Kuwait and Iraq say OPEC will not cut output alone
The Kuwaiti and Iraqi oil ministers said Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the...
Lockheed Martin separating unit, combining it with Leidos
Lockheed Martin is separating its information systems and global solutions unit, combining it with the engineering company Leidos so that it can focus on...
Oil edges back above $30
Oil prices rose above $30 on Tuesday after briefly dipping below the psychological barrier as the market was beset with worries about the global...
Saudi Aramco keeps up investment despite crude fall
Saudi Aramco, the world's biggest oil exporter, is maintaining investments despite cutting costs in other ways to cope with plummeting crude prices, the company's...
Investigation clears Malaysian PM Najib, says $681 million transfer a Saudi gift
Malaysia's attorney-general cleared Prime Minister Najib Razak of any criminal offence or corruption on Tuesday, and said a controversial transfer of $681 million into...
OPEC and Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply...
Saudi Arabia presents plan to move beyond oil
Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to...
Kuwait spending on projects despite oil slump
Kuwait awarded projects worth a record $32 billion last year and plans to raise the figure in 2016 despite a sharp decline in oil...
Oil falls 3 percent on swelling oversupply
Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the...
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...
