Oil

U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.

World oil consumption would hit 100 million barrels per day later this year. ``much sooner`` than earlier projected.

The second-largest production increase came from Iraq and the United Arab Emirates.

China. the United Arab Emirates. Iraq. Afghanistan and India are the main destinations of Iran'.s non-oil exports.

Saudi Arabia still wants to keep oil prices as high as possible without offending Washington.

OPEC’s production rose in August as a recovery in Libyan output helped offset a cut in Iranian exports.

For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.

Iraq’s exports from the south were set on a record pace in August.

14 petrochemical projects have been inaugurated since 2013. and six more projects will be inaugurated next year.

The government is looking for extra money to implement President Vladimir Putin’s pledges of higher social spending and better infrastructure over the next six years.