Iranian Oil Minister Bijan Zanganeh said on Thursday he still believes OPEC cannot reach a compromise decision on raising oil output at its meeting the following day. "I don’t think we can reach agreement," Zanganeh told reporters. "We firstly need to discuss and decide about the main...

The Bank for International Settlements in a report warned digital currencies like bitcoin could overwhelm and break the internet if they continue to grow. The BIS, often described as the central bank for central banks, also warned, in a 24-page report published on its website on Sunday,...

The companies developing Israel’s largest natural gas fields and an Egyptian partner are close to a deal that would give them control of the pipeline to Egypt, eliminating some of the outstanding legal disputes that have impeded progress on a $15 billion export contract. Israel’s Delek...

The Federal Reserve increased its benchmark interest rate as widely expected, the Federal Market Open Committee (FOMC) announced Wednesday.  At the conclusion of a two-day meeting, Committee members voted unanimously to raise the federal funds rate by 25 basis points to a target...