Crude oil and petroleum products are commodities traded in global commodity markets, such as London, New York and Singapore.
Protests against high petrol and diesel prices paralysed many parts of India earlier this month, shutting businesses, government offices and schools.
The Iraqi cabinet on Sunday approved a plan to raise the nation's crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement.
The Paris-based IEA raised its forecast for oil demand this year to 99.3 million barrels per day (bpd), from 97.8 million bpd in 2017.
The Organisation of the Petroleum Exporting Countries and allies including Russia are keeping supply limits in place in 2018, a second year of restraint, to reduce a price-denting glut of oil held in inventories.
The poor conditions, with strong winds, rain and waves as high as 3 metres, frustrated efforts to tame the oil tanker fire and search for the 31 remaining crew members, the Ministry of Transport said.
Concerns were growing that the tanker, which hit a freight ship on Saturday night in the East China Sea, may explode and sink as the inferno grew.
About 30,000 barrels per day of crude will be trucked to Iran's Kermanshah refinery in the first instance, Iraqi Oil Minister Jabar al-Luaibi said.
Qatar Petroleum (QP) has said all crude oil produced in the State of Qatar for export to international markets has been designated by a ministerial directive as a “regulated product” with effect from January 1.