Oil

Global oil supply fell by 140.000 bpd in April to 96.17 million bpd.

Production from all oilfields is close to 300.000 barrels a day.

Iran pumped 3.759 million barrels per day in April. trimming 39.000 barrels in daily crude oil production compared to the previous month.

Iran boosted its crude exports to South Korea by 63.5 percent in last month.

The export plan for this year. based on nominations submitted by shippers. will add more oil to the global market.

Maersk produces oil from the Danish and UK sections of the North Sea. Qatar. Algeria and Kazakhstan.

OPEC agreed to slash the output by 1.2 million barrels per day from Jan. 1.

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.

The company will allocate $1 billion to expand the fields in the first phase and if required.

Afghanistan is importing all its oil and gas from Iran. Turkmenistan. Kazakhstan and sometimes from Iraq.