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Oil prices fall; Iran, China to discuss supplies

(Reuters) - Brent crude prices fell almost $1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push for more oil sales. Oil markets were also pressured as Goldman Sachs ( GS.N ) said prices needed to remain low for months to achieve a slowdown in U.S....

Oil up more than $1 after Saudi's Asia price hike

(Reuters) - Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region. International benchmark Brent regained ground after tumbling as much as 5 percent on...

Syria slashes imports to save dwindling foreign reserves

Damascus (AFP) - Syria's government, presiding over an economy ravaged by war and facing dwindling foreign currency reserves, is taking new measures to slash imports and prop up exports. Importers require government licences that allow them to request a favourable exchange rate at the...