King Salman of Saudi Arabia has reinstated bonuses and special allowances for civil servants and military personnel that had been…
Oil price has surged after reports that OPEC members have agreed some details of a production cut. Oil prices rose…
Oil price has climbed by about 3% after Russia and Saudi Arabia reached an agreement to look for ways to…
Halliburton and Baker Hughes have abandoned their proposed merger after resistance from regulators in the US and Europe. The deal…
Oil prices have dropped sharply after a meeting of oil producers in Qatar failed to agree a cap on output.…
Oil price has reached $40 a barrel for the first time this year as commodities continue to rally. Brent crude…
Oil prices soared as much as 12% on February 12 after new suggestions that OPEC nations were set to cut…
Shell has confirmed it would cut 10,000 jobs after a sharp fall in its annual profits. The Royal Dutch Shell…
Asian stock markets were trading largely lower on February 2 following a lackluster lead from the US overnight and as…
Europe’s stock markets have cut their losses after oil rose back above $30 a barrel, despite another slide in Asia…
Chinese shares saw steep losses in late trade on January 26 as investors worried about oil prices, and despite an…
Oil prices fell again on January 25, eroding last week's gains, as OPEC called for co-operation from oil-producing nations outside…
According to preliminary figures published by Russia's statistics service, the country’s economy contracted by 3.7% in 2015. Retail sales plunged…
Schlumberger has cut 10,000 jobs in Q4 of 2015 amid the plunge in oil prices. News of the near-10% jobs…
Global stock markets have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact…
Oil prices have fallen below $28 a barrel amid fears the lifting of international sanctions on Iran could worsen the…
Saudi Arabia government has decided to cut spending and delay some state projects after the recent decline in the price…
The Russian ruble has regained some ground from yesterday's all-time low, although trading remains edgy and volatile. The currency opened…
The Russian ruble went into free-fall in December 16 trading, falling repeatedly to hit record lows, despite the central bank's…
Russia’s economy will fall into recession in 2015 as Western sanctions, in response to the country’s role in eastern Ukraine,…
Brent crude oil price has fallen at a four-year low, from $3.60 or 4.4% to $77.52. The benchmark US crude…
Global oil prices dropped and European shares rose in early trading Monday morning after Iran agreed a deal to curb…
Oil prices rose for the eighth session in a row, with Brent crude trading near a four-month high, boosted by…