OPEC ministers attending the Moscow event said they were considering extending the deal or making a deeper cut.

In Greece. Hellenic Petroleum declared force majeure on its 100.000-bpd Elefsina refinery in July. suspending diesel exports.

For the purposes of the memorandum. LUKOIL-Engineering and NIOC will set up exchange of data necessary to study the areas. and establish a joint working group.

The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.

Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.

IEA'.s new report on renewable energy showed new solar PV (photovoltaic) system capacity grew by 50 percent last year. with China accounting for almost half of the global expansion.

Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.

Data from MarineTraffic shows that the Yang She You 278 now is in the Kola Bay on its way back from the operation.