Behind a Saudi-Russian truce to stabilize oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market. It is here, rather than in the world of futures prices, that a long-standing battle for market share carries...

The emirate of Abu Dhabi said Sunday it had sold $7 billion of bonds in the third major sale this month by Gulf sovereigns seeking to counter slumping oil prices. OPEC kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 billion two...

Oil prices rose on Friday as President Donald Trump laid out plans to ease the U.S. coronavirus lockdown and on reports, later played down, that a drug may potentially help treat COVID-19. Brent rose by 54 cents, or 1.9%, to $28.36 a barrel by 1133 GMT, and U.S. crude CLc2 for June was up 4...

Russia’s oil output deal with leading global producers will have an impact on global markets once it begins to be implemented, the Kremlin said on Friday. “The impact from the deal will come,” Dmitry Peskov, the Kremlin’s spokesman, told reporters on a conference call. Russia...