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...

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...