Oil

Production from at least one Libyan oil field has also been disrupted by a dispute over security guards’ pay.

The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.

The price for April futures of the North Sea Brent oil mix has increased by 0.01 percent to $67.32 per barrel.

The IPO is the centerpiece of the kingdom’s plan to wean its economy off oil.

Many agencies have documented the decline in inventories.

Federal police forces had pulled out from the province amid reports about an imminent attack by the Daesh terrorist group.

The field is operated by a joint venture between state-owned NOC and Italy’s Eni.

OPEC and non-OPEC members were committed to bringing stability and to balancing the market.

By December 2017. the volume of active rigs was less than half of what it was two years earlier.

BP predicts that there will be two billion cars worldwide by 2040 but that internal combustion engine will continue to dominate.