OPEC and it allies announced Friday crude output cuts of 1.2 million barrels per day (mbpd) to balance the global oil market. Members agreed the cartel will curb production by 800,000 mbpd, while non-OPEC oil producers, including Russia, will cut by 400,000 bpd. The supply cuts...

Russia is ready to extend the TurkStream natural gas pipeline to Greece, Russian President Vladimir Putin said on Friday. Speaking at a joint news conference with Greek Prime Minister Alexis Tsipras, Putin reminded that a pipeline from Greece to Italy has yet to be filled with gas and...

The contest, which required a runoff vote to secure a 52-percent majority for AKK as she is known, is expected to increase the likelihood that Merkel will be able to see out her fourth term until 2021. AKK, 56, pledged to maintain continuity after 18 years of Merkel at the helm while...

The United States on Friday took a fresh swipe at a UN migration pact that it shunned a year ago, just days before an international conference in Morocco to endorse the accord. In a lengthy national statement, the United States said the Global Compact for Safe, Orderly and Regular...