Oil

Oil markets have increased on the back of a fourth consecutive weekly fall in US crude inventories.

Oil Show

14th International Energy Exhibition

Iraq is working to divert most future output from Kirkuk oilfield to local refineries.

OPEC and its allies started withholding supplies last January and currently plan to continue doing so throughout 2018.

Iran and Sri Lanka enjoy long-lasting experience in political. economic and diplomatic cooperation.

Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).

Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.

Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.

Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003.