Russia, bowing to budget pressures, revives oil firm sell-off
Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.
OPEC agrees modest oil output curbs in first deal since 2008
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.
Russia aims to keep oil output around current level after OPEC deal
Russia is aiming to keep its oil production at near-record levels despite OPEC's decision to modestly reduce its output, Russian Energy Minister Alexander Novak said on Thursday.
U.S. calls Russian, Syrian bombing of Aleppo 'gift' to Islamic State
The United States called the assault on Aleppo by Syria and Russia "a gift" to Islamic State on Thursday, saying it was sowing doom and would generate more recruits for the militant group.
Warplanes knock out Aleppo hospitals as Russian-backed assault intensifies
Russian or Syrian warplanes knocked two hospitals out of service in the besieged rebel sector of Aleppo on Wednesday and ground forces intensified an assault in a battle which the United Nations said had turned the city into a slaughterhouse.
OPEC reaches first deal to cut oil output since 2008 - sources
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.
EU seeks money for joint defense programs
The European Union's executive wants to boost the bloc's joint defense and security with an initial investment of 90 million euros ($100 million) in research, marking a turning point after years of cuts.
OPEC set for no deal as Iran rejects Saudi oil output offer
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.
|
