Arabian Gulf stocks may be roiled by crude.

Crimea is subject to EU sanctions on energy equipment after Russia annexed the Black Sea peninsula in 2014.

A rebalancing of the oil market is progressing more slowly than expected. but it will speed up in the second half of the year.

Nigeria and Libya have been exempt from quotas under the Vienna deal between OPEC and 10 other major oil producers on limiting oil production agreed in November 2016.

The project is part of efforts to raise the low share of renewable sources in Iran'.s power industry that mostly uses fossil fuels to generate electricity.

The U.S. rig count is up 488 rigs from this time last year when it stood at 462. according to Baker Hughes.

Ecuador is doing what other members wish to—ditching a supply deal that has become more painful than gainful.

Iran is one of the 195 countries that signed a historic agreement in Paris two years ago to curb global emissions.

Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.

The development of Phase 11 of the South Pars project will cost up to $5 billion.