BRICS bank eyeing investments in hydropower, electricity: Russia
The New Development Bank established by the BRICS emerging nations plans to invest in infrastructure projects in those countries and is considering hydropower and electricity investments, Russian Finance Minister Anton Siluanov said.
Asia's oil markets in upheaval as China, India change the game
Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers like Japan and challenge the United States as the world's biggest consumer.
Iran proposes nuclear power cooperation with Hungary
Iran has proposed a project with Hungary to design and develop a small nuclear reactor that could be sold across Asia and Africa and also built in the Islamic republic, Tehran's top nuclear official said on Thursday.
Iran offers no action in support of global oil pact
Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices, making clear it wants to recapture the market share it lost during years of sanctions.
Saudis and Russia agree oil output freeze, Iran still an obstacle
Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production.
Oil stages late gains as Saudi, Russia, Venezuela to meet
Oil prices rose nearly 2 percent on Monday on news that ministers from Saudi Arabia, Russia, Qatar and Venezuela would hold a previously unpublicised meeting in Doha this week, adding to speculation of a global output deal.
Iran's windfall from nuclear deal cut in half by debts: U.S. official
Iran gained access to about $100 billion in frozen assets when an international nuclear agreement was implemented last month, but $50 billion of it already was tied up because of debts and other commitments, a U.S. official said on Thursday.
Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported.
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