OPEC, Russia and other oil producing nations agreed on Sunday to cut output by a record amount, representing around 10 percent of global supply, to support oil prices amid the coronavirus pandemic, sources said. The group, known as OPEC+, agreed to reduce output by 9.7 million barrels per...

Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output. Saudi Arabia and Russia were close to...

"Is it halal to buy shares in Tesla?" a young Muslim would-be investor asks on Twitter. Islamic finance -- an amalgamation of Sharia law and modern banking -- has become a $2 trillion business over the past two decades, covering everything from bonds to buying cars. But with complex...

U.S. President Donald Trump said on Friday that Mexico has committed to cuts in oil production of 100,000 barrels per day to help contribute to global reductions. At a White House briefing on the coronavirus, Trump said the United States was helping Mexico with the cuts as he did not want...