Oil

OPEC is to meet in November to discuss a possible extension of the deal beyond March.

Crude oil in floating storage is declining. showing that the market is rebalancing.

The Kirkuk Ceyhan pipeline crosses territory taken by Islamic State militants in 2014 and recaptured by U.S.-backed Iraqi forces over the past two years.

Both Iran and Indonesia have already announced serious plans to boost the level of their trade to as high as $2 billion.

Japan exploring opportunities in downstream and mid-stream sectors.

The number of crude oil carriers berthed at the Kharg Oil Terminal in the Persian Gulf in the past nine months has witnessed a 28% rise compared with last year'.s corresponding period.

NISOC'.s contractual model conforms to the outlines of IPC. such as terms of 20-25 years and higher rewards for riskier projects. but differs in specifics.

Barkindo said consultations are under way for the extension of OPEC output cut deal beyond March 30. 2018.

Saudi Arabia is competing with Iraq to be India’s top oil supplier. with Iraq displacing it for a fifth month in a row in August.

The reductions will be on the same terms as those agreed in November.