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Speaking before an audience at the CERAWeek 2016 Energy conference in Houston, Saudi Arabia oil minister Ali al-Naimi said that the kingdom will not lower production from its current levels, resisting calls to slash output in an effort to boost prices.

Vettel’s fastest lap was set on the new Ultrasoft compound introduced for 2016 by Pirelli, with the four time Champion recording a 1:22.810, two seconds quicker than Rosberg who used the slower, Medium compound tyre to set his best lap of the day.

Smartphone ride-hailing service Uber is placing a bet on motorcycles in the Thai capital, adding motorbike rides to its arsenal of on-demand services.

‘Yesterday’s increase could have come mainly from OPEC trying to rally the market into thinking that there will be action to come between OPEC and non-OPEC producers, ‘ Phillip Futures analyst Daniel Ang told AFP, referring to the discussions on a possible...

The bank reported a pre-tax drop of $1.52 billion for 2015, compared with a pre-tax revenue of $4.24 billion the previous year, and it validated it would not pay a final dividend for the current year. Shares have since plummeted by around 9 per cent in the early hours of trading.

The government has fixed a floor price for the sale of over 41.22 crore shares in NTPC at Rs 122 a piece, a 3.82% discount to its closing price on the BSE.

The International Civil Aviation Organisation has banned cargo shipments of lithium-ion batteries on passenger planes, which could prove frustrating for technology companies and manufacturers. Individual batteries inside your electronic devices are not a problem, but the way...

Ali al-Naimi, Saudi Arabia’s petroleum minister, said oil producers won’t cut production to reduce a global supply glut that has sent oil prices plunging over the past 18 months.

Time Inc declined to comment on the Bloomberg report while Yahoo and Citigroup could not immediately be reached for comment. Yahoo sees hundreds of millions of users click through their digital destinations on an annual basis, a number that would certainly benefit Time’s...

The expected resurgence of U.S. shale oil production will cap a recovery in the coming years in the price of oil, which is expected to reach US$80 per barrel by 2020, IEA Director Fatih Birol said at a news conference in Houston, Texas.

Oil prices recorded hefty gains in North America trade on Monday, with West Texas Intermediate futures climbing above the $33-level after the International Energy Agency said it expected USA shale production to fall this year and next. The annual report was presented on the...

‘We are keen on keeping the relations brotherly and friendly’.

If it is one thing that India will be wary of in the Asia Cup 2016 opener against Bangladesh, it would have to be Mustafizur Rehman.

Rick Snyder will release thousands of emails his staff sent related to Flint’s water supply switch that led to the city’s water being contaminated with lead.

Here’s more good news for action cam owners – this card is shcokproof, resistant to extreme temperatures, waterproof, and safe to take through X-ray machines.