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What currencies to buy if recession is coming?

If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen - and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co. …

US and Saudi Arabia discuss sanctions against Iran

US State department officials met with Saudi Energy Minister Khalid al-Falih in Jeddah to discuss maintaining a well-supplied oil market to guard against volatility and coordinating oil sanctions against Iran, US State …

Oil prices rise on Norway strike

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike today after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. Norway is Western …

Date of Russia, EU, Ukraine meeting on gas revealed

Russia, the European Union and Ukraine are planning to hold a trilateral meeting on gas in Berlin on July 17, the Russian Energy Ministry said in a statement. The Russian delegation will be led by the country's energy minister …

ACRA: more anti-Russian sanctions are key risk

The possibility of more Western sanctions against Moscow is the key risk for the Russian economy, as much as 21% of which has already felt the impact of existing sanctions, Russia's Analytical Credit Ratings Agency said in a report. …

Saudi Aramco head warns of oil supply crunch

The oil industry risks a supply crunch as big energy companies focus on US shale and other short-term efforts over the long-term mega-projects seen in years past, the chief executive of Saudi Arabia’s state energy …

Iran’s oil revenue hits record in 3 months

Iran’s oil exports hit a record high in the first three months of the current Iranian fiscal year (started March 21) ahead of re-imposition of new US sanctions on the country’s oil sales, Iran's government spokesman said. …