China eyes progress at APEC for China-backed free trade area
China hopes to see progress at next month's summit in Peru of the Asia Pacific Economic Cooperation (APEC) bloc in pushing ahead with a Chinese-backed trade liberalization framework, China's foreign minister said while on a trip to Lima.
OPEC set for no deal as Iran rejects Saudi oil output offer
Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.
Saudi Arabia, Russia sign oil pact, may limit output in future
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on hopes the two top oil producers would work together to tackle a global glut.
Iran deploys Russian-made S-300 missiles at its Fordow nuclear site: TV
Iran has deployed the Russian-supplied S-300 surface-to-air missile defence system around its Fordow underground uranium enrichment facility, Iranian state media reported on Monday.
Iran, Ecuador discuss ways to strengthen oil prices
Iran and Ecuador on Wednesday discussed ways that the two countries can strengthen oil prices as Iran signals it may support joint efforts by exporters to prop up flagging crude.
Oil eases as weak demand tempers bullish Saudi energy minister comments
Oil prices eased on Monday after comments by Saudi Energy Minister Khaled Al-Faleh that the market was heading towards balance were tempered by signs of slowing demand in Asia.
We need to sell Britain to the world, Osborne says, eyeing China
British finance minister George Osborne will put more effort into Britain's relationship with China and lead another trade visit later this year, following Britain's decision to leave the European Union, the Financial Times reported.
As Iran's oil exports surge, international tankers help ship its fuel
More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January.
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