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...

 Saudi Arabia, the world’s largest oil exporter, has notified some refiners in Asia that it will supply full contractual volumes of crude in May, three sources with direct knowledge of the matter said on Friday. This comes after the Organization of the Petroleum Exporting Countries...

Russian Energy Minister Alexander Novak and his Saudi Arabian counterpart, Prince Abdulaziz bin Salman, held a phone talk on Thursday and said in a joint statement they were ready to take measures with other OPEC+ members on the oil market if necessary. They also said both Russia and Saudi...