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...

(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 at...

Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open...

(Reuters) - Saudi Arabia's Supreme Economic Council has approved a restructuring of state oil company Saudi Aramco [SDABO.UL] that includes separating it from the oil ministry, Al Arabiya television channel reported on Friday, citing sources. There are no indications that the move will...

JABER CROSSING, Jordan (AP) — Jordan's overland trade has largely been paralyzed by recent border attacks from insurgents in neighboring Syria and Iraq — a spillover of regional turmoil threatening a close Western ally that has thus far succeeded in fending off Islamic militants....

(Reporting by Ma'moon Abu Mohamed; Translation by Yusra Ahmed) Syrian regime’s customs have seized huge amounts of products from traders in many shops after resuming their activities in famous Dablan market in Homs, Activists confirmed to Zaman al-Wasl. Activists mentioned that...

(Reuters) - Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that...

(Reuters) - Members of the Organization of the Petroleum Exporting Countries (OPEC) should prepare for extra Iranian crude production when Western sanctions on Tehran are lifted, Iran's oil minister was quoted on Tuesday by state news agency IRNA as saying. "We expect the members of OPEC...

(Reuters) - Brent crude oil steadied around $63 a barrel on Tuesday, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilize the Middle East, affecting oil supplies. Oil has climbed around 15 percent this month due to concern over the conflict in...

(Reuters) - Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt. MSCI's broadest index of Asia-Pacific shares outside Japan...

(Reuters) -  Crude oil  prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Hadramout region...

(Reuters) - Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen. North Dakota's February oil production fell 15,000 barrels per day (bpd) versus January, monthly data showed on Tuesday,...

(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....

(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...

Ending the Kurdish insurgency in Turkey's impoverished southeast would unlock trade with  Iran , Iraq and eventually Syria, and kick-start a local economy long left behind by the rest of the country. Jailed Kurdish militant leader Abdullah Ocalan said last...

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...

(Reuters) - Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear program would be reached that could allow more Iranian crude into world markets. Talks between  Iran  and six world powers to settle a dispute around Tehran's...

(Reuters) - Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. The Saudi military operation against...

(Reuters) - The European visitors strolling Tunisia's Hammamet resort are an encouraging sign for a government determined to minimize the fallout of last week's shooting of 20 tourists in the nearby capital. But there is anxiety about the future in the five-star hotels, trinket...

(Reuters) - Oil prices fell further on Monday, with Brent dropping below $55 a barrel, after top exporter  Saudi Arabia  said it would only consider cutting output if other producers outside OPEC did so too. The strengthening of the dollar further weighed on prices....