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Unrest intensifies in Iraq as Iranian consulate and oil facility stormed

BASRA/ERBIL, Iraq (Reuters) - Civil unrest fuelled by anger against perceived corruption and misrule by Iraq's political elite intensified across the south of the country on Friday, as protesters stormed the Iranian consulate in Basra while others briefly took workers hostage at a nearby oilfield.


Can Saudi Arabia pump much more oil?

LONDON(Reuters) - The leader of Saudi Arabia has assured U.S. President Donald Trump that the Kingdom can raise oil production if needed and the country has 2 million barrels per day of spare capacity that could be deployed to help cool down oil prices to compensate for falling output in Venezuela and Iran.


Instant View: U.S. withdraws from Iran deal

(Reuters) - The United States will withdraw from the Iran nuclear pact negotiated in 2015 and re-impose sanctions it had previously withdrawn, President Donald Trump said, calling the deal "defective" at its core.


U.S. considering some sanctions on Venezuela oil sector - sources

WASHINGTON (Reuters) - The Trump administration is considering imposing U.S. sanctions on Venezuela's vital oil sector in response to Sunday's election of a constitutional super-body that Washington has already denounced as a "sham" vote, U.S. officials said.


Non-OPEC oil states agree to cuts in 'historic' deal

VIENNA: Eleven countries agreed on Saturday to cut their oil output, teaming up with the OPEC cartel in an exceptional bid to end the world’s glut of crude and reverse a dramatic fall in income.


Markets in free fall as Trump moves into lead

HONG KONG: Markets went into free fall Wednesday and the Mexican peso tanked as Donald Trump appeared to be moving into the lead in the race for the White House.


Oil prices fall as Venezuela says market is 10 percent over supplied

SINGAPORE (Reuters) - Oil prices fell on Tuesday after Venezuela said that global crude supplies needed to fall by 10 percent in order to bring production down to consumption levels, confirming analyst views that markets remain heavily over supplied.

AseanPlus News

Oil prices rise, set for third weekly gain

SINGAPORE: Oil prices climbed in Asia on Friday, heading for their third weekly gain after OPEC said it was open to fresh talks on freezing output despite the failure to reach a deal at the weekend.


Najib: Strengthening ringgit augurs well for country

KUALA LUMPUR: The strengthening ringgit has made it the region’s top performing currency, achieving its highest level of 3.8650 against the US dollar on April 14, Datuk Seri Najib Tun Razak said.


More economic challenges ahead

Moody’s has warned that although Malaysia’s budget deficit is expected to contain at 3.1% to 3.2%, its debts against gross domestic product (GDP) is seen as exceeding the “danger limit” of 55% this year.