International

As oil prices have headed south. Saudi Arabia said it would cut exports by 500.000 bopd next month.

The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.

Aramco’s Research and Development Center won the Breakthrough Research of The Year for their Project.

Turkey strongly objects to exploratory drilling off Cyprus.

Nord Stream 2 is a joint venture of Gazprom and five European companies.

Libya hopes to obtain an exemption from possible reductions in oil production.

Venezuela’s crude production could soon sink to below 1 million bpd.

The IEA has forecast strong growth in gas use in other parts of Asia. including South and Southeast Asia.

The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.

Oil prices at $70 or above is never the best choice for the consumers and Russia is in that camp.