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Syria fuel shortages in north threaten lives: MSF

Syria fuel shortages in north threaten lives: MSF

Disruption of fuel supplies due to fighting between rebel groups in northern Syria is threatening the closure of hospitals and paralyzing the work of ambulances and rescue services, an international medical charity said Sunday. ISIS militants have closed a checkpoint under their control in the...

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Iran hopes to begin Russia oil-for-goods exports this week: Fars

Iran hopes to begin Russia oil-for-goods exports this week: Fars

Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began. The Kremlin announced in April it had begun to implement the deal, in which Iran would...

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Libyan state oil company to send fuel to western region opposing Tripoli

Libyan state oil company to send fuel to western region opposing Tripoli

Libyan state oil company NOC is delivering petrol to a western region opposing a self-declared government in charge of the Tripoli capital, it said in a bid to showcase its impartiality in a power struggle dividing the country. The member of the Organization of Petroleum Exporting Countries...

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Greece postpones IMF payment; snap elections possible

Greece postpones IMF payment; snap elections possible

Greece delayed repayment of an IMF loan on Friday and a deputy minister said Athens might call snap elections to break an impasse with lenders that threatens to push the country into bankruptcy and out of the euro. European stocks fell and Greek bond yields shot higher as investors worried...

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OPEC agrees to keep pumping as global oil glut fears persists

OPEC agrees to keep pumping as global oil glut fears persists

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports. Concluding a meeting with no apparent dissent, Saudi Arabian Oil...

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Syria regime revenues shrink as losses mount

Syria regime revenues shrink as losses mount

With most of its natural and mineral resources having fallen under rebel control, Syrian state revenues have shrunk, leaving the government dependent on unstable sources of income for its survival. Four years of conflict have decimated the state coffers. Now the government’s only...

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OPEC unlikely to change output ceiling: Iran

OPEC unlikely to change output ceiling: Iran

OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems...

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Syria tries to stabilize ailing currency

Syria tries to stabilize ailing currency

(AP) — Syrian state media says the central bank is pumping up to $200 million into the market to help boost the sagging Syrian pound. Three government newspapers — Baath, Thawra and Tishrin — carry reports Monday about the plan. The Syrian pound has plummeted against the dollar, spiking...

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Asian shares rise as weak China data spurs stimulus bets

Asian shares rise as weak China data spurs stimulus bets

Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open...

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Saudi Arabia to restructure Aramco, separate it from oil ministry: Arabiya TV

Saudi Arabia to restructure Aramco, separate it from oil ministry: Arabiya TV

(Reuters) - Saudi Arabia's Supreme Economic Council has approved a restructuring of state oil company Saudi Aramco [SDABO.UL] that includes separating it from the oil ministry, Al Arabiya television channel reported on Friday, citing sources. There are no indications that the move will...

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Jordan's overland trade paralyzed by Iraq, Syria border woes

Jordan's overland trade paralyzed by Iraq, Syria border woes

JABER CROSSING, Jordan (AP) — Jordan's overland trade has largely been paralyzed by recent border attacks from insurgents in neighboring Syria and Iraq — a spillover of regional turmoil threatening a close Western ally that has thus far succeeded in fending off Islamic militants....

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Government confiscated goods of Dablan market: merchants say

Government confiscated goods of Dablan market: merchants say

(Reporting by Ma'moon Abu Mohamed; Translation by Yusra Ahmed) Syrian regime’s customs have seized huge amounts of products from traders in many shops after resuming their activities in famous Dablan market in Homs, Activists confirmed to Zaman al-Wasl. Activists mentioned...

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Oil prices hold steady as Yemen bombing continues

Oil prices hold steady as Yemen bombing continues

(Reuters) - Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that...

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Iran wants OPEC to pave way for its extra oil production when sanctions lifted

Iran wants OPEC to pave way for its extra oil production when sanctions lifted

(Reuters) - Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran's oil minister was quoted on Tuesday by state news agency IRNA as saying. "We expect the members of OPEC...

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Yemen conflict keeps Brent crude oil around $63

Yemen conflict keeps Brent crude oil around $63

(Reuters) - Brent crude oil steadied around $63 a barrel on Tuesday, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilize the Middle East, affecting oil supplies. Oil has climbed around 15 percent this month due to concern over the conflict in...

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Stocks firm after China stimulus, euro hit by Greek anxiety

Stocks firm after China stimulus, euro hit by Greek anxiety

(Reuters) - Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt. MSCI's broadest index of Asia-Pacific shares outside Japan...

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Oil turns higher, rallies to 2015 high on Yemen conflict

Oil turns higher, rallies to 2015 high on Yemen conflict

(Reuters) -  Crude oil  prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Hadramout region...

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Oil rises on U.S. output dips, Middle East tensions

Oil rises on U.S. output dips, Middle East tensions

(Reuters) - Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen. North Dakota's February oil production fell 15,000 barrels per day (bpd) versus January, monthly data showed on Tuesday,...

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UN envoy calls for monitoring of Yemen ceasefire      Hamas reiterates commitment to reconciling with Fatah      Merkel seeks to calm UK concerns on Brexit deal      Palestinian killed by Israeli fire in West Bank clash: Health Ministry      One of Khashoggi killers said 'I know how to cut' on audio: Erdogan      US service member dies in Afghanistan      Children bear brunt of Yemen’s ongoing conflict      Russia, Turkey, Iran to present Syrian committee lineup