Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions...
Iran struggles to find enough ships for oil exports
Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign...
Libya says oil production up at 300,000 bpd
Crude production in oil-rich but conflict-ridden Libya is now more than 300,000 barrels per day since a new terminal opened in the east, the...
Kurds ready for new oil deal with Baghdad if they get $1 billion a...
Iraq's Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees...
Egypt hikes natural gas prices by up to 75 percent
In a story July 21 about the increase in Egypt's natural gas prices, The Associated Press erroneously reported the price increases. Gas consumption of...
Global stocks rise but oil, Fed keep investors nervous
Stocks rose in Europe and Asia on Tuesday, though volatile oil prices kept investors cautious before a widely anticipated increase in U.S. interest rates...
BlackBerry's results beat expectations as shares rise
BlackBerry reported quarterly results Friday that beat Wall Street expectations, even as revenue fell sharply.
Shares of the smartphone maker rose almost 4 percent in...
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...
Saudi Arabia orders 5% cut in contract spending
Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on...
Lebanon to review bids from financial and legal advisers
On Friday Lebanon will review proposals from firms bidding to be its financial and legal advisers.
The financial and legal advice revolve around options for...
