China, major producers fail to reach deal over steel
China and other major steel-producing countries failed on Monday to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity and whether Beijing is keeping loss-making producers afloat.
OPEC cuts 2016 oil demand growth forecast, warns of more
OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year.
Band plays on, as global oil glut leaves supertankers in a huge jam
It may be the world's biggest traffic jam.
Italy's Renzi signs potentially huge business deals in Iran
Italy and Iran signed deals potentially worth billions on Tuesday when Prime Minister Matteo Renzi visited Tehran seeking a strong Italian foothold in a nation hungry for infrastructure investment as it emerges from financial isolation.
Brent hovers just below $45, hits five-month high on reports of oil output freeze deal
Global oil prices hit five-month highs on Tuesday, hovering just under $45 a barrel after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.
ECB package can't solve economic problems in Europe: Merkel ally
A senior lawmaker from Chancellor Angela Merkel's conservatives said on Thursday the European Central Bank's package of rate cuts would not tackle the euro zone's economic woes, but could cause the property market to overheat.
Russia sees oil price of $45-$50 per barrel 'acceptable' as it prepares for freeze deal - sources
Russia believes an oil price at $45-$50 per barrel is acceptable to allow the global oil market to balance, as it prepares to meet leading oil producers in Doha later this month, sources familiar with Russian plans said on Wednesday.
Russian oil output highest in 30 years ahead of Doha meeting
Russia's oil production rose 0.3 percent to 10.91 million barrels per day in March, its highest level in nearly 30 years, raising questions over Moscow's commitment to freeze output ahead of a producers' meeting in Doha later in April.
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