Image by Oli Hale from Pixabay London’s FTSE 100 index is facing its worst day since the financial crisis after…
More than 4 billion metric tonnes of oil is produced annually. But as big as the oil and gas industry is, there…
President Donald Trump has urged Saudi Arabia to increase its oil production to combat the rising cost of fuel. He…
Oil prices have dropped further, adding to near 5% losses seen on May 4, as concerns about a worldwide supply…
BP’s profits double in Q4 of 2016 on the back of slightly higher oil prices and more cost-cutting. Underlying replacement…
Oil price has surged after reports that OPEC members have agreed some details of a production cut. Oil prices rose…
Brent crude oil rose almost 6% to nearly $49 a barrel after Opec has agreed a preliminary deal to cut…
Low crude oil prices and weak refining margins have hit ExxonMobil and rival Chevron’s profits in Q1 of 2016. ExxonMobil…
Oil prices have dropped sharply after a meeting of oil producers in Qatar failed to agree a cap on output.…
Oil prices have plunged after Saudi Arabia said it would freeze production only if other major producers did the same.…
Asian stock markets have continued recovery, picking up on a rebound in oil prices and a strong lead from the…
Europe’s stock markets have opened slightly higher 24 hours after global turmoil saw billions wiped off the value of shares.…
Oil prices fell below $30 a barrel on international markets for the first time since April 2004, before recovering again.…
Oil prices will recover to $70 a barrel by 2020, oil producers’ group OPEC has said. Prices have fallen from…
Oil prices and stock markets around the world have seen further falls, sparked by the renewed fears over the health…
Oil prices have reached a four-and-a-half month high on April 27 amid concerns over disruption to supplies from the Middle…
Oil prices will rise further, say industry leaders at the World Economic Forum on East Asia in Indonesia. Industry leaders…
Oil prices rose by almost 6% after Saudi Arabia and its allies launched air strikes on Houthi rebel targets in…
Oil prices rallied on February 2 as investors speculated that the falling cost of crude may have ended. Brent crude…
Brent crude oil price has fallen below $59 a barrel for the first time since May 2009. After dropping below…
The Russian ruble has fallen to a new low against the US dollar, as falling oil prices and Western sanctions…
Oil prices have fallen further after the International Energy Agency (IEA) forecast weaker demand in 2015. The IEA, a consultancy…
Oil prices plunged after the OPEC oil producers' cartel decided not to cut output at its meeting in Vienna. OPEC's…
Global oil prices have reached their lowest level in nine months, despite fears that conflicts in Ukraine and Iraq would…
Oil prices are close to a nine-month high due Iraq crisis. Brent crude fell 27 cents to $114.79 a barrel,…