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Turkey consumes second-cheapest gas in Europe

Turkey had the second-cheapest natural gas in Europe during the first half of 2014, according to European data. The gas price per kilowatt hour in Turkey was €0.033 ($0.039) for households, and €0.024 ($0.029) for industry in the...

Asia heartened by Wall Street high, dollar in demand

(Reuters) - Asian markets should be well underpinned on Tuesday after Wall Street closed at historic highs while oil prices suffered a vicious setback after Saudi Arabia quashed all thought of cutting supply. The revival in risk appetites undermined the safe haven yen and...

Oil slides as Saudi Naimi tells market to forget OPEC cuts

(Reuters) - Oil prices resumed their downward march on Monday, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price. After a weekend of comments from several Gulf OPEC members...