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Pakistan, Iran aim to boost trade to $5 billion

ISLAMABAD, March 26 (Reuters) - Pakistan and Iran aim to increase annual trade volumes between the two countries to $5 billion by 2021, Pakistani Prime Minister Nawaz Sharif said on Saturday.

Syrian army advancing inside Palmyra in major offensive -monitor

BEIRUT, March 26 (Reuters) - Syrian government forces advanced into Palmyra on several fronts on Saturday, backed by waves of air strikes and artillery barrages, a monitoring group said.

The stars align to support US steelmakers

Real demand is still flat and US steelmakers appear to be facing a "perfect storm" -- a good one, this time.

Iraqi Shi'ite leader threatens unrest if reforms blocked

BAGHDAD, March 25 (Reuters) - Powerful Iraqi Shi'ite Muslim leader Moqtada al-Sadr warned political party leaders on Friday they would face street protests if they obstruct a government overhaul planned by Prime Minister Haider al-Abadi to fight corruption.

UPDATE 1-Switzerland to hand Venezuela oil firm bank records to US

ZURICH, March 25 (Reuters) - In a widening corruption probe into Venezuela's state oil company by U.S. authorities, Swiss regulators have agreed to provide U.S.

Former Malaysian PM Abdullah named new Petronas adviser

KUALA LUMPUR, March 25 (Reuters) - Former Malaysian Prime Minister Abdullah Ahmad Badawi was appointed as adviser for state oil firm Petroliam Nasional Bhd (Petronas), replacing another former premier Mahathir Mohamad who was fired from the post two weeks ago.

China state firms' Jan-Feb profits fall 14.2 percent y/y

BEIJING, March 25 (Reuters) - Profits from China's state firms fell 14.2 percent in the January to February period from a year earlier to 222.61 billion yuan ($34.2 billion), the Ministry of Finance said on Friday, in a sign of worsening business conditions from a slowing economy.

U.S. petroleum product exports continue to increase

(Fri, 25 Mar 2016) Total U.S. petroleum product exports continued to increase in 2015, up 467,000 barrels per day (b/d) from 2014 to 4.3 million b/d, driven by increased exports of distillate fuel, motor gasoline, and propane. Mexico and countries in Central and South America continue to be major recipients of U.S. petroleum product exports.

Nigeria targets 300 army officers, firms, in widening corruption probe

ABUJA, March 25 (Reuters) - Nigeria has accused 300 firms and individuals, including army officers, of embezzling 48 billion naira ($241.45 million) through overpaid defence contracts or fraud, the presidency said on Thursday in a widening a crackdown on graft.

COLUMN-Oil price war threatens U.S. sense of energy security: Kemp

LONDON, March 24 (Reuters) - The political economy of oil prices in the United States is complicated.

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