Oil falls as hopes dim for output freeze
Oil prices fell Monday on renewed doubts that OPEC will engineer an output freeze amid the global oversupply, with Iran signaling it was not...
Asian stocks falter as Fed makes case for possible Dec rate rise
Asian stocks broke a two-day rising streak on Thursday after top U.S. Federal Reserve officials kept the door open to a December interest rate...
More Russian oil drilling shows its resolve to OPEC
Russian oil firms are drilling more, showing the world's top crude producer is ready for a longer fight for market share with OPEC, as...
UAE discovers natural gas reserves between Abu Dhabi, Dubai
The United Arab Emirates, a leading OPEC producer, announced Monday the discovery of huge gas reserves between Abu Dhabi and Dubai.
The shallow natural gas...
Only five non-member countries attend oil meeting with OPEC
Only five non-OPEC countries have sent representatives to a meeting of OPEC and non-OPEC oil market experts that began on Wednesday at the petroleum...
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 up as Kuwait revives hope for output freeze deal
Oil prices climbed in Asia Wednesday after Kuwait said an agreement to freeze output during a producers' meeting this month could still be reached...
Saudi Arabia offers Egypt $3bn in loans, grants
Saudi Arabia has agreed to provide Egypt with more than $3 billion in loans and grants to support Cairo’s economy.
Speaking on the sidelines of...
Iraq asks BP to study developing Kirkuk oilfields
Iraq has asked British energy giant BP to draft a study on boosting production in all the oilfields of northern Kirkuk province, Oil Minister...
Brent stays below $30 a barrel on oversupply worries
Brent oil stayed below $30 a barrel as prices remained weak in Asia Thursday after US crude and fuel inventories rose, adding further anxiety...
