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Saudi total exports are set to drop to around 7mn bpd in January.

China added to market-friendly noise by saying it had agreed to cut tariffs on US autos to 15 per cent from 40 per cent.

Libya’s largest oil field was halted after members of the Petroleum Facilities Guard shut down pumps leading to tanks.

China’s gas needs peak for its winter heating season.

Fezzan is the historic name of the southern region of Libya where El Sharara oilfield is located.

The deal was announced after Novak held bilateral meetings with several counterparts.

The global demand for LNG carriers is forecast to grow further for some time.

Under the agreement Turkmenistan will make an investment of around $24 billion to deliver around 3.2 bcfd of gas for 25 years.

The 50 km2 energy city will be constructed at between Dammam and Al-Hasa in the heart of the Saudi energy business.

MAN Cryo is a wholly owned subsidiary of MAN Energy Solutions.