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News
Band plays on, as global oil glut leaves supertankers in a huge jam
It may be the world's biggest traffic jam.
News
OPEC cuts 2016 oil demand growth forecast, warns of more
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 this year.
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Brent hovers just below $45, hits five-month high on reports of oil output freeze deal
Global oil prices hit five-month highs on Tuesday, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.
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Iran, France concerned at Syria violence with talks set to resume
France and Iran voiced concern over escalating violence in Syria on Tuesday, echoing warnings from the United States and Russia as fighting near the city of Aleppo put more pressure on a fragile truce agreement.
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Italy's Renzi signs potentially huge business deals in Iran
Italy and Iran signed deals potentially worth billions on Tuesday when Prime Minister Matteo Renzi visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation.
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Russia says there are no plans to storm Syria's Aleppo
There are no plans to storm the Syrian city of Aleppo despite thousands of Al-Nusra militants massing around the city, the Russian military general staff, which is providing air support to the Syrian army, said on Monday.
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Iran says Russia delivers first part of S-300 defense system
Russia has delivered the first part of an advanced missile defense system to Iran, Iranian media reported on Monday, starting to equip Tehran with technology that was blocked before it signed a deal with world powers on its nuclear program.
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Turkey retaliates after rockets from Syria hit border town, official says
The Turkish army on Monday shelled sites in northern Syria in response to cross-border rocket fire that hit a Turkish town and wounded several people, a government official said.
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