Inside Story

Will OPEC appease Donald Trump?

OPEC and its allies are set to meet in Algeria on Sunday to discuss the price of oil.

Business & Economy

'Saudi and Russia taking oil market hostage': Iran

Iran's OPEC chief Hossein Kazempour Ardebili says Saudi and Russian actions are a result of US attempts to cut Iran off.

Iran OPEC chief: 'Saudi and Russia are taking oil market hostage'

India

India opposition stages protests against fuel price

School, colleges and businesses shut and highways blocked as part of nationwide strike organised by opposition parties.

India: Opposition parties stage protests against high fuel prices

Opinion

Can Saudi Arabia diversify its economy without an Aramco IPO?

Saudi Arabia's diversification effort will prove challenging with or without an Aramco IPO.

Adeel Malik

by Adeel Malik

Adeel Malik

Saudi Arabia

Report: Saudi's King Salman blocked Aramco's IPO

Move to halt oil giant's $100bn initial public offering seen as king's way to keep the crown prince's power in check.

Report: Saudi's King Salman blocked public listing of Aramco

Counting the Cost

Oil-rich Venezuela takes desperate measures to bolster economy

Venezuela, once the richest country in Latin America, is coping with one of the worst economic disasters in the world.

United States

China rejects US demand to reduce Iran oil imports: report

Bloomberg cites officials as saying that Beijing turned down a Washington request to cut imports from Iran.

China rejects US demand to reduce Iran oil imports: report

Inside Story

Oil price shock on the way?

Tensions between regional rivals Saudi Arabia and Iran have provoked fears of an increase in world oil prices.

Business & Economy

Saudi agrees to US request to pump more oil

Kingdom is prepared to utilise its spare production capacity to deal with changes in the levels of supply and demand.

Saudi agrees to US request to pump more oil

Business & Economy

Riyadh coy as Trump says Saudi king agrees to raise oil output

Saudi state media confirms phone call between two leaders but makes no mention of figure tweeted by US president.

Riyadh coy as Trump says Saudi king agrees to raise oil output

Business & Economy

OPEC reaches deal to raise oil output

After tense talks, OPEC agrees to increase production after calls from top consumers to help avoid supply shortage.

Europe

Political tensions loom over critical OPEC meeting

Will Iran agree to Saudi and Russia’s call to lift oil production?

Political tensions loom over critical OPEC meeting

Counting the Cost

Why Saudi Arabia and Russia consider boosting oil production

Economist Cornelia Meyer discusses why Saudi Arabia and Russia consider reversing a 2017 deal to curb oil supply.

Counting the Cost

Venezuela's oil meltdown

We examine why Venezuela's oil-based economy is falling apart despite the fact that global oil prices have recovered.

Counting the Cost

US pullout from Iran deal: Who will pay the economic price?

We examine Trump's decision to withdraw from the Iran nuclear deal and the implications for the global economy.