Oil

The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.

The Azar field is a joint and complex field which is currently producing 30.000 barrels of oil per day. It is set to be expanded through new oil deals by an Iranian company.

Iraq. the second-biggest producer in OPEC. will also attend the meeting. the people said.

The company has performed more than 96.000 meters of drilling operations during the four-month period.

On July 26 oil prices continue rising.

Over past years. Petroleum Ministry paid its main attention to develop oilfields in the Persian Gulf.

Between January and June 2017. the participating producing countries adjusted their production downwards by an estimated volume of 351 million barrels.

In three out of five regions of the US the level of commercial stocks has reached the average 5 year'.s level.

Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.

Oil cartel is going to continue the dialogue with shale producers in Q42017 and extend cooperation with the US companies which have not established the contact with OPEC.