Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.

• October 1, 2016

Iran has kept to a nuclear deal it agreed with six world powers last year limiting its stockpiles of substances that could be used to make atomic weapons, the head of the International Atomic Energy Agency (IAEA) told French daily Le Monde.

• October 1, 2016

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

• September 29, 2016

OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

• September 28, 2016

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

• September 27, 2016

As Russian energy minister Alexander Novak flies to Algeria this week for talks with OPEC on output cuts, developments at home indicate non-OPEC Russia is not preparing for any coordinated production action.

• September 26, 2016

Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.

• September 26, 2016

The United Nations Security Council urged China, the United States, North Korea, Egypt, India, Iran, Israel and Pakistan to ratify a treaty banning nuclear explosions, which would allow the deal negotiated 20 years ago to come into force.

• September 24, 2016