International

SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.

Iraq hoped to more than double production from the northern Kirkuk oilfields with the help of BP.

The UN Security Council in August banned North Korean exports of coal.

Washington has introduced several rounds of sanctions against Russian businessmen. politicians. enterprises. and economic sectors over the Ukranian crisis.

The IPO is the brainchild of Crown Prince Mohammed Bin Salman as the cornerstone of his Vision 2030 program to reform the country’s oil-dependent economy.

Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.

Iraqi authorities are looking to speed up gas exploitation to help overcome severe electricity shortfalls.

Libya is politically divided between eastern and western authorities. including two oil corporations.

Gazprom and its five partners signed agreements on a new model for financing the project in April 2017.

Oil prices edged higher after the report was released to trade above $69 a barrel and later steadied.