Concerns raised by the United States that oil prices were too high also made the exporting group start internal discussions.

Seven vessels had already left Iranian ports with their cargoes. while four have yet to depart or have yet to arrive at Iranian ports.

OPEC and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles.

Middle East oil producers and Russia have forged closer ties since striking a deal to cut global crude output in a bid to remove a glut in supplies.

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Šefčovič’s statement from Brussels reiterated the need for continued. long-term transit of Russian gas through Ukraine to the EU that would be both reliable and commercially viable.

This discovery as an important milestone in the development of exploration and production projects abroad.

OMV is an international. integrated oil and gas company. headquartered in Vienna.

Barkindo took over as Secretary General of OPEC in August 2016.

The value of non-oil exports during the period from 21 March to 21 May. has reached $7 billion. which means a rise of 25 per cent.