Oil

Unless a miracle happens and fundamentals change miraculously. an extension is a must and not just an ``option.``

The price drop mirrors the trend in global prices that have been shaky in recent weeks.

Trio plus Kazakh agree to keep all options open including the possible extension of output cuts beyond next March.

Iran has been producing around 3.8 million bpd of oil in recent months.

Oil exports are expected to reach up to 2.5 million bpd within five years.

Iran for exporting its oil to Americas needs to carry out further studies.

Lukoil and Indonesia’s Pertamina individually proposed plans to develop the Bangestan reservoir of the Mansouri oil field southeast of Ahwaz.

The cut deal is very likely to be extended through to mid-2018 and even maybe end-2018.

The project has faced repeated delays since it was conceived in the 1990s to connect Iran'.s South Pars gas field to Pakistan.

China had asked Russia about the possibility of shipping around 3.5 million tonnes of oil via the Russian Pacific port of Kozmino next year.