Saudi Arabia promised on Thursday not to flood the oil market with extra barrels even as OPEC failed to agree on output policy, with Iran insisting on the right to raise production steeply.

• June 2, 2016

Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers when the group meets on Thursday including by establishing a new output ceiling inside the group, OPEC sources said.

• June 1, 2016

Oil prices edged lower toward $49 a barrel on Monday as Iraq raised its crude exports target ahead of an OPEC meeting while Canadian production was set to restart after huge wildfires.

• May 30, 2016

Oil prices slid early on Monday as Iran vowed to ramp up output and rig reductions paused in the United States, then crude futures pared losses on data showing a stockpile drawdown at the U.S. delivery hub.

• May 23, 2016

Beijing plans to roll out China's tightest fuel standards by January 2017, the official Xinhua news agency reported on Monday citing the Beijing Municipal Environmental Protection Bureau, as the smog-choked city aims to drastically cut vehicle emission.

• May 23, 2016

Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels.

• May 22, 2016

Russia will loan Egypt $25 billion to finance building and operating a nuclear power plant in Egypt, the official gazette said on Thursday.

• May 19, 2016

Russian President Vladimir Putin oversaw the launch of a fourth and final line supplying electricity from Russia to Crimea on Wednesday, saying the project had broken an energy blockage he accused Kiev of imposing on the peninsula.

• May 11, 2016