FRANKFURT, Germany (AP) — The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease...

The exchange rate reached 8,000 Syrian pounds to the US dollar for the first time in a number of Syrian cities, with the opening of trading on Wednesday. As of 12:40 before noon on Wednesday, and compared to the prices recorded at noon the previous day, the dollar jumped in both Damascus and...

Saudi Arabia on Friday signed a $240 million loan agreement with Pakistan to support the Mohmand Dam project in northwestern Khyber Pakhtunkhwa province, official said. The agreement was signed at a ceremony in the capital Islamabad and attended by Saudi Ambassador to Pakistan Nawaf bin Said...

Middle East supplies of crude oil are expected to contract further, starting in May, after the OPEC + group announced plans to cut production further. This is expected to raise costs for refiners from Asia to Europe and prompt them to seek more supplies from Russia, Africa and the Americas....