OPEC reaches first deal to cut oil output since 2008 - sources
OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
EU seeks money for joint defense programs
The European Union's executive wants to boost the bloc's joint defense and security with an initial investment of 90 million euros ($100 million) in research, marking a turning point after years of cuts.
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.
Britain's fear of European army muddles EU defense plan
Britain said on Tuesday it would oppose any EU proposals to combine European forces into a single army while it is still in the bloc, but France and Germany said no such plans existed and won support from NATO to strengthen EU defenses.
Britain promises Brexit will not create legal vacuum at WTO
Britain's trade minister promised on Tuesday its departure from the European Union would not create a legal vacuum at the World Trade Organization, and said Britain was determined to champion free trade.
Kerry defends diplomacy as Russian-backed forces pound Aleppo
U.S. Secretary of State John Kerry defended his efforts to negotiate with Moscow over the war in Syria on Monday, despite the collapse of a ceasefire that has led to a massive Russian-backed assault on the besieged rebel-held sector of Aleppo.
Exclusive: Russian oil majors raise output of hard-to-recover crude
Russian oil majors Rosneft and Gazprom Neft are raising the share of production from hard-to-recover reserves, to counter declining conventional output, showing the complexities facing producer nations seeking to tackle a global oversupply of crude.
No sign of oil freeze at home as Russia meets OPEC
As Russian energy minister Alexander Novak flies to Algeria this week for talks with OPEC on output cuts, developments at home indicate non-OPEC Russia is not preparing for any coordinated production action.
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