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...
Investors seek safety in bonds, yen after Turkey downs Russian jet
Investors sought safety in low-risk government debt on Tuesday after Turkish jets shot down a Russian warplane near the Syrian border, while European tourism-linked...
S. Africa looks to buy Iraqi crude to boost supply security
South Africa's Strategic Fuel Fund (SFF) is seeking to import 24 million barrels of oil a year from Iraq to boost its reserves in...
SAUDI ARAMCO CHAIRMAN DEFENDS OIL GIANT'S POSSIBLE IPO MOVE
The chairman of Saudi Arabia's state oil giant says plans for a possible initial public offering are not being driven by a need for...
Financial risks to world economy – IMF stated
IMF Managing Director, Kristalina Georgieva, drew focus to the need to a "call to action", urging a shift to facilitate more lending to small...
Oil producers struggle with budgets after price collapse
Oil producing countries are scrambling to fill gaping holes in their budgets torn by crashing petroleum prices, with some turning to international lenders for...
Global anti-terror financing meeting – Pakistan
At a global meeting on anti-terrorism financing in Paris on Friday, a decision whether or not to blacklist the South Asian nation is expected....
Saudi Arabia to continue energy investments despite oil price drop- Naimi
Oct 2 Saudi Arabia is continuing with its investments in the oil and gas industry even with the current drop in oil prices, the...
Oil prices drop despite OPEC forecast
Oil prices fell on Monday even as OPEC forecast a further tightening of supplies, as traders focused instead on turbulence across financial markets.
The Organization...
Saudi Aramco expects oil prices to rise by end of 2016
Saudi Arabia's state-owned oil giant expects oil prices will climb toward the end the year, saying the current price of around $30 a barrel...
