Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered by COVID-19 restrictions is starting to pick up. West Texas Intermediate (WTI) crude futures CLc1 climbed to a high of $17.75 a barrel and were up...

A large convoy of Iranian vessels were detected approaching Syria's Baniyas port on Tuesday, according to a maritime group which monitors the movement of oil tankers. They were allegedly carrying a staggering 6.8 million barrels of oil, the Middle East Economic Survey (MEES) have...

The world's biggest smartphone maker, Samsung Electronics, reported a three-percent drop in first-quarter net profits on Wednesday, as the coronavirus pandemic dampened consumer demand. Net profits in the January-to-March period were 4.88 trillion won ($4 billion), down 3.1 percent from a...

Oil prices were mixed on Tuesday as optimism about the easing of coronavirus-related restrictions reassured markets, although traders remained cautious with storage capacities filling up fast and supply cuts not deep enough to counter falling demand. Brent crude LCOc1 rose...