This comes as US crude oil is now trading at $53 a barrel, which is down from a four-year high.
Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
Concern over an emerging supply glut has decimated oil prices - West Texas Intermediate, the US benchmark, fell more than 2 percent to $51.56 per barrel on Thursday - but President Trump has pushed for cheaper oil, urging other countries to refrain from output cuts.
Three delegates said Opec and its allies could cut output by 1 million barrels per day if Russian Federation contributed 150,000 bpd of that reduction.
Saudi Arabia has been calling steep cuts in oil output and was expected to raise those demands during the meeting, but pressure from the USA may convince Saudi leaders to take a softer tone.
Iranian oil minister has lashed out at United States special representative for Iran Brian Hook over his "meddlesome" meetings with members of the Organization of Petroleum Exporting Countries in Vienna, asserting that OPEC is an independent body that does not take orders from the US.
Representatives from some of the world's top oil producers are due to meet on Thursday in Vienna, following a recent decline in the price of the commodity.
Rescue mission in Japan after 'mishap' involving two Marine aircraft
The Marine Corps said the planes "were conducting regularly scheduled training when the mishap occurred". Japanese officials said two crew members were on the FA-18, and five others on the KC-130.
I wanted Indian team to return home after Sydney Test: Laxman
Of late, it has become a tradition to play a Day/Night Test match at Adelaide . "I do think he should be there". Bumrah looked in good rhythm as he bowled Coleman with a well-aimed yorker off his seventh delivery.
Healthy Baby Born To Woman Who Received World’s First Deceased Womb Transplant
The researchers do point out that the outcomes and effects of donations from live and deceased donors haven't been compared yet. However, a woman who received a live uterine transplant gave birth to a baby boy in 2017 , making it a first for the U.S.
Key to the global economic outlook will be whether the United States and China can resolve their trade disputes.
Bijan Namdar Zanganeh made the remarks in reaction to Hook's Wednesday meeting with Saudi Energy Minister Khalid al-Falih one day before OPEC's 175th meeting in Vienna.
Yet the truce may not last.
But US President Donald Trump threatened on Tuesday to place "major tariffs" on Chinese goods imported into the United States if his administration didn't reach a desirable deal with Beijing.
In Asian powerhouse Japan, the economy is expected to have contracted more again in the third quarter, with the slowdown deepening, a poll showed on Wednesday, with Q3 annualised GDP expected to fall by 1.9%.
The Organization of Petroleum Exporting Countries and its allies are desperate to shore up oil prices after a slump of more than $20 a barrel since October. Brent and WTI have averaged $72.80 and $66.10 per barrel so far this year.