In other news, on Thursday, crude oil posted a two-sided trade, first rallying after official US data showed crude inventories fell sharply last week as refining and exports surged to record highs.
The declines were good news for oil markets, where prices have trended lower recently over concerns that rising USA production is offsetting output cuts by OPEC and other major producers and keeping global markets awash in oil. He said his administration could try to renegotiate the existing agreement or try to create a new one that is more favorable to the U.S.
Rising production in Libya and Nigeria also raised concerns.
He said that thanks to increasing efficiency, USA shale oil producers would likely deliver an additional 1.5 million barrels of crude a day to the market in 2018.
"A decrease in production under an agreement between Opec and non-Opec could largely be balanced out by an increase in USA shale oil production by the middle of 2018", Sechin said.
U.S. President Donald Trump's withdrawal from the Paris agreement, the landmark 2015 global pact to fight climate change, drew condemnation from Washington's allies and many in the energy industry - and sparked fears that U.S.
Reuters sources say OPEC officials discussed deepening the cuts last week and could revisit the proposal.
Crude inventories fell 6.4 million barrels (bbl) in the week to May 26, far more than analysts' expectations for a decrease of 2.5 million bbl.
Manager: Allman tried to keep playing music until the end All of Allman's five children except Island - each of the five has a different mother - have played music professionally. Cher , 71, and Gregg , 69, were married for four years before divorcing in 1979 and they have son Elijah Blue together.
However, U.S. crude production rose to 9.34 million bpd last week, up almost 500,000 bpd from a year ago.
At the end of past year, OPEC and 11 countries outside the cartel agreed to withdraw 1.8 mln barrels per day from the oil market in the first half of 2017.
Crude futures kicked off the week with slight gains, though downward pressure remains as many investors remain unconvinced that production cuts by Middle Eastern and Russian Federation producers are sufficient to offset accelerating output in the US and Africa.
Data from energy services company Baker Hughes showed on Friday that US drillers last week added rigs for the 20th week in a row, the longest such streak on record, implying that further gains in domestic production are ahead.
Traders said that prices had received support from a tightening physical crude market.
"The worry is that you have rising output in the US and thatRs going to offset cuts", said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut.
A drop in output in Angola and Iraq and continued high compliance from Gulf producers Saudi Arabia and Kuwait helped lift OPEC's adherence with the supply cut deal to 95 percent from 90 percent in April, according to Reuters surveys.
Everyone has been following the creation and promotion of LaVar Ball's new athletic company " Big Baller Brand " pretty closely. Lonzo Ball averaged 14.6 points, 6.0 rebounds and 7.6 assists in his one-and-done season at UCLA.
There are chances that Sony will include Nidhogg and Spy Chameleon into the PlayStation Plus free games library in June 2017. As well, the PS4 has also far surpassed the now-discontinued Wii U ( roughly 13.5 million sold since November 2012).
She started on No. 10 and birdied the first three holes, then birdied four of the last six holes of the day. Creamer, meanwhile, faded with a three-over 74 that left her in a group sharing seventh on 207.
A voluntarily promise to reduce greenhouse gas emissions in an effort to combat climate change was agreed in 2015. Trump tweeted yesterday morning: "I will be announcing my decision on the Paris Accord over the next few days".
Daniel Ricciardo brought his Red Bull across in a distant third place to complete the podium, his best result of the season. Pulling out a small lead, Hamilton eventually began chipping away at the Ferrari's advantage.
CBS News confirms that Special Counsel Robert Mueller has cleared former FBI Director James Comey to testify before Congress . A number of congressional committees, in addition to the Senate intelligence panel, are also looking into the matter.
Stuart Shapiro, who works on computer simulations of gravitational waves at the University of IL at Urbana-Champaign, agrees. The second detection was made in December 2015 , and the third detection, called GW170104, was made on January 4, 2017.
He was in the process of negotiating peace with the Palestinians, who also had political claims to Jerusalem . The announcement postpones the president's campaign promise to move diplomatic operations to Jerusalem .
Howard said he wasn't sure what caused him to hit the wall, whether a part broke in the suspension or something else. Takuma Sato , who won this year's race, became the first Japanese driver to win the Indy 500, The Drive reported .
Apple announces watchOS 4 for Apple Watch
The watchOS 4 will be available as a free update to the Apple Watches that can be paired with iPhone 5s and later on iOS 11 . There is also a Activity coaching, GymKit for Apple Watch to communicate with Gym equipments and a new music experince.
All 4 Yankees home runs in 8th inning vs. Blue Jays
Pineda gave up a hit to Luke Maile , a career.178/.208/.297 big league hitter, in an 0-2 count with a pitch up at shoulder level. Biagini retired 10 batters in a row until Castro led off the seventh with a bloop double to left.
Lebanese ministry calls for ban of Wonder Woman movie
With the highly-anticipated stand-alone Wonder Woman film hitting theaters this weekend, talk has already begun about a sequel. Perhaps that's exactly why this superhero movie didn't include one - it might just be that Wonder Woman is its own movie.
Neill Blomkamp Is Making Short Movies For Steam
These short films would be heavily monster focused, and the studio would serve as a testing ground for potential full-scale films. In the wake of his scrapped Alien sequel , Blomkamp has been teasing his new project, Oats Studios , for some time.
VanWynsberghe takes 41st at national bee
Daniel Doudna, 13, of Fairbanks, Alaska, said it was "amazing" to be the third child in his family to attend the national Bee. Jacques Bailly, questions about the word to gather information that might help her determine the correct spelling.
Philippine soldiers killed in 'friendly fire'
The minister raised the possibility of limiting airstrikes if government troops converge within cities controlled by militants. Fighters loyal to him surprised government forces with their firepower, fending off air strikes and house-to-house searches.
Jim Carrey backs Kathy Griffin over Trump decapitation stunt
Is this the kind of person Kathy Griffin wants to be? 'And really, the comedians are the last voice of truth in this whole thing. Dave Berg, author of Behind the Curtain: An Insider's View of Jay Leno's Tonight Show, co-produced the show for 18 years.
Venus Williams opens play at French Open on Day 4
She came closest in 2002 when she was beaten in the final by her younger sister, as she was at both Wimbledon and the U.S. Kvitova double faulted into the net on match point and spiked her Wilson racquet in frustration at that transgression.
AMD Vega to be released in August!
Previous ROG gaming products based on AMD designs included Athlon 64 FX processors and were desktop models, until now. Speaking of Vega, AMD announced that it would launch the new graphics cards at the end of July at Siggraph 2017.
BJP says it will give right position to Rajinikanth
His May 19 speech was replete with hints of political ambition while the superstar met with his fans after a long time. Or like the cigarette that he flicks in the air in a trademark style, the frenzied talk will just end up in smoke.
Five things to watch out for at the French Open on Monday
Czech second seed Karolina Pliskova reached the French Open second round on Monday with a 7-5, 6-2 win overn China's Zheng Saisai. KEY STATISTIC I: 9 - Record number of French Open titles for Rafael Nadal , who is favored by many to collect No. 10 this year.