International

Bob Dudley. the American boss of the oil giant. was forced to flee Russia in 2008 .

The Nord Stream 2 gas pipeline is scheduled to be put into operation in late 2019.

Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.

Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.

Gazprom is ready to hold negotiations with Naftogaz of Ukraine on gas transit after the expiration of the current contract.

Saudi oil giant plans to trade as much as 6 million barrels a day.

Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.

In recent years. American reliance on foreign petroleum has dropped.

Many of the world’s biggest oil companies. like BP. Total. Royal Dutch Shell and Eni. have operations in Iraq.

Gasoline stocks dropped by 3 million bbl. compared with analysts'. expectations in a Reuters poll for a 227.000-bbl drop.