Iran boosts oil trade via UAE ahead of sanctions relief
Iran has boosted exports of fuel oil through U.S.-ally the United Arab Emirates and also almost doubled its imports of gasoline, despite Western sanctions,...
Asia shares hit 3-1/2-year lows as oil resumes fall
Asian stocks surrendered earlier gains to hit 3-1/2-year lows on Friday as renewed pressure on oil prices and disappointing Chinese data kept investors on...
Global Muslim body urges ban on products from Israeli settlements
A global Muslim body called Monday for a ban on products from Israeli settlements in the occupied territories and pledged full support for the...
U.S. may allow Iran to trade in dollars
The United States appears to be laying the groundwork to let Iran begin trading in dollars, experts believe, after a landmark accord with the...
Saudi Aramco in talks to buy CNPC refinery stake, retail assets
Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as...
Saudi Arabia plans new sovereign wealth fund
Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment...
Nigeria minister sees emergency OPEC meeting in March
Nigerian oil minister Emmanuel Ibe Kachikwu said Tuesday that he expects an extraordinary meeting of the OPEC oil cartel in "early March" to address...
IMF urges ECB to use all tools to support Eurozone
The International Monetary Fund welcomed moves announced by the European Central Bank on Thursday to support the Eurozone, and urged it to use its...
Oil surges to 2016 highs on reported Saudi-Russian deal
Oil prices surged Tuesday to 2016 highs on reports of an agreement between Saudi Arabia and Russia on freezing output.
US benchmark West Texas Intermediate...
Tackling the economic crisis in Lebanon, PM meets finance delegation
On a step to assist the debt-ridden country and rescue its moribund economy, a delegation from the World Bank's private lending arm is due...
