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Oil extends losses on supply overhang, weak outlook

Oil prices extended losses on Thursday as the industry grappled with the growing global surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook still grim despite April data showing a rise in imports into China. Brent crude LCOc1 was down by 24 cents, or 0.8%, to...

Former Iraqi intelligence chief approved as new premier

Iraq’s former spy chief was sworn in as prime minister by lawmakers early Thursday after weeks of tense political negotiations as the country faces a severe economic crisis spurred by plummeting oil prices and the coronavirus pandemic.  The majority of 255 legislators attending the...

Turkey says coronavirus pandemic 'under control'

The coronavirus pandemic is "under control" in Turkey, the country's health minister said Wednesday, but warned citizens they still need to take the necessary precautions. The number of deaths per day in Turkey has fallen in the past week, remaining under 100 within a 24-hour period since...