International

Japan will extend additional official development assistance to bring the total to more than 300 billion yen.

The world’s second largest economy halted purchases of US crude in August for the first time since September 2016.

India has been lobbying hard to seek US sanctions waivers for the import of Iranian oil through Iran'.s Chabahar project.

Donald Trump recently accused OPEC of ``ripping off`` the world.

In Europe. Russia’s Urals is considered to be one of the best replacements for Iranian grades.

India’s economic development is likely to have a considerable impact on future international energy markets.

The plant is expected to cost some US$400 million.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

Russia can bring ``a couple of hundred thousand barrels`` in the short term.

Saudi Arabia will continue to increase oil production in order to achieve moderate prices.