Thursday, 26 November 2015 (International Business Times)
Beset by drought conditions in its northern reaches, China will produce about 2 percent less corn during the 2015-16 growing season than previously anticipated, according to the United Nations’ Food and Agricultural Organization. The FAO now expects the country to produce 221 million tonnes of corn instead of the forecasted 226 million tonnes.
Wednesday, 25 November 2015 (International Business Times)
The Chinese government knows full well that its state-owned behemoths belong in the dustbin of history. But it also knows that, with an uncertain economic outlook despite numerous attempts to kick-start the country's economy, the question of whether to trash companies like Sinosteel doesn't have a simple answer.
Tuesday, 24 November 2015 (International Business Times)
The fact that Turkey shot down a Russian plane is not the only reason Russian President Vladimir Putin is furious. Since the jet fighter was downed Tuesday near the Syria-Turkey border, Putin has reiterated concerns -- already raised by other countries -- that Turkey has been buying oil smuggled from the Islamic State group.
Saturday, 21 November 2015 (International Business Times)
TEHRAN, Iran (Reuters) -- Iran's new oil and gas contracts will have flexible terms that take into account oil price fluctuations and investment risks, a senior Iranian official told Reuters Saturday. Iran is trying to lure back international oil companies to develop its vast oil and gas reserves once sanctions are lifted under a deal with world powers.
Iran will announce a new development contract model at conferences in Tehran Nov. 28-29 and in London in February.
Sunday, 08 November 2015 (International Business Times)
A year after the price of crude went into free fall, the Kingdom of Saudi Arabia has said that it has no plans to reduce oil drilling. In comments to the Financial Times, Saudi officials said they see no reason to slow the supply of oil in advance of an international producers' meeting in December.