Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.

• July 13, 2018

U.S. President Donald Trump said he would discuss substantial reductions to nuclear weapons when he meets Russian President Vladimir Putin but cautioned that a “rigged witch hunt” in the United States was hampering efforts to improve relations.

• July 13, 2018

Brent crude strengthened late on Thursday, recouping some of its losses from the previous session, as market focus returned to concerns about spare capacity following a warning from the International Energy Agency (IEA).

• July 13, 2018

Global planemakers could reap 900 orders and commitments at next week’s Farnborough Airshow, down only slightly from last year’s comparable event, as strong oil prices prompt airlines to add to their bulging order books, aviation consultancy IBA Group said.

• July 9, 2018

Over a third of sovereign investors plan to cut their equity exposure over the next three years after a strong run in 2017, citing trade wars, geopolitics and high valuations as headwinds to performance, a study by asset manager Invesco showed.

• July 9, 2018

Saudi Aramco is more resilient to oil price slumps than its biggest listed rivals, its 2016 accounts indicate, giving a rare insight into the state energy giant’s finances ahead of a proposed flotation.

• July 9, 2018

By Benyamin Poghosyan, PhD, Executive Director, Political Science Association of Armenia

President Trump’s decision to pull out from the Iranian nuclear deal has significantly increased tensions in and around Iran. The return of “regime change” policy will have profound implications on Iran and the Middle East. The Iranian economy is in steep decline with the sharp devaluation of the Iranian Rial and large-scale protest rallies in different regions. The rising prices of consumer products, shortages of water and problems related with mismanagement are fuelling the protests. READ MORE

• July 9, 2018

U.S. President Donald Trump again accused the Organization of the Petroleum Exporting Countries of driving gasoline prices higher on Wednesday and urged the oil producer group to do more.

• July 5, 2018