Iran on Friday rejected US claims it is helping Venezuela to rebuild its oil industry, saying the accusations are designed to increase pressure and disrupt the two countries' trade ties. Elliott Abrams, the envoy leading US efforts to topple Venezuela's leftist leader Nicolas Maduro, has...

Oil slipped to around $26 a barrel on Friday as weak demand due to the coronavirus crisis and excess supply pressured the market, even as OPEC and its allies began a record output cut. The global oil benchmark, Brent crude, has collapsed 60 percent in 2020 and reached a 21-year low last...

The number of Americans filing for unemployment benefits because of the coronavirus has soared past 30 million, worsening a crisis unmatched since the 1930s and turning up the pressure on political leaders to lift restrictions that are choking the economy. Government figures released...

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...