Iraq has yet to inform its regular oil buyers of cuts to its exports, suggesting it is struggling to fully implement an OPEC deal with Russia and other producers on a record supply cut, traders and industry sources said.  Less than full compliance by Iraq, as well as by smaller...

Oil prices rose on Tuesday, extending gains from the previous session, on expectations that fuel demand will begin to recover as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures. West Texas Intermediate crude CLc1 futures rose as much as 8.2% to a...

Jordan's cash-strapped economy is expected to contract around 3 percent in 2020 due to the impact of the coronavirus as government revenue plunges due to a tight lockdown that paralyzed businesses, the finance minister said Sunday. The International Monetary Fund (IMF), which last March...

Iran's parliament has passed a bill allowing the government to slash four zeros from the rial, Iranian state media reported Monday, after a sharp fall in the value of the currency as a result of crippling U.S. sanctions. Iran's national currency will be changed from the rial to the Toman,...