Iraq has signed a $328 million deal with U.S. company General Electric that will boost power output during peak summer months, officials said Friday, although it falls far short of the country's needs. The deal will make only a small dent in the country's major summer production shortfall,...

France and Iran heralded a series of major deals thought to be worth billions of dollars on Thursday as the two countries resealed trade ties following the lifting of sanctions against Tehran. Iranian President Hassan Rouhani, visiting Paris as part of a tour that saw him stop in Rome earlier...

Crude oil futures fell around 1 percent in Asian trading on Thursday, eroding gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply. But falls were curbed by a weaker dollar following the...

Oil prices rebounded on Tuesday, supported by strong Chinese fuel consumption and at least interrupting a slide to 2003 levels earlier in the week after the return of Iran to markets added to an already huge supply overhang. Traders said prices were supported by strong oil data from...