International

Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.

The NOC shut the oilfield in the aftermath of the incident and 160.000 bpd are lost from the Total output of Libya'.s crude.

Trump has said Putin is ``a competitor. and a good competitor he is.``

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

The United States led the world in oil production for much of the 20th century.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.

A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

Critics say using the oil reserve for anything other than an oil supply disruption is unwise.

India was in touch with Iran on several issues. including on US’s withdrawal from the Iran nuclear deal. signed in 2015.