European officials have reportedly confirmed that the G-20 meeting in Argentina will result in a communique outlining joint aims from the world's most powerful leaders.
OPEC and non-OPEC members will meet in Vienna, Austria, on Thursday, with the aim of reaching an accord over possible output cuts in order to prop up tumbling oil prices.
Crude futures have fallen more than 25 percent since climbing to a four-year peak in early October, amid intensifying oversupply concerns and worries over slowing economic growth.
U.S. President Donald Trump and China leader Xi Jinping will likely strike a deal at their G20 meeting, but "I don't think it's going to be the deal that either side wants," says Kirk Hartman, global chief investment officer at Wells Fargo Asset Management.
"Both sides have so much at stake here that they going to reach some kind of agreement," Hartman told CNBC.
Russian President Vladimir Putin signed a law ratifying a agreement on formation of a free trade zone (FTZ) between Iran and the Eurasian Economic Union (EAEU).
Tehran, Nov 28, IRNA - The National Iranian Drilling Company (NIDC) drilled over 126,000 meters of oil and gas wells over eight months from March 21-November 21.
The spokesman for the parliamentary leadership, Behrouz Nemati, said Iran's crude exports were projected to be more than a million barrels per day next calendar year in the national budget bill.
The head of the joint chamber of the Islamic Republic of Iran and South Korea proposed to draw closer economic relations between the two countries by forming a joint barter fund for commodities.
Tehran, Nov 29, IRNA – Russia has accepted Iran membership in the Eurasian Economic Union Treaty for three years, thus Iranian exporters can utilize the special tariffs for exporting to the region, said the Head of Iran-Russia Joint Chamber of Commerce.
Isfahan, Nov 27, IRNA- Head of the Regional Assembly of Middle East Railways (UIC) said that Iran’s proposal for the establishment of a joint company to exploit by its member states will be raised in the upcoming summit and its general plan to provide transport infrastructure is supported.
The trade war between the U.S. and China is pushing many global companies to rethink their supply chains.
Even if trade tensions eventually simmer, companies would still try and shift some of their supply chains to Southeast Asia, said Satish Shankar of Bain & Co.
Bain predicts that as companies rethink their supply chains, small and medium enterprises in the region will adopt more technologies into their daily operations that could potentially unlock a $1 trillion opportunity.
President Donald Trump says oil prices would go "through the roof" if the United States broke with Saudi Arabia.
Trump issued a statement earlier saying he stands by the Saudi Arabia despite the killing of journalist and U.S. resident Jamal Khashoggi by Saudi agents last month.
Trump is relying on Saudi Arabia to keep oil prices low after his administration restored sanctions on Iran.
Tehran, Oct 7, IRNA – Hossein Mousavian, former Iranian top nuclear negotiator, has commented on the US President Donald Trump’s potential decision on decertifying the Iran nuclear deal, saying Iran remained committed to the nuclear Non-Proliferation Treaty.
TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from October 25 to 28 at the Tehran Permanente International Fairground, IRIB news reported on Wednesday.
Tehran, Jan 25, IRNA – Iran, China, Panama, and Hong Kong have signed an agreement to jointly investigate sinking of the Iranian oil tanker, Sanchi, in China's eastern waters.