Low oil prices

OPEC, non-OPEC agree first global oil pact since 2001
Business

OPEC, non-OPEC agree first global oil pact since 2001

OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a…
US energy bankruptcy wave surges despite recovering oil prices
Business

US energy bankruptcy wave surges despite recovering oil prices

The wave of U.S. oil and gas bankruptcies surged past 60 this week, an ominous sign that the recovery of…
Saudi plans stock market reforms to draw foreign money
Business

Saudi plans stock market reforms to draw foreign money

Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign…
Qatar’s Al Jazeera network laying off 500 employees
Business

Qatar’s Al Jazeera network laying off 500 employees

Qatar's Al Jazeera broadcasting network is laying off about 500 employees or more than 10 percent of its staff, it…
Saudi economic shake-up shows it is planning for cheap oil
Business

Saudi economic shake-up shows it is planning for cheap oil

Saudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a…
Low oil prices, turmoil keeps Mideast growth ‘subdued’: IMF
Business

Low oil prices, turmoil keeps Mideast growth ‘subdued’: IMF

The International Monetary Fund said Wednesday a fall in oil prices and deepening turmoil in parts of the Middle East…
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