Kurds ready for new oil deal with Baghdad if they get $1 billion a month
Iraq's Kurds said they are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports if it guarantees them monthly revenue of $1 billion, more than double what they make currently from selling oil.
Venezuela in talks with China for grace period in oil-for-loans deal - sources
Venezuela is in talks with China to obtain a grace period in its oil-for-loans deal that would improve the OPEC nation's capacity to make bond payments amid an economic crisis, sources briefed on the proposal have told Reuters.
Resistance to India joining nuclear suppliers group softens
A U.S.-led push for India to join a club of countries controlling access to sensitive nuclear technology made some headway on Thursday as several opponents appeared more willing to work towards a compromise, but China remained defiant.
As Iran's oil exports surge, international tankers help ship its fuel
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.
Russia to maintain OPEC relations, plans autumn meeting
Russia, the world's top oil producer, plans to continue its consultations with OPEC and may hold a meeting with the group this autumn, Energy Minister Alexander Novak told reporters.
OPEC fails to agree policy but Saudis pledge no shocks
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.
Gulf OPEC members seek to revive global oil output deal
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.
Oil prices slip as Iraq raises exports
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.
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