According to Gazprom executives, the company has about 100 billion cubic metres of spare production capacity  , equivalent to almost a quarter of its production and about 3 per cent of world output.

With the prospect of a wave of US liquefied natural gas (LNG) supplies starting to hit the market later this year, energy investors fear the Russian s(...)

Wall Street was slightly higher in volatile trading on Thursday as a decline in biotech stocks offset gains in energy shares.

Crude oil prices rose on Thursday to their highest in three weeks on hopes for a pact among oil producers to cut output, while the dollar slipped on b(...)

A 36.6-metre (120-foot) tall gold-colored statue of former Chinese leader Mao Zedong is surrounded by farmland in Tongxu County in central China’s Henan province. According to Chinese state media, businessmen and local villagers contributed nearly 3 million yuan ($457,000) to build the cement statue. Photograph: Chinatopix via AP
Planet Business

Image of the week: The Golden Mao It’s not every day that a 36.6m (120 ft) gold-painted figure of a man gets erected in the middle of farmland in c(...)

Gold prices are on the up but may drop to about $955 in the fourth quarter and average around $1,000 over the full year according to estimates. Photograph: Bloomberg.

It’s been a scary start to 2016 for global markets and investors are responding by buying more gold than at any time in the past year. In the past fi(...)

Standard Chartered says  that oil prices could drop as low as $10 a barrel “given that no fundamental relationship is currently driving the oil market towards any equilibrium”. (Photograph: Eddie Seal/Bloomberg)

Crude oil prices continued a relentless dive early on Tuesday, falling almost 20 per cent since the beginning of the year as analysts scrambled to cu(...)

Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in US interest rates in almost a decade.

Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in US interest rates (...)

The euro slipped on Wednesday to hover just above a near 8-month low against the dollar, as long-term investors raised their bets against the single c(...)

Iran has said it will announce plans to expand output by 500,000 barrels a day

Oil pared its first weekly gain in a month as Libya sought to increase output and Russia ruled out military retaliation against Turkey for down(...)

Barclays has been hit with a $150 million (€141m) penalty for allegedly using its foreign exchange electronic trading platform to reject unprofitable (...)

President Mario Draghi has said the ECB is prepared to intervene if risks to inflation increase or financing conditions tighten

The European Central Bank is likely to keep the door open for more monetary stimulus but stop short of taking new policy steps at a meeting on Thursda(...)