Turkish President Recep Tayyip Erdogan has announced the discovery of a large natural gas reserves off the Black Sea coast, days after he promised "good news" that would usher in a "new era" for the energy dependent country. Erdogan said Friday that the amount of gas discovered is 320...

Oil prices held steady on Friday and were on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about the pace of economic recovery from the coronavirus pandemic. Brent crude LCOc1 futures were up 5 cents, or 0.1%, at...

 Oil prices fell on Thursday on demand concerns driven by cautious views from OPEC+ producers and the U.S. Federal Reserve regarding economic recovery from the coronavirus pandemic. Brent crude LCOc1 was down 46 cents, or 1%, at $44.91 a barrel at 1159 GMT, and West Texas Intermediate...

The US Treasury placed two United Arab Emirates-based companies on its sanctions blacklist Wednesday for their support of already-sanctioned Iran's Mahan Air. UAE-based Parthia Cargo and Delta Parts Supply FZC "have provided key parts and logistics services for Mahan Air," the Treasury...