US
Prices sank to new depths not seen since 2003 after the US and Europe lifted sanctions on Tehran
Finance minister says country needs to make decisions in lieu of economic slump
The price hike led to to queues at some petrol stations in Qatar, according to social media
Reports say Saudi Arabia will cut fuel and utility subsidies in response to record budget deficit
US benchmark West Texas Intermediate gained 19 cents to $37.69 compared with Wednesday’s close
13-member body puts off reassessment till June next year
Stung by Russia's success in supplanting it in giant Chinese market, Riyadh has embarked on charm offensive in Europe
Acting president of OPEC says GDP growth in 2016 will increase global oil demand by 1.3 to 1.5 million barrels per day
Kuwait rejects Venezuela’s proposal about holding the conference
Decision comes following a worldwide fall in prices of petroleum products