Saudi Arabia convinced its fellow OPEC members that it is not in the group's interest to cut oil output however far prices may fall, the kingdom's oil minister Ali al-Naimi said in an interview with the Middle East Economic Survey (MEES).
- Silvia Antonioli in London
Britain's data watchdog has dismissed Israeli billionaire Beny Steinmetz's claims against a campaign group which used data to link him and his BSGR mining business to corruption in Guinea, saying the group enjoyed exemptions for journalists.
- Oheneba Ama Nti Osei
The Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus.
The Lima text was accepted by all parties - after the Africa group was conveniently excluded from consultations on a particular version of the text - even though it did not adequately address key issues that deadlocked the talks and the entire course of the discussion on the Durban Platform.
The president of Democratic Republic of Congo told foreign nations on Monday to respect his country's sovereignty after several urged him to comply with the constitution and not to run for re-election.