Russian daily oil output rose in June to 11.15 million barrels per day (bpd), up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, Energy Ministry data showed on Tuesday.

Tariffs, imposed by the US under Section 301 of the Trade Act of 1974, as well as retaliatory tariffs imposed by China on US imports, have already harmed the US oil and gas industry, according to testimony Padilla recently gave to the US Trade Representative's Section 301 committee

Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion (preliminary) in 2018. Expenditures were up 8.7 percent from $272.8 billion (revised) in 2017

The June shipments included 3.39 million b/d from Gulf terminals, 105,000 b/d from Kirkuk through the Ceyhan terminal and 25,000 b/d of heavy Qayara oil transported by truck to the southern port of Um Qasr.

PDVSA and its joint ventures exported 1.1 million barrels per day (bpd) of crude and refined products last month, a 26% increase over May. Chinese buyers took 59% of the shipments, followed by India with 18% and Singapore with 10%, the documents showed.

Brent crude futures LCOc1 were down 15 cents, or 0.23%, at $64.91 a barrel , U.S. crude futures for August CLc1 were down 12 cents, or 0.20%, at $58.97 a barrel

Участники заседания подтвердили свою готовность обеспечить устойчивое равновесие и стабильность на нефтяном рынке, а также поддержали предложение о продлении сделки по ограничению добычи нефти еще на 9 месяцев, сообщил по итогам заседания Министр энергетики Российской Федерации Александр Новак.

In view of the current fundamentals and the consensus view on the outlook for the remainder of 2019, the Conference decided to extend the voluntary production adjustments agreed at the 175th Meeting of the OPEC Conference for an additional period of nine months from 01 July 2019 to 31 March 2020.

“Несмотря на непростую политическую обстановку на мировой арене, интенсивное российско-иранское взаимодействие наблюдается на всех уровнях. Мы заинтересованы в том, чтобы Иран как один из крупнейших мировых поставщиков энергоресурсов оставался равноправным участником рынка”, - заверил Александр Новак.

Once again, Iran has been exempted from the OPEC output cut deal, Zangeneh told the reporters.