Global stocks sold off sharply on the first trading day of 2016 following fresh signs of an economic slowdown in China. Weaker-than-expected manufacturing data and a falling currency triggered declines Continue Reading
Chinese shares plunged on the first trading session of the new year, with the Shenzhen market suffering its worst day in nine years and the blue-chip CSI 300 index slumping Continue Reading
Large and medium-sized Chinese steel mills reported losses of 53.1 billion yuan (nearly $8.2 billion) during the first 11 months of 2015, the China Iron and Steel Association said, Xinhua Continue Reading
U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production Continue Reading
The worst fears of OPEC and Asian gas exporters are about to come true. U.S. shale drillers who pushed domestic crude production to a 45-year high and unlocked record amounts Continue Reading
Drivers may pay even less at the pump in 2016. AAA, which compiles gas price information from around the country, is projecting that gas prices will stay lower in the Continue Reading
The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP ( BP.L ) Chief Continue Reading
Leading lawmakers, including supporters of President Barack Obama ’s nuclear deal with Iran, rapped the White House for delaying fresh sanctions on Tehran over its missile program , warning that Continue Reading
A series of Iranian officials vowed on Friday to expand Tehran’s missile capabilities, a challenge to the United States which has threatened to impose new sanctions even as the vast Continue Reading
Iraq said it exported 1.097 billion barrels of oil in 2015, generating $49.079 billion from sales, according to the oil ministry. It sold 99.7 million barrels of oil in December, Continue Reading
