Iran plans to start offering oil-backed securities to its citizens, President Hassan Rouhani said Wednesday, as part of the government's efforts to boost state coffers hit by US sanctions and the coronavirus crisis. Iran's economy, further strained by low oil prices, has been suffering...

The Turkish lira resumed its sharp fall Wednesday on investor worries of a full-blown currency crisis and as a firm dollar made it more vulnerable to a squeeze, while emerging market stocks fell on doubts over coronavirus aid in the United States. The lira weakened 1.7 percent to 7.32...

Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus. Brent crude LCOc1 rose 82 cents, or 1.9%, to $45.22 a barrel by 12:58 EDT (1658 GMT). West Texas...

Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million barrels per day (bpd) to 13 million bpd despite cuts in capital expenditure this year and next year, the state oil group’s CEO said on Monday. Aramco’s capital spending plan for 2021 will be...