Oil price slump 'wake-up call' for producers: IMF chief
The head of the International Monetary Fund said Tuesday that the global slump in oil prices was a "splendid wake-up call" for energy-producing countries...
Oil prices extend losses ahead of U.S. report
Oil prices fell in Asia on Tuesday as persistent concerns about a global oversupply and caution ahead of a US stockpiles report chipped away...
How Saudi Arabia plans to shake up its economy
In late February, several hundred Saudi officials, company executives and foreign consultants gathered in a luxury Riyadh hotel to discuss how Saudi Arabia's economy...
Qatar gasoline prices hike by 30 percent at midnight
Qatar will raise its subsidized gasoline prices by at least 30 percent at midnight Friday, the state fuel company said, the latest Gulf country...
Oil producers keep output freeze revival on standby if prices weaken
Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output.
Despite the collapse...
Oil prices recover slightly
Oil prices rose slightly on Tuesday, with Brent prices bouncing back from 11-year lows caused largely by a global oversupply of crude.
Approaching midday in...
Saudi Arabia offers Egypt $3bn in loans, grants
Saudi Arabia has agreed to provide Egypt with more than $3 billion in loans and grants to support Cairo’s economy.
Speaking on the sidelines of...
Nigeria's Barkindo emerges as frontrunner for OPEC boss
A Nigerian oil technocrat has emerged as frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as what would be...
Egypt house speaker wants illegal currency dealers executed
Egypt's parliament speaker said in comments published Wednesday he wished to see illegal foreign currency dealers executed, arguing that the nation was facing an...
Richest 62 people own same as half world's population – Oxfam
The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and...
