International

US gasoline stocks fell 1.41 million barrels last week to 233.76 million barrels.

Exxon produces around 80.000 barrels of oil and 441 million cubic feet of gas a day in the British North Sea.

OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy.

The outlook for oil demand growth is ".fragile.". with a greater likelihood of a downward revision than an upward one.

China accounts for 85 percent of the world’s production of rare earths.

Three of the oil officials said Exxon had costed the project at higher than Hyundai’s $2.4 billion.

China and Russia have an interest in preventing the complete collapse of Venezuela’s oil industry.

The pipeline’s offshore section is expected to equal about 910 km.

Turkey has sent two drilling ships. Fatih and Yavuz. as well as an exploration vessel. to operate in waters off the divided island of Cyprus.

Pressure has mounted on China to develop soybean importing channels after its trade relations soured with the US.