Russia eyes global deal on oil output in April, Iran seen exempt
A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years...
Global watchdog flags slow "too big to fail" bank rule adoption
Many countries have not yet introduced laws allowing regulators to write down bank's debts to avoid taxpayer bailouts and prevent them being "too big...
Indonesia’s labour recall decision ‘final’
The decision by the Indonesian government to recall its workers from the Middle East is final and will not be reversed.
Around 1.3 million Indonesians...
Russia ready to meet key OPEC members, old price regulation tools "no longer working"
Russia is ready to meet the main oil producers within the Organisation of the Petroleum Exporting Countries (OPEC) if a consensus on such a...
Saudi businessmen investing $4 billion in projects in Egypt
Saudi businessmen are investing $4 billion in projects including the Suez Canal, energy and agriculture, and have already deposited 10 percent of that sum...
OPEC December oil output slips, still near record
OPEC oil output fell in December, a Reuters survey found on Tuesday, led by lower supply from Iraq following a record-breaking month in November...
Kuwait to restore full oil output in '3 days' after strike ends
Kuwait's state oil firm said Wednesday that it expects to restore full production within three days after staff ended a strike in a surprise...
Saudi prince Alwaleed invests in ridesharing service Lyft
A firm owned by a Saudi prince said Thursday it had led a group that invested around $248 million (226 million euros) in US...
Oil giant Saudi Aramco confirms looking into share offers
State-owned Saudi Aramco, the world's largest crude oil producer and exporter, said Friday it is considering a public share offer.
The company "has been studying...
Algeria turns to China for funds after drop in energy prices
Algeria is turning to China to finance several infrastructure projects, including a new $3.2 billion port, as the North African OPEC member looks for...
