Oil slipped on Friday and were on track for a 3% weekly decline due to mounting worries about resurgent coronavirus infections crushing fuel demand and as Libyan crude exports resume. Brent crude LCOc1 was down 20 cents at $41.73 a barrel by 12:02 p.m. EDT (1602 GMT), while U.S. West Texas...

The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding. Initial claims for state unemployment benefits totaled a...

Iraqi Oil Minister Ihsan Abdul Jabbar expects to reach an agreement soon with the OPEC group over increasing Iraq's crude oil exports, state news agency INA cited him as saying Thursday. OPEC's second-biggest producer, Iraq has failed in the past to fully comply with OPEC oil output...

There is an embargo on oil business with Syria, but it still takes place. The FinCEN Files, international research on money laundering, corroborates this. And Turkey's largest oil company appears to play an uncanny role. In the Kerch Strait off the Crimean coast, a dangerous undertaking...