Opec

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A gas flare on an oil production platform beside a national flag in Iran: exports have fallen to a million barrels per day. Photograph: Raheb Homavandi

Saudi Arabia and Abu Dhabi expect to benefit from the Trump administration’s decision to end waivers that permit key consumers – among them India, Chi(...)

Mike Pompeo, US secretary of state. Photographer: Alex Wroblewski/Bloomberg

Oil extended gains after leaping to a six-month high on Monday as the US said it’ll no longer give any buyer of Iranian crude a waiver from sanctions (...)

An oil production platform in the Soroush oil fields alongside an Iranian flag in the Persian Gulf. Photograph: Raheb Homavandi/File Photo/Reuters

Crude oil jumped almost 3 per cent on Monday after the United States said it would tighten a clamp-down on Iranian oil exports in May, while US equiti(...)

The White House said that Mr Trump ‘recognised Gen Haftar’s significant role in fighting terrorism and securing Libya’s oil resources’.

The UN has warned that international rivalries and support for competing Libyan factions has helped push the oil-rich north African state to the brink(...)

Libyan women shout slogans during a demonstration to demand an end to  Khalifa Haftar’s offensive against Tripoli, at Martyrs’ Square in the capital on Wednesday. Photograph: Hani Amara/Reuters

Shells slammed into a densely-populated district of Tripoli overnight on Tuesday, piling misery on civilians from a two-week assault by commander Kha(...)

The global economy is facing a ‘delicate moment’, the International Monetary Fund warned on Tuesday. Photograph: Andrew Caballero-Reynolds/AFP/Getty

Fresh tariff rhetoric from US president Donald Trump affected global stocks on Tuesday with Europe’s benchmark Stoxx 600 index down 0.3 per cent. Add(...)

Protesters face riot police during a massive anti-regime demonstration in Algiers on Friday. Photograph: Mohamed Messara/EPA

Hundreds of thousands of protesters demanding radical change marched through Algiers for a seventh successive Friday, as Algeria’s spy chief was repo(...)

Independent News & Media, the subject of takeover speculation, rose 4.2 per cent to just under 10 cent. Photograph: Alan Betson

European shares rounded off a solid week on Friday with a slight gain, as better-than-expected German and US economic data boosted investors’ risk app(...)

Algerian president Abdelaziz Bouteflika (right) with Algeria’s army chief, Ahmed Gaid Salah. Photograph: Canal Algerie/AFP/Getty Images

Algerian president Abdelaziz Bouteflika will resign before his mandate ends on April 28th, state news agency APS said on Monday, bowing to weeks of ma(...)

Patients on dialysis wait at a closed clinic during a power outage in Caracas. Photograph: by Federico Parra/AFP/Getty Images

Venezuela’s government told workers and school children to stay home on Tuesday as the second major blackout this month left the streets of Caracas mo(...)

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