Social and Events

U.S. crude oil production in 2018 is expected to rise 1.31 million barrels per day.

The Trump administration recently said it would double tariffs on steel from Turkey.

Russia would maintain its oil production on the level of July within OPEC+ deal.

OPEC and its partners agreed in late June to raise output by 1 million b d.

The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.

China is under the pressure to cut oil purchases from Iran.

A 5.200-guest cruiseliner was floated on Tuesday at Meyer shipyard in Germany’s Papenburg.

Sinopec will process 121 million tonnes of crude oil in the second half of the year.

Demand from new buyers is also supporting LNG prices in the region.

Almost 16 banks are expected to participate in the lending process. with the lead banks to be selected later Thursday.