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Concern that the U.S.-Chinese trade war could slow down economic growth and hit oil demand also weighed on the market.

IEA says renewable energy could grow 25 percent faster.

Exports in the US has averaged at 0.87 billion cubic feet per day (Bcf d) in the first half of this year.

The planned listing of the world'.s biggest oil producer was to be the cornerstone of the kingdom'.s promised economic overhaul.

The world’s second largest economy halted purchases of US crude in August for the first time since September 2016.

The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.

Oil-related investment requirements across the upstream. midstream and downstream are estimated at around $11 trillion in the period to 2040.

Omid Investment Management Group Co. also signed the deal. under which construction should be completed within three years.

The Islamic Republic is close to a deal with Europe over oil sales.

The United States is consulting with all of its friends and partners to discuss the implementation of the sanctions after the snapback.