Technicians work to repair an oil pump at an oil field on the outskirts of Karamay in the Xinjiang region of China.Photograph: Gilles Sabrie/The New York Times

Brent oil has fallen to a five-and-a-half-year low under $57 per barrel, as persistent worries about a global supply glut offset concerns about output(...)

The price of oil continues to fall as a global supply glut grows. (Photograph: Brian Snyder/Reuters)

Brent oil dropped to a new four-year low below $82 a barrel on Wednesday, a fifth straight day of losses, as weak economic data from China and Europe(...)

US crude fell $1 a barrel to $80.84 after posting its largest fall in a single session in nearly two years on Tuesday

Brent crude fell to a fresh 47-month low on Wednesday before recovering to just above $84 a barrel as faltering global growth curbed demand for fuel a(...)

OPEC, which produces about 40 per cent of the world’s crude oil, is due to meet in late November to discuss output targets

Brent crude fell to just above $88 a barrel on Tuesday in a well-supplied market as expectations faded that OPEC could cut output in an effort to shor(...)

Geopolitical tensions could still provide some support to oil prices, but conflicts in the Middle East, North Africa and Ukraine have so far had only limited impact on crude output

Oil prices fell below $91 a barrel on Wednesday to their lowest since June 2012, holding to a months-long tumble in prices as lower economic growth fo(...)

A member from the oil police force stands guard at Zubair oilfield in Basra, southeast of Baghdad. Photograph: Essam Al-Sudani/Reuters

Brent crude held above $114 a barrel today near a nine-month high, supported by concerns about potential supply disruptions due to fighting in Iraq. B(...)

The resumption of oil production at Libya’s El Sharara field has also weighed on prices. Photograph: Shawn Baldwin/Bloomberg

Brent crude edged down towards $106 a barrel today as the prospect of a rise in Iranian oil exports weighed, while investors looked ahead to weekly oi(...)

Bono criticised the US oil lobby for killing a bill that would have forced greater transparency: “You can’t give alms to the poor on one level and have your hands on their throat on the other.” Photograph: Ramin Talaie/Getty Images

It was an impression of which any great impersonator would be proud. Bono nailed Bill Clinton’s southern drawl when he took advantage of a delay at(...)

Oil prices have come tumbling down over the past month as supply has improved, with Libya ramping up output, while tensions over Syria and Iran eased.  Photograph: Shawn Baldwin/Bloomberg

Brent crude extended losses below $108 a barrel today on concerns the US government shutdown would reduce demand for commodities, while expectations t(...)

Brent crude edged up to near $111 a barrel this morning as rising tensions in Syria raised the prospect of more military action in the Middle East.

Brent crude edged up to near $111 a barrel this morning as rising tensions over a suspected chemical weapons attack in Syria raised the prospect of mo(...)