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Economics says the reason for the GDP growth deceleration was a slowdown in the growth of the industrial production sector.

The cartel is said to be leaning toward a nine-month extension of the cuts to the end of 2018.

Last week. Aramco signed US$4.5 billion worth of total contracts with international companies to boost its gas production and processing capacity.

This production growth rate will turn the United States from a net importer of oil into a net exporter by 2025.

Most of the recent talk about Aramco’s international listing venue has centered on New York and London.

Iran is willing to accelerate the development process of its petrochemical industries.

The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.

Argentina’s government in the meantime has been putting a lot of efforts into accelerating the exploitation of the country’s oil resources.

Gazprom is showing no concern whatsoever about potential challengers of its market share in Europe.

Orbital satellite data suggests that Saudi Arabia’s crude oil inventories have risen slightly since early 2016.