Oil

Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.

Growth in shale production should limit any increases in Saudi oil pricing.

Under an initial agreement. Russia was expected to buy up to 500.000 b d of oil in return for Russian equipment and commodities.

OPEC. allied suppliers to meet in June to assess crude market .

Iran met seven percent of Japan'.s oil demand in 2016.

Sanchi burned for more than a week before it sank Jan. 14. sealing the fate for the estimated 29 crew members still on board.

The daily production of this field is 140.000 barrels of oil from near 90 wells.

Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.

Natural gas production was at 65.35 billion cubic meters (bcm) last month. or 2.11 bcm a day. versus 63.5 bcm in December.

Chevron. Total and PetroChina may form a consortium later on to take over the development of the field.