Bloomberg Saudi Arabia and Russia agreed to freeze output at near-record levels, the first coordinated move by the world’s two largest oil producers to counter a slump that has pummeled economies, markets and companies. It’s the first significant cooperation between OPEC and non-OPEC producers in 15 years and Saudi Arabia said it’s open to further action. Oil pared gains after ...

Tehran / AFP Iran intends to maintain its oil market share but said on Tuesday “there is room for discussion” on output, announcing talks with Iraq and Venezuela within 24 hours in Tehran. Oil Minister Bijan Zanganeh’s comments avoided a specific reaction to reports that Saudi Arabia and Russia have agreed to freeze production—on condition that other major oil states ...

ABU DHABI / WAM The UAE Space Agency and the United States’ National Aeronautics and Space Administration (NASA) are discussing future cooperation. A meeting at the UAE Space Agency’s headquarters in Abu Dhabi brought together officials from the two agencies to discuss ways of strengthening partnership and work. The delegation led by Badri Younes, NASA Deputy Associate Administrator for the ...