Oil selling resumes as Iraq supply worsens glut
U.S. oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq's output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.
U.N. seeks Syrian peace talks this week, opposition threatens boycott
The United Nations said on Monday it would issue invitations for marathon Syrian peace talks to begin this week, but opposition groups signalled they would stay away unless the government and its Russian allies halt air strikes and lift sieges on towns.
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance itself.
Kerry to press China over North Korea, urge ASEAN unity over South China Sea
U.S. Secretary of State John Kerry began a visit to Asia on Sunday in which he plans to press China to put more curbs on North Korea after its nuclear test and to urge Southeast Asia to show unity in response to Beijing's claims in the South China Sea.
Germany's Schaeuble wants to foster Mideast strategy with Russia
Europe needs to make a greater contribution to stabilizing the Middle East and should think about developing a joint strategy with Russia to reduce tensions between regional powers Iran and Saudi Arabia, German Finance Minister Wolfgang Schaeuble said.
No special status for east Ukraine without ceasefire: president
Ukraine will not give its eastern regions greater autonomy until a lasting ceasefire with pro-Russian separatist rebels is in place, President Petro Poroshenko said on Sunday, in comments that could antagonize the rebels and the Kremlin.
Kerry Says Efforts Could Lead To Lifting Russia Sanctions In Months
U.S. Secretary of State John Kerry says he believes Washington may be able to consider lifting sanctions it imposed on Russia over its involvement in violence in Ukraine later this year if Moscow complies with the Minsk peace deal.
Ukraine Levies $3.5 Billion Fine On Russia's Gazprom
Ukraine's state antimonopoly agency has imposed a $3.5 billion fine on Russia's Gazprom for allegedly abusing its monopoly control of Ukraine's natural-gas transit system.
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