Policemen and soldiers survey earthquake damage in  the Tarqui area of Manta, Ecuador on April 23rd, 2016. Photograph: Rodrigo Buendia/AFP/Getty Images

The death toll from Ecuador’s devastating 7.8 magnitude earthquake last week has risen to 654 people, according to the country’s emergency management (...)

End of strike revived bearish mood brought on by failure of major producers to agree to freeze output

Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation’s crude output by around half, with worries(...)

Destruction from a powerful 7.8-magnitude quake in Manta, Ecuador. Photograph: AFP/Getty Images

The death toll from Ecuador’s biggest earthquake in decades rose to 350 on Monday as traumatised survivors rested amid the rubble of their homes and r(...)

An oil-rig is pictured amongst vessels moored along a row of shipyards northwest of Waterfront City on Batam island, in Indonesia’s Riau Islands Province

Oil prices slid on Monday after a meeting between major producing nations on a proposed output freeze fell apart, leaving the world grappling with an (...)

Tumbling crude oil futures knocked Asian shares on Monday after producers’ weekend talks failed to agree a plan to curb the global supply glut, while Tokyo stocks slumped as investors assessed the impact of a devastating earthquake in southwestern Japan. (Photograph: Toru Hanai/Reuters)

Tumbling crude oil futures knocked Asian shares on Monday after producers’ talks failed to agree on a plan to curb the global supply glut, while Toky(...)

Saudi Arabia’s minister of oil and mineral resources Ali al-Naimi (centre) arrives for the Opec meeting in the Qatari capital Doha. Photograph: Karim Jaafar/AFP/Getty Images

A deal to freeze oil output by Opec and non-Opec producers fell apart yesterday after Saudi Arabia demanded that Iran join in despite calls on Riyadh(...)

People stand on the debris of a building after an earthquake struck off the Pacific coast in Manta, Ecuador on Saturday. Photograph: Reuters

The strongest earthquake to hit Ecuador in decades has flattened buildings and buckled roads along the country’s Pacific coast, killing hundreds of pe(...)

Asian stocks rose to their highest levels in more than four months on Thursday.

Asian stocks rose to their highest levels in more than four months on Thursday and regional currencies weakened led by the Singapore dollar as hopes g(...)

Oil prices have collapsed from above $100 in mid-2014 due to oversupply

Oil rose on Tuesday to close to $44 a barrel, its highest level so far in 2016, supported by hopes that a meeting of oil producers will agree steps t(...)

Oil has rebounded after falling to the lowest in more than 12 years amid signs that a global glut will ease as US output declines

Oil halted gains after the biggest jump in almost two months as Iraq said it raised output to a record ahead of talks between the world’s largest prod(...)