Iran's Oil Minister Bijan Namdar Zanganeh says no one is happy with prices at current levels.
Iran's Oil Minister Bijan Namdar Zanganeh says no one is happy with prices at current levels.
Standard and Poor's Ratings Services said Islamic finance growth will drop to single digits in 2016.
Commercial crude stockpiles in August rose to 326.6 million barrels, the highest since at least 2002
The inaugurations mark the completion of the two solar PV projects co-designed and managed by Masdar in cooperation with the governments of the Pacific island countries of Tuvalu and Kiribati.
Enele Sosene Sopoaga, Prime Minister of Tuvalu, said the Solar Space Creation Project could not have come at a better time as the price of fuel has soared in recent years.
Dewa names bidder for first phase of the 1,200 MW Hassyan project.
Construction of the 1,200 megawatt Hassyan plant would early start next year, after commercial, legal and financial issues are finalised.
The Organisation of the Petroleum Exporting Countries forecast on Monday that demand for its oil in 2016 would be much higher than previously thought as its strategy of letting prices fall hits US shale oil and other rival supplies, reducing a global surplus.
A softer dollar makes dollar-priced oil cheaper, spurring demand.
The New York meeting was the third to be held this year.