Archive of Business
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Russia’s Novak says it is too early to say if oil cuts will be extended
Russian Energy Minister Alexander Novak said on Monday it was too early to say whether a deal between OPEC and non-OPEC producers to cut oil ... Energy -
Libyan oil firm warns disrupting sector would fuel conflict
Libya’s National Oil Company (NOC) has warned that any bid to tamper with the sector could escalate unrest in the conflict-hit country, after ... Energy -
India asks scooter, bike makers to draw up plan for EVs
India’s federal think-tank has asked scooter and motorbike manufacturers to draw up a plan to switch to electric vehicles, days after they ... Technology -
Massive fire threatens Philadelphia refinery’s future
A massive fire at Philadelphia Energy Solutions Inc’s oil refinery on Friday damaged the largest US East Coast plant to the point that it could ... Energy -
US blacklists five Chinese groups working in supercomputing
The United States is blacklisting five Chinese organizations involved in supercomputing, calling them national security threats and cutting them off ... Technology -
Russia suspends Georgian airline flights in its territory
Russia on Saturday suspended Georgian air companies from flying in its territory from July 8, a day after President Vladimir Putin banned Russian ... Economy -
Hard-hit Turkish assets hinge on election, Trump-Erdogan meeting
Investors could snap up sold-off Turkish assets or dump them with force depending on the outcome of Sunday’s re-run election in Istanbul and, ... Economy -
Trump talks to Saudi Crown Prince on Iran, oil
US President Donald Trump spoke on Friday to Saudi Crown Prince Mohammed bin Salman about Middle East stability and the oil market, the White House ... Gulf -
Watchdog gives Iran until October to tighten anti-money laundering rules
Iran has until October to meet international standards against money-laundering and terror financing or face more international scrutiny, the global ... Economy -
Exxon’s $53 bln Iraq deal hit by contract snags, Iran tensions
Just weeks ago, US energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern ... Energy