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China and US economies diverge over coronavirus response

The United States and China dealt with the spread of the devastating coronavirus pandemic in vastly different ways, and that split is reshaping the global battle between the world's two leading economies. About 11 months after the Wuhan outbreak, China's official GDP numbers this week show...

In Dubai, oil-rich UAE sees a new wonder: A coal power plant

A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it's not another skyscraper to grace the futuristic sheikhdom. Instead, it's one of mankind's oldest power sources gaining its own space on the oil-rich Arabian Peninsula - a coal-fired...

OPEC+ to discuss weakening oil demand outlook

Oil producer group OPEC+ will meet Monday to discuss the weakening demand outlook in the face of rising coronavirus infections as well as increased output from Libya but is unlikely to recommend immediate action, OPEC+ sources said. An OPEC+ joint ministerial monitoring committee,...