Oil

Venezuela launches fifth forex plan in four years

Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan…

Russian economy seen growing from 2017 onwards: World Bank

Russia's oil-dependent economy is expected to grow from 2017 onwards, supported by higher global crude prices and oil production rising…

Igho Sanomi signs joint venture deal to build biofuel refinery in the US with African feedstock

Nigerian oil billionaire and non-executive chairman/founder of Taleveras, Igho Sanomi has signed a joint venture deal to build a biofuel…

Oil rises on expectations of extended supply curbs

Oil prices were little changed on Tuesday as the market awaited direction from weekly U.S. inventory data and as Kuwait…

Oil surges 2.5 percent, soothes cyber nerves

A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a…

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