Iran Wants To Overcome Differences With Saudi-Arabia

Iran’s oil minister, Bijan Zanganeh, says that despite their general differences over Islam and specific quarrel over Yemen, his country and Saudi Arabia have more in common than may be immediately evident.

BP sees profits rise but warns of Russia sanctions risk

BP has warned that further sanctions against Russia could affect its business as it posted a rise in second quarter profits.

Sudan, South Sudan in fresh talks to set up buffer zone

ADDIS ABABA (Reuters) - Sudan and South Sudan resumed stalled talks on Friday aimed at setting up a demilitarized border zone along their porous border, an official said, in a fresh bid to settle a long-standing dispute over oil and land.

Nuclear Iran would 'choke' world economy: Israel PM

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu on Tuesday warned that a nuclear-armed Iran would control the major Gulf oil producers, send energy prices soaring, and "choke" the global economy.

Lower economic growth forces down IEA oil demand projections

Dimmer global economic growth assumptions and lower-than-expected oil demand during the third quarter in developing countries have driven down expected worldwide oil demand growth, according to the International Energy Agency’s latest monthly Oil Market Report.

However, stronger-than-expected oil demand in the developed countries of the Organization for Economic Cooperation and Development (OECD), mostly in the US, as well as power generation demand in Japan, anticipated Libyan demand recovery, and demand strength in the Middle East offset some of the demand weakness, IEA said.