Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.

The U.S. Energy Department is considering renting space in the nation’s emergency oil reserve to domestic producers awash in crude, according to three people familiar with the matter who asked not to be identified before a formal announcement.

Saudi Arabia showed no sign of bowing to pressure from President Donald Trump to dial back the oil-price war with Russia as the kingdom pushed crude supply to record levels.

President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of staunching an historic plunge in oil prices.

The Kurdistan Workers’ Party (PKK) has claimed responsibility for the Tuesday blast in the strategic pipeline delivering Iranian natural gas to Turkey.

Iran's Vice President for Economic Affairs Mohammad Nahavandian said many EU states back Iran's $5b loan bid from the International Monetary Fund, as the country is fighting coronavirus epidemic.

Iran's Minister of Industry, Mine and Trade Reza Rahmani informed of allocating 100,000bln Tomans (over $23bln) for the protection of the production centers harmed by the coronavirus epidemic.

Spokesperson for the Iranian Foreign Ministry has slammed the Bahraini government’s ruling against a number of Iranian banks, saying the rulings are based upon bogus charges and lack any legal credibility.

National Iranian Gas Company (NIGC) says Iranian gas exports to Turkey will resume in a few days after repairing the gas pipeline from Iran to Turkey which was hit by an explosion.

Turkish gas imports from Iran were halted due to an explosion in a natural gas pipeline inside Turkey near Iran’s Bazargan border with Turkey on Tuesday morning, National Iranian Gas Company (NIGC) said.