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The IEA expects Venezuela'.s crude output will fall to 1.38 million barrels per day (mb d) by the end of 2018.

Roughly 15 percent of the gas Europe buys from Russia is transported through Ukraine.

Rosneft and CEFC Energy inked a deal on crude oil deliveries in 2017.

New York and London have long been the clear frontrunners to host the international leg of the flotation. alongside a Riyadh listing.

The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .

OPEC wants to develop a closer relationship with the U.S. shale industry.

OPEC'.s top executive said at CERAWeek on Tuesday that the 100-million barrel per day market is fast approaching.

Saudi Arabia plans to raise about $100 billion by selling shares of Aramco on the public market.

Both China and Russia have extended massive credits to Caracas.

The gas giants are currently involved in a long-standing litigation over the terms of the current delivery contract.