International

Iran'.s leaders have dismissed Trump'.s offer of talks. saying the US was carrying out ".psychological warfare"..

China has proposed import taxes of up to 25 percent on U.S. crude. as well as on liquefied natural gas and coal.

The U.S. is weighing case-by-case exemptions for some countries from the next set of sanctions.

Russia’s ability to increase its oil extraction on its current technological basis has been effectively depleted.

Nigeria is presently the fourth exporter of gas in the world.

Russia currently expects its oil production to stay at these high levels in the next five months.

The sanctions proposed against Russia’s energy sector could cause more damage. but the details remain unclear.

India is working with Bangladesh in interconnecting gas grids and supplying diesel through pipelines.

The project is awaiting completion of security approvals and the licenses necessary to start drilling.

At 408.7 million barrels. the EIA said. crude oil inventories were below the five-year seasonal average.