Russian President Vladimir Putin with Rosneft chief executive Igor Sechin. The head of  the state-controlled oil company told an energy conference  the world’s top producers would not give ground. Photograph: Reuters

The most powerful figure in Russia’s oil industry yesterday signalled his steadfast opposition to combining with Opec to reverse the crude price rout (...)

A worker walks on oil pipes at a refinery. Photograph: Reuters/files

Crude oil prices jumped as much as 2 per cent on Tuesday, shrugging off big drops in Japan’s stock market and eroding some of the previous session’s l(...)

Shell’s £35 billion bid for rival BG Group, which has been approved by both companies’ shareholders, is expected to become effective on February 15th and Thursday’s financial results reiterated the group’s efforts to slash costs.

Royal Dutch Shell suffered an 80 per cent slide in profits last year, as a sustained slump in oil prices battered revenues across the energy industry.(...)

Fruit importer Fyffes added 3.41 per cent to end the day at €1.396

European shares fell on Tuesday as oil dropped again and investors weighed earnings from a number of companies, including BP and UBS. Dealers noted(...)

Barbie maker Mattel is to report after the US market closes on Monday.

US stocks opened lower on Monday, starting February on a dour note as weak economic data out of China exacerbated concerns about a global slowdown and(...)

US investment bank Goldman Sachs said it expected production to decline by 95,000 barrels per day in 2016

Oil prices fell 3 per cent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the (...)

 President Nicolás Maduro: The opposition  fears he  will  bypass the assembly’s decision by having the decree powers confirmed by the country’s top court. Photograph: EPA

Venezuela’s opposition-controlled national assembly has rejected a decree granting emergency economic powers to president Nicolás Maduro, deepening th(...)

Oil continued to fall, dipping towards 12-year lows, as concerns persisted over excess supply and slowing demand. Oil futures dropped to their lowes(...)

Iranian president Hassan Rouhani at the parliament in Tehran to present the draft budget for the next fiscal year. Photograph: Reuters

Iran’s president promised a flood of investment as Iranians celebrated the lifting of sanctions that have left the country outside the global economy(...)

BP’s Valhall platform in the Norwegian North Sea. BP is to cut 4,000 jobs globally, with some 600 jobs to be lost on the North Sea. Photograph: EPA/BP

Oil prices tumbled to close to $30 a barrel yesterday, extending a savage new year sell-off as BP axed thousands of jobs and Brazil’s Petrobras cut te(...)