It has become difficult for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday as Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production.   Efforts to bridge differences between OPEC's de facto...

The secret of Japanese electric car maker GLM’s competitiveness is out. This automaker, also dubbed as ‘Japan’s Tesla’ by some sells the technology platform to rivals in addition to selling its own flashy sports cars.   This revelation was made by the chief financial officer of the company...

Keeping crude oil output at current levels could be justified as the oil market would balance itself in 2017 even if producers did not intervene, believes Saudi Arabia's energy minister Khalid al-Falih who said this on Sunday.   The Organizaiotn of Petroleum Exporting Countries would...

The prices for thermal coal and liquefied natural gas (LNG) was boosted as power stations fire up to meet a surge in electricity demand as there has been advent of an early winter sharp cold snap in northeast Asia and the first November snow fall in Tokyo in 54 years this...

Even as OPEC battles to agree on its first production cut since 2008, data has shown that during one of the worst downturns for the global oil industry, the world's listed oil companies have slashed oil output by 2.4 percent so far this year.   Data provided by Morgan Stanley showed that in...

The way people order food, a car, or a place to stay has been changed by the on-demand economy, which uses smartphone technology to immediately fill consumer needs. Now, offering coverage with the swipe of an app, technology startups are targeting the next business frontier – insurance.  ...

As delegates of OPEC members said talks on assigning quotas to individual countries made good progress, oil traders and analysts grew more confident that OPEC will reach a deal to curb global oversupply next week.   As he left the group’s headquarters in Vienna on Monday evening, Libyan OPEC...

In what would be Japan's biggest property deal since the global financial crisis, China's Anbang Insurance Group Co is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, reported Reuters quoting two people involved in the discussions.  ...

 European Union insiders reportedly say that it would be wrong to assume that the end of the penalties tied to Russian encroachment in Ukraine would be spelled due to Europe’s shaky resolve over extending economic sanctions against Russia, combined with a U.S. president-elect weighing warmer...

Aruna Desai can’t find a bank to exchange her funds and couldn’t give the money away if she tried and she has landed in a problem with the thousands of Indian rupees she has with her in the U.S.   Currency exchange providers in the U.S. have been unable to take the outlawed bills since...

When OPEC meets at the end of the month to curb production and stabilize the oil market, it is expected to deal for real this time, striking some form of agreement.   What could amount to an agreement to freeze production increases and actually cut back some output, has been hashed out by...