Europe’s Banks Are Staying Out of Iran
European companies flocking back to Iran are doing so without their favored lenders at their side. Less than two years after BNP Paribas SA agreed to pay a record $9 Continue Reading
ISIS Selling Chickens and Eggs in Libya’s Sirte Amid Financial Troubles
The Islamic State militant group (ISIS) has taken to selling chickens and eggs in the streets of its de-facto North African capital as its cash reserves continue to be damaged Continue Reading
Iran tries to end its isolation but so much stands in the way
The run-off in Iran’s parliamentary elections seems to have given Hassan Rouhani, the centrist president, a workable parliamentary majority if his followers combine with reformists and independent conservatives against Islamist Continue Reading
Saudi-Iran split muddies OPEC long-term strategy: sources
OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil Continue Reading
Venezuela’s PDVSA quietly issues new debt to pay off suppliers
Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co ( GE.N ) as it negotiates private issuances to pay off Continue Reading
Venezuela Bonds Tumble After Oil Output Falls More Than Expected
Venezuelan bonds tumbled Tuesday after IPD Latin America said the country’s oil production fell more than investors had expected. The yield on the country’s benchmark dollar bond due in 2027 Continue Reading
Winners of Mexico blocks expect to drill initial wells within a year
The winners of acreage from the first three bidding rounds in Mexico last year are moving ahead on plans to develop oil from the country’s major energy reforms, with the Continue Reading
China’s ‘teapot’ oil imports to stall on port bottlenecks
Logistical bottlenecks and swelling crude inventories will soon force China’s independent refiners to cut back on a surge of imports, possibly threatening a recent recovery in oil prices, said a Continue Reading
Slowing China pushes oil prices lower
Crude oil prices retreated Tuesday for the second straight day after Chinese data showed a contraction in the nation’s manufacturing sector. A January collapse in the Chinese stock market helped Continue Reading
China Presses Economists to Brighten Their Outlooks
Chinese authorities are training their sights on a new set of targets: economists, analysts and business reporters with gloomy views on China’s economy. Securities regulators, media censors and other government Continue Reading