OPEC and its allies were poised to extend the pact into 2019 even as a global glut of crude was set to evaporate by September.

The Floating Wind Industry Partnership is to begin two new studies to investigate the major issues facing the sector and identify potential solutions.

The waivers could result in savings of $50 million or more in regulatory costs for the company'.s 2016 obligations under the biofuels law.

The region'.s second-largest producer had earlier invited bids by April 15.

Indian oil imports will grow more and more driven by transportation. petrochemicals and other sectors.

The United States now produces more crude than top exporter Saudi Arabia.

India and Iran have settled the main issue on the development of Farzad B Gas Field.

The technical cooperation between Iran and the International Atomic Energy Agency (IAEA) is rooted in the past and it is going on at present too.

Natural gas shortages this winter caused chaos. cutting off supplies to industrial users and causing big spikes in prices.

Earlier this month. the Iraqi government approved a plan to increase crude oil production to 6.5 million barrels per day.