Oil prices up in Asia, oversupply hobbles gains
Oil prices rebounded in Asia Wednesday but buying sentiment remains sluggish owing to supply glut woes and a strong dollar.
Traders are waiting for the...
Kuwait oil row as minister tries to shuffle top executives
The chief of state-owned Kuwait Petroleum Corp has refused to carry out the oil minister's decision to swap the CEOs of two subsidiaries, risking...
Renewed protests in Lebanon following currency-collapse
Lebanon is grappling with renewed protests following a collapse in its currency, soaring inflation and spiraling unemployment, but its dire financial straits have only...
Huge reserves, low public debt strong features of KSA economy
Some international rating agencies and institutions such as the IMF are being criticized for practicing a double standard when dealing with economic scenarios in...
Iran oil minister says will keep raising production
Iran will continue increasing its oil production and exports until it reaches the market position it enjoyed before the imposition of sanctions, Oil Minister...
Oil prices up on geopolitical tensions sparked by Paris attacks
Oil prices climbed in Asia Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but analysts said a global crude supply...
Emergency $5 billion loan as virus deaths climb to 429 in Iran
To help fight the spread of a new virus that’s swept across the country infecting more than 10,000 people and killing hundreds, Iran said...
Tunisia and IMF hold talks on credit, economic reforms
The IMF began talks with Tunisia on Thursday over a new credit programme, tied to measures to strengthen its economy and finances and likely...
Iran’s Khamenei warns economy will worsen if virus spreads
Tehran (AFP) - Iran's supreme leader warned on Saturday that the country's economic problems would worsen if the novel coronavirus spreads unchecked, saying the...
Oil oversupply causes slump, close to seven-year low
World oil prices dived Friday close to a seven-year low, propelled downward by global oversupply and the strong dollar after this week's US interest...
