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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...

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...

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...