Saudi-Iranian tensions can't halt slide in oil prices
Even the escalating tension between Iran and Saudi Arabia, two big oil-producing countries, can't halt the slide in energy prices.
Oil futures spiked briefly on...
Kuwait’s finance minister submits resignation
DUBAI (Reuters) - Kuwait's Finance Minister Barak Ali Al-Shitan has submitted his resignation to the prime minister, state news agency KUNA said.
The minister has...
Google parent Alphabet may soon top Apple's market value
With the digital advertising market booming and demand for smartphones waning, Google's parent company, Alphabet Inc., is poised to dethrone Apple as the world's...
Offshore oil drilling amid crisis – Lebanon
Lebanon's president, Michel Aoun, Thursday inaugurated the Mediterranean country's first offshore exploratory drilling for oil and gas, calling it a “historic day” for the...
Nigeria's president to visit restive oil region
Muhammadu Buhari will this week make his first visit as president to Nigeria's oil-producing south, which has been riven by an upsurge in violence...
Oil companies in Iraq agree to restart investment, boost output
Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were...
Kuwaiti Emir Sheikh Sabah warns budget down 60 percent on low oil prices
Kuwait's ruler warned Tuesday his nation's revenue is down some 60 percent due to low global oil prices, urging citizens of this tiny country...
Oil prices dip after latest surge
Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge...
Commodities pull down European shares; UK defence stocks rise
Britain's top share index fell back on Monday, pulled lower by weak retail stocks and commodities companies after metals prices touched multi-year lows on...
Turkish economy risks losing $9 billion over Russia situation
Tensions with Russia could cost Turkey's economy nine billion dollars in the worst case scenario of "zero relations", Turkish Deputy Prime Minister said Monday.
Moscow...
