Crude jumps on U.S. output forecast; stocks mixed
Crude prices jumped more than 4 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations...
Iran issues order to boost oil production by 500,000 bpd
Iran has issued an order to increase crude oil production by 500,000 barrels a day, the deputy oil minister was quoted as saying on...
Iran files complaint with ICJ to recover $2 billion frozen in US
Iran has filed a formal complaint with the International Court of Justice to recover nearly $2 billion in assets frozen in the United States,...
ECB outlook hit euro, lift stocks, oil drops before OPEC
The dollar hit its strongest since mid-March against a basket of its peers on Monday, at the start of a week likely to highlight...
Saudi-backed shipping line UASC resumes Iran business
United Arab Shipping Company is resuming business with Iran following the lifting of Western sanctions, despite the deep-seated political rivalry between the Islamic Republic...
Oil Price Forecast 2016: Oil Prices Poised to Skyrocket This Year
Oil Price Forecast Is Bullish for Crude in 2016
The majority of oil price forecasts remain pessimistic in the sense that they expect oil prices...
Russia says ready to ramp up oil output, challenging Saudi
Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels...
Global epic losses and soaring unemployment amid pandemic
With the economy paralyzed by business closures, the unemployment rate likely jumped to high rates.
Many people still employed have had their hours reduced....
Oil weakness clouds outlook for Gulf corporate bonds
The dramatic decline in crude oil prices over the past year has left some corporate and infrastructure companies in the Gulf Cooperation Council (GCC)...
Qatar fund sells 10% stake in Hochtief for 540M euros
Qatar's sovereign wealth fund says it has sold off its roughly 10 percent stake in German construction firm Hochtief for about 540 million euros...
