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  • 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...

  • LONDON, Jan 29- If there were any suggestion that the fears that have gripped stock markets since the start of 2016 were the isolated stuff of paranoid financial investors, that evaporated with Friday's shocking meeting of the Bank of Japan. Instead, first the ECB's Mario Draghi and now the BoJ's Haruhiko Kuroda, stunning economists by cutting interest rates...

  • PAVLISHCHEVO, Russia— For Olga Druganina, Russia's economic turmoil has been a great business opportunity. Four years ago, the former employee at an industrial machines company began to develop her modest farm near Moscow as a business. First came President Vladimir Putin's sanctions on U.S. and European Union food products in 2014, a response to...

  • WARSAW/ BRUSSELS, Jan 29- A new pipeline to double Russian gas flows to Germany will only go ahead if Russia does not cut off Ukraine and eastern European gas flows, German Vice Chancellor Sigmar Gabriel told the Polish government on Friday. During a day-long visit to Poland, Gabriel sought to calm Polish fears, saying he had told Moscow that Nord Stream-2 could only...

  • *Erdogan to visit Chile, Ecuador, Peru. ANKARA, Jan 29- President Tayyip Erdogan heads to Latin America on Sunday with the aim of boosting trade ties as Turkey seeks to diversify away from its traditional export markets in the troubled economies of Europe and the Middle East. Turkey has been slowly strengthening its relationship with Latin America since the late...

  • Russia holds key rate at 11% as economy lags Friday, 29 Jan 2016 | 7:28 AM ET
    Elvira Nabiullina, chairman of Russia's central bank.

    Russia's central bank kept interest rates steady on Friday, as expected after a month that saw oil prices sink and the ruble drop to record lows.

  • Oil could go as low as $18: John Kilduff Friday, 29 Jan 2016 | 6:51 AM ET
    Oil could go as low as $18: John Kilduff

    John Kilduff, Again Capital, weighs in on the future of oil prices and whether stocks will be able to decouple from crude.

  • Russia leaves rates on hold Friday, 29 Jan 2016 | 5:42 AM ET
    Russia leaves rates on hold

    The Russian Central Bank is leaving rates where they are at 11-percent.

  • MOSCOW, Jan 29- Russian Deputy Prime Minister Arkady Dvorkovich on Friday played down expectations that Russia could coordinate with OPEC to arrest the fall in oil prices by reducing production, saying the state would not intervene to balance the market. Oil prices have jumped over the past 48 hours after Russian energy officials said they had received...

  • ST PETERSBURG, Russia/ DUBAI, Jan 28- Russia said on Thursday that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices. It remained unclear whether Russian Energy Minister Alexander Novak was referring to a months old proposal by OPEC members...

  • *China held talks with Russia in November on engine collaboration. SINGAPORE, Jan 29- China has built a potent military machine over the past 30 years but is struggling to develop advanced engines that would allow its warplanes to match Western fighters in combat, foreign and Chinese industry sources said. Western restrictions on arms exports to China prohibit...