Russia said on Wednesday it was prepared to push oil production to new historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude.
Opec member Venez
Iran will not attend a meeting between Opec and non-Opec member countries about freezing oil output levels scheduled for Doha, Qatar, on Sunday, two sources familiar with the situation told Reuters.
Tehran's oil minister had n
The Organization of the Petroleum Exporting Countries (Opec) on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus
Iran's President Hassan Rouhani said on Thursday his country was not a threat to any other nation and supported interaction with the rest of the world, state TV reported.
"We are in favour of moderation policy ... Iran is
The chief executive of the Abu Dhabi National Oil Company (Adnoc) said in remarks published the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the country's biggest oilfields.
A year after the conflict in Yemen spread across the country, nearly half its 22 provinces are on the verge of famine and most of the population need some form of aid, according to the United Nations.
India is in talks with countries in the Middle East for a scheme under which they can exchange crude oil for food.
India oil minister Dharmendra Pradhan said that the country is in talks with the UAE and a few
Syrian government forces backed by Russian air strikes committed a "massacre" of scores of civilians in Idlib governorate on Monday, part of a pattern of breaches of a two-week truce, opposition coordinator Riad Hijab told reporters on
Iran has invited US planemaker Boeing Co to Tehran to discuss purchasing jetliners aimed at revamping its aging fleet hit by decades of sanctions imposed on the Islamic Republic, state TV reported.
No decision on the date or venue of a possible meeting between Opec and non-Opec producers has been made yet, a Gulf Opec delegate said.
"There has been no decision made regarding the meeting yet. No date