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

India said it had held "substantive" talks with China on Tuesday on its bid to become a fully fledged member of the Nuclear Suppliers Group (NSG), a club of nations that trades in civil nuclear technology.

• September 13, 2016

Libyan forces loyal to eastern commander Khalifa Haftar said on Monday they had tightened their control over four major oil ports, casting a Western-backed project to unite Libya and revive oil exports into deep uncertainty.

• September 12, 2016