Saudi-Iran crisis punches another hole in OPEC unity
Escalating diplomatic tensions between Iran and Saudi Arabia have added fresh strains on OPEC's unity as the cartel grapples with a common response to...
Oil slump has uneven impact on global prices at the pump
A dramatic drop in oil prices is translating into a mixed bag for motorists across the globe - from hefty savings at the pump...
Oil prices down as Turkey fears ease
Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on...
Oil prices slip on Chinese demand concerns, weak Saudi exports
Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer, and signs that global...
Turkey and Iran seek to 'manage differences', boost trade
Turkey and Iran, two countries on opposite sides of Syria's civil war, must develop a "common perspective" in order to end sectarian strife in...
Saudi Arabia orders 5% cut in contract spending
Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on...
France to agree aerospace deals with Saudi Arabia
France and Saudi Arabia are to agree big aerospace contracts when French Prime Minister Manuel Valls visits the kingdom on Tuesday, sources close to...
Egypt ordered to pay $1.76 billion to Israel over gas supply cut
Egyptian natural gas companies have been ordered through arbitration to pay the Israel Electricity Corporation $1.76 billion in compensation over a gas supply cut,...
South Africa's Zuma in Saudi to expand economic ties
South African President Jacob Zuma called for strengthening his country's economic ties with Saudi Arabia, during a visit to the kingdom on Sunday.
"While our...
Oil price slump to start affecting Saudi banks
The impact of lower oil prices will soon start to weigh on Saudi Arabia’s banks, which are likely to see bad loans edge higher...
