U.S. crude prices rose slightly on Wednesday, bolstered by progress on a massive pending U.S. economic stimulus package, but government data shows the coronavirus pandemic started to hurt U.S. fuel demand last week. Demand for oil products, especially jet fuel, is falling dramatically as...

Russia never sought a sharp oil price fall or an end to cooperation with Organization of Petroleum Exporting Countries (OPEC), and the Gulf nations are to blame for the crisis on the global oil markets, a senior Russian official said. In early March, Russia and OPEC failed to agree how...

Equity markets in the Middle East extended losses Sunday despite regional governments trying to blunt the impact of coronavirus with economic stimulus measures. Abu Dhabi’s main gauge lost the most in the region, while shares in Dubai, Saudi Arabia, Qatar and Bahrain also fell. The losses...

Dubai carrier Emirates Airlines announced Saturday it would suspend flights to dozens more cities, taking its total route closures past 100, in a bid to forestall the spread of coronavirus. The United Arab Emirates on Friday announced its first two deaths from the disease. Total...