The IEA expects Venezuela'.s crude output will fall to 1.38 million barrels per day (mb d) by the end of 2018.

Russians can pull out of the deal as they have made no commitment to OPEC to remain in the agreement until the end of 2018.

Statoil is one of the world’s most carbon-efficient producers of oil and gas. and will develop its low carbon advantage further.

Roughly 15 percent of the gas Europe buys from Russia is transported through Ukraine.

Rosneft and CEFC Energy inked a deal on crude oil deliveries in 2017.

Iraq is OPEC’s second-largest oil producer after Saudi Arabia.

The yuan-based futures may also help China’s effort to promote the yuan as a global currency.

The United States has been increasing its LNG deliveries to European Union countries.

The growing Chinese appetite for natural gas could justify new LNG export facilities investment in the United States.

MAN Diesel &. Turbo will manufacture the ordered compressor systems in Zurich.