News / International
Saudi Bonds and Spending Move in Opposite Directions
Standard and Poor, which previously downgraded Saudi Arabia's sovereign debt, has said that this in turn may contribute to a gradual repricing of the Gulf's international bonds.
Iran Decommissions Centrifuges During Nuclear Visit to Japan
Iran has begun decommissioning uranium enrichment centrifuges under the terms of the July nuclear deal, Reuters quoted Iran's Atomic Energy Organization (AEOI) chief Ali Akbar Salehi as saying during a visit to Tokyo.
Oil Price Slides on Weak China Data, Record Russian Output
Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia.
Angola Exploring Oil Investments from India
Angola's vice president Manuel Domingos Vicente has returned from a recent visit to New Delhi, where he took part in bilateral talks with the Indian minister of Oil and Natural Gas, Dharmendra Pradhan.
Saudi Arabia Able to Withstand Oil Prices: Saudi FM
Saudi Foreign Minister, Adel al-Jubeir, has announced that Saudi Arabia can withstand the impact of low oil prices on state revenues and economic growth, reported Reuters.
Iran Prepared for All Eventualities of Oil Export Resumption
Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV.
Brazil’s Oil Union Strikes over Asset Sales, Slashed Investments
Brazil's oil-workers' union began a strike on November 1, protesting asset sales and cuts in investment on the part of Petroleo Brasileiro SA, the nation's state-owned oil company, which is seeking to reduce its enormous debt load, according to Bloomberg.
Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute
Ecuador's President Rafael Correa said on Saturday that his country is in 'friendly' negotiations with Occidental Petroleum Corporation over the payment of a $1.77b award the Latin American nation was ordered to pay for seizing the US-based company's assets in 2006, reports Reuters.
