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

Greece's government trumpeted a debt relief deal with other euro zone countries on Wednesday as the beginning of the end of its bruising six-year financial crisis but Greeks remained skeptical and markets were cautious.

• May 25, 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

Egypt will have to work 10 times harder to revive its tourism industry, Tourism Minister Yehia Rashed said on Sunday, after a series of setbacks including the crash of an EgyptAir flight into the Mediterranean three days ago.

• May 22, 2016

The Briton who smoothed out Volvo's boxy lines and put signature radiator grilles on Lincolns for Ford is aiming to give China's Geely range global appeal by ditching its utilitarian image.

• May 17, 2016

From sushi to bean sprouts to mushrooms, global private equity firms are dining on Japan's thriving restaurant scene as they wait for the country's notoriously slow conglomerates to restructure and reverse a slump in major deals.

• May 17, 2016

An economic crisis in Venezuela is a domestic matter, a spokesman for China's Foreign Ministry said on Monday, when asked if the country planned to give aid to the Latin American nation.

• May 16, 2016