U.S. crude oil lingered below $30 a barrel, souring the outlook for Asian equities, as the pound slid amid a split in the U.K.’s ruling political party over whether Britain Continue Reading
Consultations on a preliminary deal between leading oil producers to freeze output should be concluded by March 1 after a group led by Russia and Saudi Arabia reached a common Continue Reading
Oil prices may drop to near $20 a barrel this year as the global glut of crude persists into 2017, Abu Dhabi’s largest lender said. U.S. benchmark West Texas Intermediate Continue Reading
A senior U.S. energy official said he doubted the success of a proposal by OPEC and non-OPEC producers to freeze crude oil output in an oversupplied market and boost prices. Continue Reading
Crude prices will probably stay low for longer than expected, International Monetary Fund Managing Director Christine Lagarde said, urging Gulf Arab oil-producing countries to cut spending and boost revenue through Continue Reading
Iraq’s plan to increase oil production by up to 400 thousand barrels per day in 2016 this year will proceed as planned, despite Iran’s return to the market, Iraqi Oil Continue Reading
As fighting in Iraq raged last summer, Iranian Major-General Qassem Soleimani came across unexpected opposition to his plans to defeat Islamic State. Soleimani is the commander of Iran’s al-Quds brigade Continue Reading
U.S. Secretary of State John Kerry said on Sunday he and his Russian counterpart Sergei Lavrov had reached a provisional agreement on terms of a cessation of hostilities in Syria Continue Reading
The oil price slump means that defense spending in the Middle East will flatten despite an increase in tensions as Gulf Arab states wage war in Yemen and conflicts deepen Continue Reading
“These were major attacks in Homs, two car bombs going off in a residential area” Bomb blasts in the Syrian cities of Homs and Damascus have left more than 100 Continue Reading
