Oil

Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.

Oil demand could peak in the 2030s if the electric car boom proceeds as promised by the world’s green energy innovators. according to OPEC.

Total would be the first major Western enterprise to invest in Iran’s energy sector after the removal of sanctions against the country in 2016.

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.

According to Oil Minister Bijan Namdar Zanganeh. negotiations are underway with Iraq to develop three joint oilfields.

OPEC is seeking to achieve consensus agreement before a meeting on Nov. 30 about extending a global pact to curb oil production.

Iran was Japan'.s fifth oil supplier after Saudi Arabia. the UAE. Kuwait and Qatar. with a share of 6.8 percent in September 2017.

Alwaleed’s arrest will send shockwaves through the world’s major financial centres.

Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.

Iraq sold 3.29mn bpd of crude from Basrah port in the south last month. down 2% from September. according to tanker tracking.