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Oil drops on rising virus cases, increasing Libyan output

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices. Brent LCOc1 was down $1.08, or 2.6%, at $40.69 by 0934 GMT. U.S....

Russia strikes kill 56 Turkey-backed rebels in Syria: monitor

Air strikes by Syrian regime ally Russia killed 56 fighters from a Turkey-backed rebel group in northwest Syria on Monday, a Britain-based war monitor said. Russian warplanes also wounded 100 people when they targeted a training camp of the Faylaq al-Sham faction in the Jabal Duwayli area...

Chevron bets on Middle East gas riches and reconciliation

After years of focusing on U.S. shale, Chevron Corp is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily. CEO Michael Wirth's pivot away from home is underpinned by a bet that the Middle East is entering an era of...

Armenia violates fresh cease-fire with Azerbaijan

The Armenian army violated a new temporary humanitarian cease-fire with Azerbaijan just after it went into effect on Monday. “On Oct. 26 at 08.05, the Armenian armed forces violated the new humanitarian cease-fire and shelled units of the Azerbaijani Army located in the Safiyan village of...