Turkmenistan has asked to receive what it said to be a 1.8-billion-dollar debt from Iran. a claim that is not accepted by the Iranian side.

According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.

The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March.

The project would simplify China’s oil imports from the Middle East.

The Egyptian government had agreed to buy 12 million barrels of oil per year from Iraq.

The official urged the use of all the country'.s capacities. in particular the private sector.

Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.

Iran is currently producing 4.5 million tons of ethane annually which will cross 6 mt y next year and 10 mt y by 2020.

OPEC and its partners see merit in maintaining their curbs into 2019.

The long-term picture for gas is highly positive. said Fuzzy Bitar. Head of Upstream operations. BP.