Crude Oil Glut Could Cushion Against Disruptions
January 06 2015 8:33 AM EST
Oil prices slipped to 5½-year lows Monday amid reports of rising production in Iraq, Russia and other major crude-exporting nations.
Iranian Leader Wants Sanctions Lifted
January 04 2015 11:37 AM EST
President Hassan Rouhani's comments mark a departure from the anti-Western rhetoric of his predecessor.
Oil Prices Climb On Worries Over Libyan Supply
December 28 2014 11:55 PM EST
Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes stoked worries about supply from the OPEC member.
Saudi Arabia's Oil Pricing Power Makes It Country To Watch In 2015
December 26 2014 11:32 AM EST
Saudi Arabia's power over oil prices isn't new, but now Riyadh is using it to influence political outcomes in the Middle East -- and far beyond.
Saudi Arabia Won't Cut Its Crude-Oil Production
December 21 2014 1:00 PM EST
Saudi Arabia Oil Minister Ali al-Naimi says other countries are welcome to cut their oil output, but that his country will not be doing it.
Dow Takes Wild Ride As Oil Prices Tumble
December 15 2014 4:56 PM EST
On Monday, the Dow jumped and declined more than 100 points as oil prices continue to drop.
'Fundamentals' Aren't Greasing Crude Oil Price Slide: OPEC Chief
December 14 2014 8:39 AM EST
"The fundamentals should not lead to this dramatic reduction [in price]," OPEC Secretary General Abdullah al-Badri says Sunday.
Hagel In Baghdad As US Sees Momentum Against Islamic State
December 09 2014 6:30 AM EST
Hagel is the first U.S. secretary of defense to visit Iraq since President Barack Obama ordered American troops out of the country in 2011.
Baghdad, Kurds Finalize Oil Export Deal
December 02 2014 12:11 PM EST
Pressure from Turkey and the threat of the Islamic State group helped bring the two parties together.
The Good And The Bad Of Plunging Oil Prices
December 02 2014 9:17 AM EST
Lower crude oil prices are good for U.S. consumers and bad for oil services firms as well as some oil-producing nations.
Arabs Push For UN Resolution On Palestinian Statehood
November 29 2014 12:22 PM EST
Arab League foreign ministers have created a draft resolution on Palestinian statehood for the U.N. Security Council.
India, Israel Look To Establish Deeper, Open Ties
November 19 2014 3:00 AM EST
India has an annual trade volume of about $5 billion with Israel, and officials see this figure doubling with a free trade agreement.
Baghdad And Kurds Reach Oil Agreement
November 13 2014 3:11 PM EST
Baghdad and Iraqi Kurdistan reached a deal Thursday to ease tensions over oil exports through Turkey.
Russia To Build Nuclear Reactors In Iran
November 12 2014 12:29 AM EST
The deal comes amid ongoing negotiations between Iran and six world powers to hammer out a nuclear agreement before a Nov. 24 deadline.
Why US Money Can't Stop Afghanistan's Opium Trade
October 29 2014 3:00 PM EDT
The $3 billion industry is only growing, despite American and Afghan efforts to put a stop to it.
Saudi Arabia's Largest Bank To Become Fully Sharia-Compliant
October 20 2014 7:05 AM EDT
The Sharia board has said that 78 percent of NCB's finance deals, 92 percent of liabilities and 73 percent of income, are Sharia-compliant.
Can Afghanistan’s Minerals Save Its Economy?
September 30 2014 1:40 PM EDT
Afghanistan has a trillion dollars worth of assets, but security and corruption concerns dissuade would-be investors.
Banks Warned: Guard Against 'Shellshock' Or Risk Huge Losses
September 27 2014 12:08 AM EDT
Banks need to update their software immediately to protect against Shellshock, experts say.
The $68,000-An-Hour War
September 24 2014 4:06 PM EDT
The cost to the U.S. military of bombing ISIS may reach as high as $10 billion.
Why Is Demand For Oil So Low? IEA Cuts Forecast
September 12 2014 9:05 AM EDT
Paris-based International Energy Agency called the recent oil demand slowdown "nothing short of remarkable."