report.