The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, more than three times a projection it made Continue Reading
The Latest on the Coronavirus “We do have an evolution happening in the spread of this virus,” said Brad Hazzard, the health minister for New South Wales state, which includes Continue Reading
Only 6.2 million light-duty vehicles were sold worldwide in January—the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a data and analytics company. Continue Reading
OPEC ministers agreed among themselves that oil production should be cut by 1.5 million barrels a day to offset the huge demand hit from the coronavirus epidemic, gambling that they can Continue Reading
Saudi Arabia expanded a rare freeze on pilgrimages to the Muslim holy cities of Mecca and Medina by foreigners to also include Saudi citizens and residents due to concerns about Continue Reading
The Middle East oil exporters are grappling with depressed demand in their key market, China, due to the coronavirus outbreak. The economies of the Arab Gulf countries are feeling the Continue Reading
Iraq needs a positive impetus to leave behind the travails of 2019 – the widespread demonstrations, the geopolitical flare-up engendered by the assassination of Major General Soleimani in Baghdad, the Continue Reading
A spokesman for the Saudi-led coalition in Yemen announced on Wednesday that it had staved off an attack on an oil tanker in the Arabian Sea, Saudi news agency SPA Continue Reading
Mining in Libya may eventually become a more significant economic activity than oil production as the country seeks to reduce its economic dependency on oil, Libyan Economy Minister Ali Al-Issawi Continue Reading
The coronavirus outbreak sweeping through Iran has delivered a jarring blow to the senior ranks of its government, infecting about two dozen members of parliament and at least 15 other Continue Reading
