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...
Saudi Aramco listing lures banks with prospects of deals
Investment banks are jostling to take part in the listing of a chunk of Saudi Arabia's state-owned oil giant Aramco as a portal to...
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...
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...
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...
Oil traders get closer look at what might prompt Saudi rethink
Saudi Arabia has given oil traders the first glimmer of clarity on what it might take to prompt the world's biggest crude exporter to...
