Moscow's forces captured five villages in a renewed ground assault in northeastern Ukraine, the Russian Defense Ministry said Saturday, and Associated Press journalists in the city of Vovchansk described multiple buildings destroyed after Russian airstrikes and barrages of Grad rockets....

Oil prices showed limited declines on Thursday with a demand drop in the US, although global geopolitical tension put upward pressure on prices. International benchmark Brent crude traded at $89.20 per barrel at 10.49 p.m. local time (0749GMT), a 0.17% drop from the closing price of $89.35...

Oil prices increased on Thursday due to supply concerns fueled by Russia’s decision to implement output cuts and the unsuccessful attempts to bring about a cease-fire in the Gaza Strip. International benchmark Brent crude traded at $85.70 per barrel at 10.46 a.m. local time (0746 GMT), a 33%...

Oil prices increased on Tuesday with greater supply risks with the rising conflict in the Middle East, while investors await several key supply and demand data sets from the Organization of Petroleum Exporting Countries (OPEC) as well as inflation data from the US Federal Reserve (Fed)....

CAIRO (AP) — An attack by Yemeni Houthi rebels on a Belize-flagged ship earlier this month caused an 18-mile (29-kilometer) oil slick, the U.S. military said Saturday. It also warned of the danger of a spill from the vessel's cargo of fertilizer. The Rubymar, a British-registered,...

Merchants in the regime-held areas found what they could do to justify the significant price increase witnessed by all materials in the Syrian market, pointing out that the ongoing crisis in the Red Sea played a major role in increasing the fears of merchants who import from East Asia, as...

Russian President Vladimir Putin said Monday that the BRICS group of major emerging economies is attracting further support from “like-minded countries” sharing its underlying principles as his country assumed the bloc's chairmanship for 2024. In a statement published by the Kremlin, Putin...

The Syrian Minister of Oil said that the energy sector in Syria was greatly affected from the year 2011 until today, as oil production decreased from about 385,000 barrels per day to about 15,000 barrels at the present time, and the total production of natural gas also decreased from about 30...

DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from Riyadh and Moscow...

The Syrian Ministry of Transport decided to transfer the phosphate exported from the state-run port of Latakia to the port of Tartous, which is owned by a Russian company, which deprived the port workers of the large financial benefit they used to obtain from loading phosphate to export ships....

Russia's ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide. Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in...

The Central Bank of Syria issued a circular raising the daily withdrawal ceiling from bank accounts opened for natural and legal persons from 15 million SYP to 25 million SYP. The bank justified its decision by saying that it aims to manage the exchange rate to limit speculation on the...

ANKARA (AA) - Oil prices edged higher on Tuesday after traders took advantage of profit-taking from low prices ahead of the release of US consumer inflation data on Tuesday and interest rate decisions by top central banks on Wednesday. International benchmark Brent crude traded at $72.37 per...

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 inflation...

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....

BEIJING (AP) — Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Shanghai, Tokyo and Hong Kong declined. Oil prices...

FRANKFURT, Germany (AP) — The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The...

Oil prices fell further on Friday as inflationary concerns and global demand uncertainty weighed on prices. International benchmark Brent crude traded at $84.52 per barrel at 09.55 a.m. local time (0655 GMT), down 0.27% from the closing price of $84.75 a barrel in the previous trading...