Iran's windfall from nuclear deal cut in half by debts: U.S. official
Iran gained access to about $100 billion in frozen assets when an international nuclear agreement was implemented last month, but $50 billion of it already was tied up because of debts and other commitments, a U.S. official said on Thursday.
Oil drops 6 pct on China data, slim chances of OPEC deal
U.S. crude oil prices fell 6 percent on Monday as weak economic data from China, the world's largest energy consumer, reversed a four-day rally from last week and an OPEC source undermined chances of an emergency meeting to stem the decline.
Oil selling resumes as Iraq supply worsens glut
U.S. oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance itself.
Coalition Air Strikes 'Cut IS Oil Revenues By Third'
The U.S.-led coalition fighting Islamic State (IS) militants says its air strikes have cut oil production by the group in Syria and Iraq by around 30 percent.
Nepal seeks China's support to escape energy crisis
Nepal's foreign minister asked China on Friday for help in dealing with an energy crisis that crippled the landlocked country over the past three months and China said it would look at the request favorably.
Turkmenistan Opens New Gas Pipeline
The president of Turkmenistan says the completion of a new gas pipeline will boost cooperation with European partners.
Iran Says Russia To Start Building New Reactors
A senior Iranian nuclear official says Russia will begin construction on two new nuclear reactors in Iran next week.
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