Oil

OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.

U.S. crude inventories rose by 3.4 million barrels to 432.575 million in the week to March 27.

Concerns rise that US exit from nuclear deal with Tehran will result in sanctions on Iranian oil and reduced exports.

Data showed U.S. personal income rose just 0.3 percent in March. compared with expectations of 0.4 percent.

The JCPOA implementation is acceptable for Iran’s oil sector until the Islamic Republic is able to sell its oil.

Russia’s crude shipments into Europe via the Baltic and Black Seas are due to fall by an average of 19% year-on-year in the first five months of 2018.

The Aramco board meets next in early May in Houston. where they will review the latest IPO developments.

U.S. President Donald Trump has until May 12 to decide whether to restore the sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.

About a quarter of all oil imports for Japan come from the UAE.

Iran'.s oil and gas condensate exports rose by 1.018 million barrels a day to 2.418.000 barrels per day after implementation of the deal.