Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic that is causing global fuel demand to collapse. Oil futures have lost more than half their value in the past 10 days, as...

The United States has targeted a number of Chinese, Hong Kong and South African companies in a fresh round of Iran-related sanctions regarding petrochemicals, according to the U.S. State Department said in a statement on Wednesday. The entities targeted include Hong Kong-based Mcfly Plastic...

Toyota Motor Corp on Wednesday said it planned to stop output at more vehicles plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations. In a statement, the Japanese automaker said it had stopped operations at...

Oil prices fell for a third session on Wednesday to be down about 17% so far this week as the outlook for fuel demand darkened amid travel and social lockdowns triggered by the coronavirus epidemic. Brent crude LCOc1 was trading down 43 cents, or 1.5%, at $28.30 a barrel by 0650 GMT, after...