Its a cruel irony that an economy which gets 98% of its revenue from oil faces one of its worst fuel crises following years of conflict.
Kobe Steel announces further instances of faked inspections data as its shares get a hammering in Asian trading.
Kobe Steel, Japan's third-largest steel maker, has admitted that between 1 September, 2016 and 31 August 2017, it sold materials using falsified data.
Industrial production figures and improved retail sales help the sterling reverse recent losses.
Pound's slump in the wake of the Brexit referendum has made Britain a more appealing destination for overseas tourists.
Mohammed Sanusi Barkindo urges American oil producers to reduce production in a bid to prop up crude oil prices.
Sterling loses ground as fallout from Conservative party upheaval hits market sentiment.
The Prime Minister started by eulogising free markets in her Tory Party Conference speech and ended up talking price controls in a paradoxically daft narrative.
Iain Conn, boss of the British Gas' owner, says move could have opposite effect and result in higher prices across the board.
Sterling jumps against the euro and dollar on stronger intraday sentiment yet Brexit doubts lurk.
S&P Global Ratings opines the current recovery in Europe won't be a false dawn and can be sustained.
Petrochemicals company completes purchase of Danish firm's oil and gas business expanding its operations in the region.
Prime Minister says Britain needs to continue dealing with its debts and that flexible markets encourage prosperity.
Brent futures spike on anticipation of higher demand and geopolitical tension.
Electric cars require four times as much copper to manufacture compared to traditional fossil fuel variants.