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.

Counting the Cost

Is Saudi Arabia biting off more than it can chew?

Economic reality has gripped the Kingdom of Saudi Arabia, which aims to move away from oil dependency.

Counting the Cost

Iran and the oil market

How Iran's nuclear deal and a host of other factors are forging a new crude reality.

Counting the Cost

Trade wars and debt: The biggest risks to world economy

What's behind the IMF's and the World Bank's warnings about a looming global economic downturn?

Oil Price

Oil prices soar over fears of US strike on Syria

Brent rises to its highest level since December 2014, amid possibility of US-led strikes on Syria.

Oil prices soar over fears of US strike on Syria

Saudi Arabia

Saudi oil Tanker attacked off Hudaida port

'It was a minor attack. There was no impact, but the question is will it continue?'

Saudi oil Tanker attacked off Hudaida port