Social and Events

The threats of disruption as well as the early supply cuts have helped to lift Brent crude futures to nearly $80 a barrel this month.

Iran argues one member has no right to steal the quota of another.

The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June.

The two vessels have been designed in Finland. and European equipment suppliers account for roughly 60 percent of all vessel systems.

OPEC and its non-OPEC allies will gather in Algeria over the weekend to review compliance with existing cuts.

Seeking to reverse a downturn in oil prices that began in 2014. OPEC. Russia and other allies decided in late 2016 to reduce supply.

At the last OPEC meeting in Vienna. the agreement was extended again until the end of 2018.

Crude prices were under pressure after the US announced a fresh round of tariffs on $200 billion worth of Chinese goods Monday.

Japanese oil distributors are set to halt oil imports from Iran in light of the U.S. request.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.