Turkmenistan's president has complained that there is major corruption in the Central Asian country’s oil and gas industries, in an unusually public statement made on state television.

• March 7, 2016

Russian oil companies back the idea to freeze output at near-record levels reached in January, but did not support any proposals to cut oil production to lift global prices, Energy Minister Alexander Novak said.

• March 1, 2016

Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.

• February 29, 2016

The New Development Bank established by the BRICS emerging nations plans to invest in infrastructure projects in those countries and is considering hydropower and electricity investments, Russian Finance Minister Anton Siluanov said.

• February 26, 2016

Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers like Japan and challenge the United States as the world's biggest consumer.

• February 25, 2016

Iran has proposed a project with Hungary to design and develop a small nuclear reactor that could be sold across Asia and Africa and also built in the Islamic republic, Tehran's top nuclear official said on Thursday.

• February 18, 2016

Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices, making clear it wants to recapture the market share it lost during years of sanctions.

• February 17, 2016

Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production.

• February 16, 2016