US
Raises limit on withdrawal from escrow account
Move aimed at shielding oil industry from hefty losses
Saudi Arabia considers extending output cuts until end of 2020
Collapse of business activity will continue to weigh heavily on oil prices for many months
It took the decision just a day before the end of its tenure
Likely to sign state-to-state agreement to reduce reliance on Middle East
Centre should allow provinces to award petroleum concession agreements.
Venezuela has wrestled with intermittent gasoline shortages in recent months
Sends plan to govt for approval and to ensure energy security
Officials says barons prepared fake documents to claim freight on oil transportation