Some financial and legal advisers have recommended London as a safer bet.

The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.

Rosneft. Russia'.s biggest oil producer. is 50 percent state-owned.

The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.

The U.S. rig count peaked at 4.530 in 1981. It bottomed out in May of 2016 at 404.

Iran'.s export from Siranband border crossing in the Western province of Kordestan was increased by 90 percent during March-May period.

Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves. which have yet to be explored or invested in.

A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.

Investigators found that a gas detection system. which formed part of the current fire and gas detection assessment. had never been installed.

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.