With the coronavirus choking fuel demand and the world awash in surplus crude, even the Middle East’s main oil-trading hub has run out of room to store unwanted barrels.
Terminal operators at Fujairah in the United Arab Emirates say they are turning down requests from traders and refiners to...
Oil prices rose on Monday after major producers finally agreed their biggest-ever output cut, but gains were capped amid concern that it will not be enough to head off oversupply with the coronavirus pandemic hammering demand.
After four days of wrangling, the Organization of the Petroleum...