Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.

Libya’s national production rose to above 1 million bpd last year after long-term blockades of ports and pipelines ended.

Arab oil accounted for 84.943 million barrels or 85.2 percent. of Japan’s petroleum needs in March.

The deals conclude ADNOC Offshore'.s round of concession stake awards. raising the total value close to $8bn.

The project. which has generated a large number of jobs in the area. is hoped to develop agriculture and industries.

India will work to create a network with other major oil buyers in Asia to negotiate better terms with sellers.

Some natural gas storage operators have reported net withdrawals from base gas. beginning with the week ending 6 April 2018.

Ms Merkel is the second European leader to visit the White House this week.

The average price of Iranian light crude oil has been $65.39 a barrel. and the average of the Iranian heavy crude oil has been $63.88.

While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.