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...
Gulf stocks dive over low oil prices and geopolitical crises
Stock markets in the energy-rich Gulf states ended 2015 in negative territory on Thursday, following a massive decline in oil prices and regional turmoil.
The...
Boeing and Iran airlines in talks on new aircraft sales
U.S. aerospace giant Boeing expressed caution Monday after executives held talks in Iran on providing new aircraft to Iranian carriers last week.
Two months after...
Turkish lira, shares boosted by Erdogan election win
Turkish markets rallied on Monday as investors bet on Tayyip Erdogan's presidential election victory bringing political stability, setting aside any concerns over the direction...
Saudi oil minister considers raising energy prices in Saudi Arabia
Saudi Arabia is looking at raising domestic energy prices, Oil Minister Ali al-Naimi said on Tuesday, confirming that the kingdom could cut a lavish...
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...
Iran sees oil output rising to pre-sanctions level by June
Iran's oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying on Tuesday in what could be...
Egypt hikes natural gas prices by up to 75 percent
Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed...
Nasser Confirmed as New Saudi Aramco President
A veteran executive with oil giant Saudi Aramco, Amin Nasser, has been confirmed as the company's president, the Dhahran-based firm said Thursday.
Nasser had been...
Saudi Naimi says global oil demand can absorb Iran output jump
Saudi Arabian oil minister Ali al-Naimi said on Friday growing global demand could absorb an expected jump in Iranian production next year while the...
