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Saudi meets Iran for oil talks before Algiers next week

  Bloomberg OPEC members Saudi Arabia and Iran, whose rivalry derailed an oil supply accord earlier this year, met in Vienna a week before the organization holds talks in Algeria. The two oil producers, along with fellow OPEC member Qatar, met at the headquarters of the Organization of Petroleum Exporting Countries in Vienna, according to three people familiar with the ...

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Egypt’s three mobile operators shun 4G licences

  CAIRO / Reuters Egypt’s three established mobile phone operators have declined to buy fourth-generation (4G) service licences, two Egyptian telecoms officials said on Thursday. The companies, Vodafone, Orange and Etisalat, did not respond to repeated requests for comment. The Egyptian officials declined to be named as no official announcement had yet been made. The Egyptian government is selling four ...

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Oil extends gain as US inventories drop

  Bloomberg Oil extended gains after weekly government data showed US inventories dropped to the lowest since February, trimming stockpiles at the highest seasonal level in at least three decades. November futures rose as much as 1.2 percent in New York after advancing 2.9 percent on Wednesday. Inventories fell by 6.2 million barrels last week, according to the Energy Information ...

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