International

Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.

Government working to negotiate with Trump administration to maintain relations with Iran.

The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.

The US ultimatum has also contributed to upward pressure on world oil prices.

These funds will allow Venezuela to upgrade the development of its key industry.

The two-way trade volume totaled US$12 billion in 2017. with South Korea exporting $4 billion worth of products.

South Korea’s second largest refiner GS Caltex has bought 4 million barrels of Mars crude in recent months. the sources said.

The U.S. is unlikely to join with China and India. though it should.

Recently. open US pressure on those Europeans who support the project has intensified.

The terms of the agreement reached last month were ambiguous.