Iran part of OMV revival strategy

Daniel J. GraeberVIENNA, Feb. 18 (UPI) — Austrian energy company OMV said it was placing bets on opportunities in Iran as it retools its upstream portfolio for growth in the weakened energy sector.

Saudi Arabia credit rating downgraded

Daniel J. GraeberDUBAI, United Arab Emirates, Feb. 18 (UPI) — Standard and Poor’s said it lowered its sovereign credit rating for Saudi Arabia because of the pressure from the long decline in crude oil prices.