oil price

King Salaman of Saudia Arabia Reinstates Bonuses and Special Allowances for Public Sector

King Salman of Saudi Arabia has reinstated bonuses and special allowances for civil servants and military personnel that had been…

8 years ago

Oil Price Surges Ahead of Vienna OPEC Meeting

Oil price has surged after reports that OPEC members have agreed some details of a production cut. Oil prices rose…

8 years ago

Oil Price Climbs 3% After Russia and Saudi Arabia Agreement

Oil price has climbed by about 3% after Russia and Saudi Arabia reached an agreement to look for ways to…

8 years ago

Halliburton and Baker Hughes Call Off Proposed Merger

Halliburton and Baker Hughes have abandoned their proposed merger after resistance from regulators in the US and Europe. The deal…

9 years ago

Oil Prices Drop Sharply After Qatar Meeting

Oil prices have dropped sharply after a meeting of oil producers in Qatar failed to agree a cap on output.…

9 years ago

Oil Price Reaches $40 a Barrel for First Time in 2016

Oil price has reached $40 a barrel for the first time this year as commodities continue to rally. Brent crude…

9 years ago

Oil Prices Surge as OPEC Nations Plan to Cut Production

Oil prices soared as much as 12% on February 12 after new suggestions that OPEC nations were set to cut…

9 years ago

Shell Cuts 10,000 Jobs on Falling Profits

Shell has confirmed it would cut 10,000 jobs after a sharp fall in its annual profits. The Royal Dutch Shell…

9 years ago

Asian Stock Markets Trade Lower as Oil Prices Fall Again

Asian stock markets were trading largely lower on February 2 following a lackluster lead from the US overnight and as…

9 years ago

Europe Shares Cut Losses as Oil Price Rises Back above $30 a Barrel

Europe’s stock markets have cut their losses after oil rose back above $30 a barrel, despite another slide in Asia…

9 years ago

China Stock Market Closes Down as Investors Worry about Oil Prices

Chinese shares saw steep losses in late trade on January 26 as investors worried about oil prices, and despite an…

9 years ago

Oil Price Falls Again amid OPEC Calls for Co-Operation in Tackling Oversupply

Oil prices fell again on January 25, eroding last week's gains, as OPEC called for co-operation from oil-producing nations outside…

9 years ago

Russia Economy Contracted by 3.7% in 2015

According to preliminary figures published by Russia's statistics service, the country’s economy contracted by 3.7% in 2015. Retail sales plunged…

9 years ago

Schlumberger Cuts 10,000 Jobs on Oil Price Fall

Schlumberger has cut 10,000 jobs in Q4 of 2015 amid the plunge in oil prices. News of the near-10% jobs…

9 years ago

Stock Markets Tumble as Oil Prices Continue to Fall

Global stock markets have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact…

9 years ago

Global Oil Price Drops below $28 a Barrel

Oil prices have fallen below $28 a barrel amid fears the lifting of international sanctions on Iran could worsen the…

9 years ago

Saudi Arabia Cuts State Spending After Oil Price Collapse

Saudi Arabia government has decided to cut spending and delay some state projects after the recent decline in the price…

9 years ago

Ruble crisis: Russian currency regains some ground from all-time low

The Russian ruble has regained some ground from yesterday's all-time low, although trading remains edgy and volatile. The currency opened…

10 years ago

Russian ruble crisis continues despite central bank’s decision to raise interest rates to 17%

The Russian ruble went into free-fall in December 16 trading, falling repeatedly to hit record lows, despite the central bank's…

10 years ago

Russian government warns about recession in Q1 2015

Russia’s economy will fall into recession in 2015 as Western sanctions, in response to the country’s role in eastern Ukraine,…

10 years ago

Oil price falls at four-year low

Brent crude oil price has fallen at a four-year low, from $3.60 or 4.4% to $77.52. The benchmark US crude…

10 years ago

Iran deal: Global oil prices drop and European shares rise

Global oil prices dropped and European shares rose in early trading Monday morning after Iran agreed a deal to curb…

11 years ago

Oil prices rise for the eight session in a row after Fed move

Oil prices rose for the eighth session in a row, with Brent crude trading near a four-month high, boosted by…

12 years ago