Oil

Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.

The recent flash floods across the country had mostly hit oil-rich provinces such as Khuzestan.

Iraq had a company like EIED which could establish ties with its Iranian opposite number.

Caracas considered unacceptable Washington'.s decision to apply measures against vessels and transportation companies to affect oil shipments to Cuba.

Iran is exempt from oil-output cuts following Trump’s decision to re-impose sanctions on the country last year.

Crude oil production in the U.S. rose by 100.000 barrels to 12.2 million barrels per day (bpd) for the week ending March 29.

Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.

Zanganeh and Novak had agreed at the meeting to strengthen ties between the two oil exporters.

The merger will operate under the Idemitsu Showa Shell trade name.

Now prices are higher than they were in January.