n">(Reuters) - U.S. stocks opened higher Monday and the benchmark  S&P 500  rebounded after three weeks of losses as the euro strengthened against the dollar, easing some concerns over the impact of a robust greenback on corporate earnings. Investors have been...

(Reuters) - Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on Friday. The West's energy watchdog said the United States may soon run out of spare capacity to...

(Reuters) - The International Monetary Fund's bailout program for Ukraine assumes Kiev will be able to get $15.4 billion from talks with its creditors, according to four sources familiar with the IMF's documents. The assumption is necessary to ensure Ukraine's sovereign debt...

A Syrian businessman described as the "middleman" for oil deals between Isil and Bashar al-Assad's regime will be targeted for European Union sanctions on Saturday. The listing of George Haswani, the owner of HESCO engineering company, sheds more light on financial links between...

(Bloomberg) - Turkey’s lira slid to a record for a third consecutive day after Economy Minister Nihat Zeybekci said the central bank didn’t go far enough with rate cuts, arguing there’s no need to worry about the currency. The foreign-exchange...

(Reuters)- Oil rose in volatile trade on Thursday but analysts said the gains may not hold in the face of a strong dollar and the U.S. commitment to forge a nuclear deal with Iran . Concerns about deteriorating oil supplies from Libya and Iraq boosted crude prices even before...

(Reuters)- Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran , while rival Libyan forces targeted oil terminals in the African nation. Higher prices imposed by Saudi Arabia on...

The Egyptian government said Monday that 33,247 Egyptians had returned home from next-door  Libya since Feb. 16. In statements to Egyptian state television, Al-Anani Hammouda, security chief in Egypt's Matrouh province, said that some 787 Egyptians had returned home via the Salloum...

Energy Minister Taner Yildiz said on Monday  Turkey  will explore for oil in the Qandil region of Iraq and that a move towards disarmament by the outlawed Kurdistan Workers Party (PKK) should pave the way for this to happen. Yildiz told reporters Turkey owns...

(Reuters) - Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments since the price of crude rebounded from a near six-year low. Oil prices fell by 60 percent between June and January to a...

  Turkey slammed Tuesday Libya's internationally recognized government's decision to cancel the contracts of Turkish firms operating in Libya. Prime Minister Abdullah al-Thani's government, which only controls the eastern part of...

Reporting by Maher Radhwan; Translation by Yusra Ahmed (Zaman Al Wasl)- Homs’s refinery works at only 2.5% of its capacity with 9 barrels a day barrels since it used to produce 385 barrels due to the difficulties resulted of Syrian conflict,...

(Reuters) - Local bankers are joining the fight against a congressional proposal to audit the U.S. Federal Reserve's policy decisions, with more expected to lobby against the bill if it gains traction in Washington. The audit the Fed bill, championed by Rand Paul of Kentucky, a...

(Reuters) - Brent crude oil prices fell below $59 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week. U.S. commercial crude oil inventories rose by 7.7 million to a record 425.64 million barrels in the week ended Feb. 13, said the...

(Reuters) - Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya, where violence has reined in most...

 European Union finance ministers piled pressure on  Greece  on Tuesday to remain in an international financial rescue program as the euro fears of disruption when Athens' credit lines expire in 10 days time. But as he returned to meetings on other, routine, matters with...

(Reuters) - Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as euro zone economic growth exceeded expectations and market bulls priced in another drop in the U.S. oil rig count. The rise in prices was also fueled by bets that cuts in...

 Oil prices steadied on Monday as falling U.S. oil rig counts and conflict in producer Libya were balanced by a slump in Chinese imports, pointing to lower fuel demand in the world biggest energy consumer. "Weak China trade data are likely to weigh on industrial commodity...

(Reuters) - Brent crude oil traded almost $2 higher on Friday, on track for its second weekly increase, as fighting in Libya and stronger economic signals from the United States helped futures rebound from near-six-year lows. Prices remain roughly 50 percent below their peak...

(Reuters) - Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery. Tehran is engaged in...