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TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey.

The planned second line of the Turkish Stream is intended for the supply of gas to European states.

Trump’s first complete budget proposal. released in part on Monday. would raise $500 million in fiscal year 2018.

The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

Saudi Arabia is pushing to extend the cuts by a further nine months until next March.

Iraqi prime minister also agreed on the need to extend OPEC cuts for a nine-month period.

Iran backs regional resistance groups. such as Lebanon'.s Hezbollah. which are considered terrorists by the US.

Sasol confirmed on its website there had been an explosion at about 0545 GMT at the country'.s only inland refinery.

Russia will see lower inflation and a smaller budget deficit if OPEC and non-OPEC oil producers agree to extend a production cut deal.