International

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

The United States led the world in oil production for much of the 20th century.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.

A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

Critics say using the oil reserve for anything other than an oil supply disruption is unwise.

India was in touch with Iran on several issues. including on US’s withdrawal from the Iran nuclear deal. signed in 2015.

President of Russia Vladimir Putin and US leader Donald Trump are going to discuss oil prices at the summit in Helsinki.

The U.S. is confident that it would be able to sanction Iran without market disruptions.

Daily oil production stood at 792.000 barrels in June 2018. of which 739.000 barrels accounted for crude oil and 53.000 barrels - for condensate.