Oil

Norway is Western Europe'.s largest producer and exporter of oil and gas.

In southern Iraq. Chevron is one of the major foreign companies—alongside France’s Total and Petrochina.

The market is tightening and it’s tightening very quickly.

Freezing weather in the United States has spurred short-term demand. especially for heating oil.

Russia implemented its pledged 300.000 barrel-a-day supply cut gradually.

Iran exported 2.13 million barrels per day (bpd) of crude in last year.

The higher prices are expected to stoke U.S. shale output.

Norway'.s oil production has been halved since a 2000 peak.

The rate of the stockpiling eased in the second half of 2017.

IOPTC'.s policies to rely on domestic parties have so far saved the country 13 billion dollars since March 2016.