DOHA: State-owned Qatar Petroleum, one of the largest oil companies in the world, announced on Tuesday that it will reduce production levels from the beginning of next year. The reduction -- beginning on January 1 -- comes following the…
RIYADH, SAUDI ARABIA: Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its own output this year, in a major compromise ahead of talks in Algeria next week, three sources familiar with the discussions said on…
WASHINGTON: The IMF announced a $5.34 billion program for Iraq on Thursday to help strengthen the country's finances, hit by the crash in oil prices and the fight against the Islamic State group.
WASHINGTON: The International Monetary Fund (IMF) said Sunday that its second in command was on a two-day visit to Iran for discussions on economic developments.