Oil prices edged lower on Wednesday as a drawdown in U.S. distillate stockpiles for the first time since March and a sharp drop in U.S. crude production faced concerns over fuel demand due to fresh outbreaks of COVID-19. Brent crude LCOc1 was down 14 cents, or 0.3%, at $40.82 a barrel by...

Tunisia's economy could shrink by up to 7% this year because of the effects of the COVID-19 pandemic, the investment minister said Wednesday. The government ended all restrictions on movement and businesses this month and will open its sea, land and air borders on June 27. However, the...

Oil prices made marginal gains on Tuesday, reversing out of earlier losses, as hopes for further cuts in crude supplies took the sting out of concerns that a resurgence of new coronavirus infections around the world could hamper fuel demand. Brent crude LCOc1 edged up 9 cents, or 0.2%, at...

Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from US President Donald Trump who has sanctions on both nations. Iran has since April sent five tankers totaling about 1.5...