Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half-a-billion barrels and as Iran plans to boost exports from March. Brent for April delivery had dropped 9 cents to $32.63 a barrel as of 0707 GMT,...

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...