The U.S. dollar rose against the Saudi riyal in the forwards market on Wednesday after oil prices slumped, with Brent crude futures dropping to their lowest in more than two decades as the coronavirus pandemic caused demand to collapse. One-year dollar/riyal forwards rose as high as 264.3...

 Iran will not suffer as much as other countries from the oil price drop because it is less reliant than others on crude exports, Iranian President Hassan Rouhani said on Wednesday. The United States exited in 2018 Tehran’s nuclear deal with six powers and reimposed sanctions that...

As people across the globe stay home to stop the spread of  the new coronavirus, the air has cleaned up, albeit temporarily. Smog stopped choking New Delhi, one of the most polluted cities in the world, and India’s getting views of sights not visible in decades. Nitrogen dioxide...

Oil prices slumped again Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak. Brent crude, which fell 24 percent in the previous...