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Oil prices rose about 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil…

The Spanish economy will expand at a pace above 10% in the third quarter, Economy Minister Nadia Calvino said on Thursday, without giving projections for the full year. The minister reiterated the forecast after the central bank on…

The Israel and Dubai diamond exchanges have signed an agreement to promote cooperation in a deal certain to boost direct trade between the Middle East’s main diamond hubs. The diamond deal, finalised in a video conference ceremony, was…

Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut. Brent crude LCOc1 rose $1.64, or 4.1%, to $42.17 a barrel…

The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. “We expect the recovery in oil demand to decelerate markedly in the second half of…

Britain struck its first post-Brexit trade deal with Japan on Friday, hailing the agreement as a “historic moment”, just as it is struggling to clinch a deal with its closest trading partners in the European Union. Britain said the deal,…

The International Monetary Fund said on Thursday its discussions with Lebanese authorities are focused on the need for an accounting and financial audit of the balance sheet of the country’s central bank to help assess its assets and…

Russia believes it is extremely important to quickly regain, or even raise, its oil market share once demand recovers, as it readies to build up its fleet of unfinished oil wells, Energy Minister Alexander Novak said. “Once (oil) demand…

Lebanon’s central bank governor, who has been in the post since 1993, said he had no plan to resign despite rumours he would quit amid a deep financial crisis in the Middle East nation. Riad Salameh, the head of Banque du Liban, told…

Russian Energy Minister Alexander Novak said it was “extremely important” for Russia and other oil producers to quickly regain, or even raise, their market share once the demand recovers, according to a ministry’s inhouse magazine published…