Bloomberg Iran is ready to support any decision to help restore balance to the oil market after it regains its pre-sanctions market share, the Iranian oil ministry’s SHANA news agency reported on Saturday, quoting a minister. Algerian Energy Minister Nouredine Bouterfa said after talks in Tehran with his Iranian counterpart, Bijan Zanganeh, that the Organization of the Petroleum Exporting ...

  AP Billboards and street signs have gone up across Egypt’s capital extolling austerity and hope, part of a pro-government public relations campaign aimed at preparing Egyptians for sweeping economic reforms. The advertising blitz follows last month’s provisional agreement by the International Monetary Fund to give Egypt a $12 billion loan over three years to help President Abdel-Fattah el-Sissi’s government ...

  Bloomberg The worst has passed for oil prices, which are now too low to ensure investment in the new supplies needed during the rest of the decade, IHS Markit Ltd.’s Vice Chairman Daniel Yergin said. Crude futures, trading near $48 a barrel will rise next year to the “mid-$50 range,” Yergin said in an interview. The market is rebalancing ...