Oil

Saudi Arabia still loses sleep over the price of oil. Not for much longer.

This year it is planned to produce about 5 million tons of oil and 3.1 billion cubic meters of natural gas at Kashagan

Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.

Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.

Aramco plans to sign an additional agreement with Jacobs Engineering to form a joint venture for project management.

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.

Iraq is with the continuation of a reduction of oil production of OPEC nations and we will push in that direction.

Iran is faced with no problem when spending its oil money.

The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.

The initial capacity of IGB will be 3 billion cubic meters of gas.