A slide in oil and commodity prices has weighed on smaller energy producers, primarily in the US, as big Opec producers continue pumping crude to maintain market share. (Photograph: YASUYOSHI CHIBAYASUYOSHI CHIBA/AFP/Getty Images)
Global debt defaults near milestone

Global debt markets are on the cusp of an unwelcome development with the number of companies defaulting on their obligations set to reach the century(...)

CRH gained 1.07%  to close at €27.39 after more than 880,000 of its shares changed hands in Dublin

European stocks declined as commodity producers slid on a stronger dollar, with healthcare and leisure-related shares also falling. DUBLIN Index hea(...)

 Crude futures plunged on Monday, with US oil dropping more than 3 per cent. Photo: Bloomberg

Crude futures plunged on Monday, with US oil dropping more than 3 per cent on a firmer US dollar and festering worries over a global supply surplus. T(...)

Crude inventories have continued to rise at more than 1 million barrels a day, with storage tanks filling quickly and lines of ships forming at key ports

Oil inventories have swelled to the highest level on record as crude producers intensify the battle for market share, putting unprecedented strain on (...)

 Iran, Algeria and Iraq are among the OPEC countries most hurt by a drop in oil prices. (Photo by Oleg Nikishin/Getty Images)

Internal OPEC squabbles are on the rise as members argue about the need to support a fair oil price and boost revenues just as they feel more pain fro(...)

Siteserv, which is to be rebranded, was sold to Denis O’Brien by IBRC. Photograph: Matt Kavanagh

Mortgage transfer Specialist loan-servicing firm Certus will cease trading next year with the loss of about 320 jobs, according to the Sunday Times. T(...)

Brent crude slipped 12 per cent this year and tumbled 44 per cent in the last 12 months. Photograph: Reuters.

Global demand for crude is growing while non-OPEC countries are producing less of it, helping to bring the supply and demand for oil back into equilib(...)

The gains have come as Russia’s military intervention in the Syrian conflict has added a new and uncertain dimension to tensions in the Middle East. Photograph: China Newsphoto/Reuters

Oil prices are on course for one of the biggest weekly gains in six years as rising geopolitical tensions and signs of slowing output brought buyers b(...)

Labourers work at a refinery in Jingmen, in central China’s Hubei province.

Oil prices fell on Friday after Goldman Sachs cut its crude forecasts, citing global over-supply and concerns over the health of the Chinese economy, (...)

Crude prices dropped about 50% over the past 12 months. Photograph: Getty Images

AP Moeller-Maersk’s oil unit cut $1 billion off its annual budget for capital expenditure after petroleum prices plunged. Maersk Oil plans long-(...)