Saudis 'may run out of oil to export by 2030’

A report by Citigroup has warned that Saudi Arabia could run out of oil to export by 2030, raising fears that oil prices may rise significantly in coming years.

Iran Considers Halting Nuclear Expansion to Avert EU Oil Ban

Iran is considering a Russian proposal to halt the expansion of its nuclear program in order to avert new sanctions, the country’s envoy in Moscow said.