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  • *Could lead to joint venture to restore flights with Russia. CAIRO, Feb 2- An Egyptian airline plans to buy up to 10 Russian-made jets in a deal with Sukhoi Civil Aircraft that could also see the creation of a tour agency to restore flights between the two countries that were suspended after a plane crash last year. An Egyptian source said the deal included the...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatisation plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • MOSCOW, Feb 2- As Russia wrestles with an economic crisis, more and more Porsches and Rolls-Royces are appearing on its roads. Sales of Porsche, Bentley, Rolls-Royce and Lexus cars all rose last year, even as Russia sank into recession. "It's bizarre," said IHS Automotive analyst Tim Urquhart.

  • Foreign Minister Sergey Lavrov told reporters in the United Arab Emirates on Tuesday that Moscow is "open for other forms of cooperation, if there is general interest in holding a meeting between OPEC members and producer countries." Russia is not a member of the Organization of the Petroleum Exporting Countries. Russia's Energy Minister Alexander Novak last...

  • NIZHNEVARTOVSK/ MOSCOW, Feb 2- Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet high in January, suggesting the world's top producer was locked in a fierce struggle for market share. Russia has in the last week sent mixed signals about possible cooperation with...

  • MSCI's emerging market index fell 1.3 percent with bourses across much of Asia, Russia and eastern Europe chalking up losses as oil prices fell for a second straight day towards $33 a barrel. People were hoping that if the RBI wanted to be overly dovish, that would be a sign you would get a bit more support from central banks, "said Rich Kelly, head of global strategy at...

  • A new global oil deal could draw lessons from 1998 Tuesday, 2 Feb 2016 | 1:00 AM ET

    *OPEC rifts and pact with Russia under scrutiny. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. Some see OPEC rifts as insurmountable and Russia as a wild card that...

  • Want a better career? Check out these countries Monday, 1 Feb 2016 | 7:01 PM ET
    The River Limmat in Zürich

    European countries are the top destinations for people thinking of developing their career abroad, a survey from HSBC has found.

  • Oil could hit $85 by year's end: Analyst Monday, 1 Feb 2016 | 11:00 AM ET
    Yellow oil pump jacks

    Oil prices are set to rally in the second half to $85 a barrel, according to Cornerstone Analytics president Michael Rothman.

  • MOSCOW— Russia's long-haul trucks are no longer allowed into Turkey, a Russian trucking union and lobby group said on Monday. The Association of International Truckers said in a statement on its website that Turkey refused to renew an agreement allowing Russian truckers to bring goods into Turkey. While Turkey initially benefited from a slight uptick in...

  • LONDON/ DUBAI, Feb 1- OPEC and non- OPEC countries have not yet agreed to hold a meeting to discuss action to support oil prices, two OPEC delegates said on Monday, nearly a week after Russian officials said Moscow should talk to OPEC. OPEC delegates said last week a gathering of OPEC and non- OPEC oil officials could take place in February or March, perhaps at an expert...

  • MOSCOW, Feb 1- A Moscow court on Monday rejected a claim of wrongful dismissal brought by an ex-Deutsche Bank trader who lost his job amid an investigation by European and U.S. regulators into suspicious international share trades by the bank. A source familiar with the matter told Reuters in December that Deutsche Bank had found a total of $10 billion of...

  • Oil prices higher by end of the year: Pro Monday, 1 Feb 2016 | 6:07 AM ET
    oil and gas

    Michael Rothman, Cornerstone Analytics discusses the outlook on oil prices and weighs in on whether the world's top producers are likely to cut production.

  • How long can Saudi Arabia live with $30 oil? Sunday, 31 Jan 2016 | 5:03 PM ET
    Workers drill at the Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali desert in Shaybah, Saudi Arabia. (File Photo).

    Every month that oil stays below $80 a barrel, Saudi Arabia loses money. CNBC estimates when the kingdom may run out of money.

  • Saudi Arabia wants to support oil price: Report Sunday, 31 Jan 2016 | 4:03 AM ET
    Oil worker in Iraq

    Saudi Arabia wants to cooperate with other oil producers to support the market, Al Arabiya reported, citing an unnamed Saudi source.

  • Turkey: Russian jet was in our airspace again Saturday, 30 Jan 2016 | 11:59 PM ET

    Turkey said a Russian SU-34 jet had violated its airspace despite warnings, stoking tensions between two countries involved in Syria's war.

  • Even the whiff of an OPEC deal rallies oil Friday, 29 Jan 2016 | 3:17 PM ET

    There's little chance the OPEC cartel and nonmember Russia could reach a deal that would result in lower oil production.

  • *Iran won't join immediate OPEC production cut- report. NEW YORK, Jan 29- Oil prices trimmed early gains in volatile trade on Friday after news that Iran had dashed the possibility of participating in a possible deal between OPEC and other producing countries to trim output. But oil retraced early gains, with both contracts briefly turning negative, after the Wall...

  • *Iran won't join immediate OPEC production cut- report. NEW YORK, Jan 29- Oil prices retraced early gains in volatile trade, and U.S. crude turned negative on Friday after news Iran would not participate in a possible deal between OPEC and other producing countries to trim output. Russia, a major non- OPEC producer, this week said it could cooperate with the...