Lawyers for TikTok pleaded with a U.S. federal judge on Sunday to delay the Trump Administration's ban of the popular video sharing program from app stores set to take effect at the end of the day, arguing the move would infringe on First Amendment rights and do irreparable harm to the...

OPEC faces a critical moment in its 60-year history with the coronavirus crushing crude demand and prices, discord among its members, and threats from a world seeking cleaner fuels. Founded on September 14, 1960, by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela who sought to control crude...

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...

Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March. Yet the gains flowed mainly to the most affluent households even as tens of millions of people endured job losses and shrunken incomes. The...

Oil prices plunged about 5% on Monday, weakening as rising coronavirus cases stoked worries about global demand and a potential return of Libyan production bolstered oversupply fears. Crude oil followed other equities and commodities markets in turning risk-averse on Monday as rising...

Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the U.S. Gulf of Mexico limited losses. Brent crude was down 33 cents, or 0.8%, at $42.82 a barrel by 0645...

A Lebanon-based consulting company hit by US sanctions said Friday it was surprised by the move and accused Washington of seeking to choke the battered Lebanese economy. The United States imposed sanctions Thursday on an official from Hezbollah, a movement backed by Iran and deemed a...

A Lebanon-based consulting company hit by US sanctions said Friday it was surprised by the move and accused Washington of seeking to choke the battered Lebanese economy. The United States imposed sanctions Thursday on an official from Hezbollah, a movement backed by Iran and deemed a...

The Saudi Energy Minister warned traders Thursday against betting heavily in the oil market saying he will try to make the market "jumpy" and promised those who gamble on the oil price would be hurt "like hell". The comments by Prince Abdulaziz bin Salman, OPEC's most influential minister,...

Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed on Thursday, suggesting a big transfer of bullion to New York that followed the cororonavirus outbreak has run its course. The pandemic upended the global gold...

Oil prices fell on Thursday, after rising steeply in the two previous sessions, as concerns about weak fuel demand re-emerged and producers in the Gulf of Mexico prepared to resume output following Hurricane Sally. Brent crude  futures fell 67 cents, or 1.6%, to $41.55 a barrel at 0628...

Dubai's DP World said Wednesday it is partnering with an Israeli group to bid for one of Israel's two main ports and possibly open a direct shipping line between the two Middle East states. The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to...

China on Tuesday said it has decided to exempt tariffs on some US products for one more year, a move seen as another concession in an ongoing trade dispute between the two economic giants. The Customs Tariff Commission of China’s State Council said no additional tariffs will be imposed on...

Oil prices edged lower on Tuesday as worries over a slow recovery in global fuel demand, depressed by the coronavirus pandemic, chimed with bleak outlook warnings by major oil producers. Brent crude  was down 4 cents, or 0.1%, at $39.57 a barrel by 0642 GMT, while U.S. West Texas...

The French economy will contract by 8.7 percent this year owing to the Covid-19 pandemic, the central bank estimated Monday, less than originally forecast due to consumer spending. The Bank of France had previously expected a 10.3-percent slump as companies reel from the impact of...

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is riskier than before. Previous bouts of belt-tightening have relied on rebounding oil prices...

A mixed state of anxiety and trauma dominates among the Syrian community in Egypt, whether from the shopkeepers or workers in these stores, after the leakage of a copy of a periodic book issued by the Minister of Local Development in Egypt, Maj. Gen Mohamed Sharawy, addressed to all governors...