Oil

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

9th Specialized Exhibition of Domestic Manufacturing Oil Industry Equipment

In November. OPEC and non-OPEC ministers will discuss the market situation and implementation of a global deal to cut oil production.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.

The global oil cartel was looking forward to strengthening its cooperation with Russia.

According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).

Bilateral meetings will also be held on the sidelines of the event.

Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.

At the beginning of last month. Sharara had resumed production following a two-week halt.