$30 oil is 'irrational' and a rebound is 'inevitable,' according to Saudi Arabia
Saudi Arabia thinks oil prices at $30 per barrel are “irrational.”
According to a report in The Financial Times, Khalid al-Falih, chairman of the state-owned...
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...
Egypt stocks drop after Russia suspends flights to country
Egypt's EGX30 stocks index has plunged 4.3 percent after steadily declining since Russia suspended flights to Egypt following the Oct. 31 Russian plane crash...
Russia says coordinated oil output cuts with OPEC unlikely
Russian Energy Minister Alexander Novak said on Friday coordinated oil production cuts with OPEC to support falling oil prices were unlikely and would be...
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...
Saudi considering lifting export curbs on cement, steel
Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted...
Lebanese financial crisis amid protesters-police clashes
On Monday, Lebanese protesters hurled rocks and metal barricades at security forces blocking a road near parliament.
These clashed happens amid a budget debate as...
German business confidence unfazed by Paris attacks
German business confidence bounced back in November as Europe's top economy shrugged off global uncertainty and the deadly assault in Paris, a leading economic...
OPEC November oil output rises, led by Saudi Arabia and Iraq
OPEC oil output has risen in November from the previous month, a Reuters survey found on Monday, led by a rebound in Iraqi exports...
Saudi bourse regulator tightens curbs on anonymous investors
Saudi Arabia's market regulator has further tightened its restrictions on anonymous investors trading shares through brokers, citing the need to prevent money laundering and...
