Production outside the Organization of Petroleum Exporting Countries will drop by 660,000 barrels a day, the group said Monday in its monthly market report, deepening the decline from its previous Continue Reading
Iran’s oil ministry issued an order to increase production by 500,000 barrels a day as the country moved ahead with plans to add supply to a glutted market even at Continue Reading
Hellenic Petroleum, Greece’s biggest oil refiner, will meet top Iranian oil officials on Friday to discuss crude oil imports from Iran, a company source said on Monday, after world powers Continue Reading
Saudi Arabia, the world’s largest crude exporter, shipped the most oil in seven months in November in a sign that overseas refineries were getting prepared to put plants back on Continue Reading
The Syrian Observatory for Human Rights group said scores of Syrian government forces have been killed in three days of fighting with Islamic State in the east of the country, Continue Reading
China recorded a pronounced deceleration in growth last year, affirming that a multiyear slowdown is biting the world’s second-largest economy harder and shows little sign of abating. The growth rate, Continue Reading
Saudi Arabia’s closest allies have sided with Riyadh in its diplomatic standoff with Iran, but the kingdom’s attempts to assemble a broader anti-Tehran bloc are exposing the limits of its Continue Reading
Photo An investor at a securities company in Beijing. Investors have been on edge in recent weeks amid renewed turmoil in China’s stock markets and currency exchange rate. Credit Wang Continue Reading
The lifting of sanctions against Iran could take up Nigeria’s share of oil export to India, findings have shown. Economic sanctions on Iran were lifted on Saturday after the UN Continue Reading
Malaysia’s state-oil firm Petroliam Nasional Bhd., or Petronas, is planning to slash as much as 50 billion ringgit ($11.4 billion) in capital and operating expenditure over the next four years, Continue Reading
