International

Russia. Saudi Arabia and the UAE are all part of the OPEC+ coalition.

The attack by Yemeni forces last month shut down 5.7 million bpd of Saudi Arabia’s oil production.

The Aramco IPO will undoubtedly raise an enormous amount of capital. and prospects look good for the immediate future.

The US has seen an increase in its oil supply to South Korea.

Lithuania. Latvia and Estonia are on track to integrate into the European energy grid by 2025.

Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.

Italy has received rounds of waivers from the US on Iran sanctions.

The relationship between Saudi Arabia and Russia brings an opportunity for ``perpetual stability`` in global oil markets.

This is an auction for big players given the volume of oil involved.

The Charter of Cooperation is a high-level voluntary commitment.