The subdued seasonal shopping just one month before Norouz, the Iranian new year holiday, is adding to widespread gloom about a prolonged economic stagnation that has also dimmed public enthusiasm Continue Reading
When Iran’s oil minister, Bjian Zanganeh, took office in 2013, he laid out a grand vision for his country’s oil business after Western sanctions ended, proposing to double production to Continue Reading
The Islamic State’s branch in Libya is deepening its reach across a wide area of Africa, attracting new recruits from countries like Senegal that had been largely immune to the Continue Reading
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Before China’s devaluation in August roiled global markets and spurred some of the hedge fund industry’s biggest names to bet against the yuan, a small cohort of researchers saw the Continue Reading
China’s diesel exports fell from a three-month high while imports surged as the government’s decision to halt fuel price cuts amid crude’s crash made domestic sales more attractive. The world’s Continue Reading
A state-run Chinese ship builder has warned investors about the possibility of a delisting from the domestic stock market after a local court opened bankruptcy proceedings for the company. The Continue Reading
The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany, February 2, 2016. U.S. authorities have asked the German Continue Reading
Saudi oil minister Ali al-Naimi will join top North American and European drillers in Houston this week to debate how long the oil bust could last and how geopolitics are Continue Reading
