Traders are also nervously awaiting Trump'.s decision on whether or not to continue with the Iran nuclear deal. which he has in the past derided.

U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.

Oil firms will evaluate technical solutions by researchers from around 27 countries at the two-day event.

Iran appears to be ramping up its oil exports ahead of the likely sanctions.

As the leader of TAPI Pipeline company Limited. Turkmengas State Concern. which has a controlling stake. acts as the main financier and project manager.

The Aphrodite discovery in Cyprus’ Block 12 was made in late 2011.

The Sanchi was carrying the equivalent of nearly 1 million barrels of ultra-light crude. plus its own fuel. to South Korea.

Marubeni is a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors.

Saudi Arabia has received requests for information from five countries — South Korea. China. US. France and Russia — to build two nuclear reactors.

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.