Low oil prices will persist for longer than previously expected, according to Morgan Stanley, which reduced its quarterly crude forecasts for this year by as much as 51 percent. Morgan Continue Reading
Beneath the surface of the global financial system lurks a multitrillion-dollar problem that could sap the strength of large economies for years to come. The problem is the giant, stagnant Continue Reading
Six oil-producing countries have agreed on an emergency meeting between OPEC and non-OPEC member states, the Iranian oil ministry’s news service Shana reported on its website Wednesday, citing Venezuela’s oil Continue Reading
Steering the region’s second-largest economy through Western sanctions means Iran is in a unique position to weather an oil sector downturn, Moody’s said. Moody’s Investor’s Service said the Iranian economy Continue Reading
The Syrian opposition High Negotiations Committee (HNC) said on Wednesday after the announcement of the pause of the intra-Syrian talks that they will leave Geneva on Thursday and “won’t return Continue Reading
Hundreds of people fled a conflict-hit area of southeast Turkey’s largest city of Diyarbakir on Wednesday, taking advantage of the lifting of a curfew to escape any further clashes between Continue Reading
The U.N. special envoy for Syria announced a temporary suspension of peace talks on Wednesday, less than a week after representatives from Damascus and the opposition gathered in Geneva to Continue Reading
Four months after launching airstrikes in Syria, the Kremlin is confident that Moscow’s largest overseas campaign since the end of the Soviet Union is paying off. Under the banner of Continue Reading
Venezuelan oil minister said six crude oil producing countries including Iran and Russia support convening an emergency meeting between OPEC and non-OPEC member states, Iran’s Oil Ministry’s news agency reported Continue Reading
The Syrian army and its allies have broken a three-year rebel siege of two Shi’ite towns in northwest Syria, government and rebel groups said on Wednesday, cutting off a main Continue Reading
