An employee looks out over the  petroleum cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Nizhny Novgorod, Russia. Crude slumped 18 percent last month as Opec maintained its output quot. Photograph: Andrey Rudakov/Bloomberg

Saudi Arabia and the United Arab Emirates have blamed the rout in oil prices on producers outside Opec and reaffirmed their stance to hold output at c(...)

A worker collecting a crude oil sample. The oil price slide from $115 a barrel six months ago has come amid relentless US shale oil production and output from Opec countries that has exceeded targets

Oil’s fall below $60 a barrel to five-and-a-half year lows gathered pace on Tuesday after data showed Chinese factory activity had weakened. ICE Janua(...)

Russia’s Prime Minister Dmitry Medvedev (right) chairs a meeting with top central bank and government officials   outside Moscow. Photograph:  Yekaterina Shtukina/RIA Novosti/Reuters

Russia is braced for more financial turmoil after a major interest rate hike failed to stop a sharp slide in the value of the rouble, and plunging oi(...)

The Russian rouble dropped to an all-time low despite a surprise Bank of Russia decision to take its key interest rate to 17 per cent from 10.5 per cent. (Photograph: Maxim Shipenkov/EPA) 1:13

The rouble fell to a record as Russia’s attempt to defuse a crisis with the largest interest-rate increase since 1998 failed to revive confidence in t(...)

Brent oil for January delivery was at $59.75 a barrel at 0750 GMT, down $1.31 and to its lowest level since 2009. (Photograph: Brittany Sowacke/Bloomberg)

Brent crude oil prices fell over $1 per barrel and below $60 for the first time since July 2009 in early European trading on Tuesday as Chinese facto(...)

Brent for January fell to a low of $60.28 a barrel in Asian trade, down $1.57 and its lowest since July 2009

Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group Opec restated its determination not to cut output despi(...)

Aer Lingus: the national airline closed up 1.6 per cent at €1.85 while rival Ryanair continued its strong recent run, closing up 0.5 per cent at €9.457

A drop in the value of oil and gas companies sent European stocks down for a third day after OPEC said it sees demand for crude in 2015 at the weakes(...)

Organization of the Petroleum Exporting Countries forecast demand for the group’s oil will drop to 28.92 million barrels per day (bpd) in 2015, down 280,000 bpd

Global demand for Opec crude in 2015 will be less than expected and far below its current output, the group said on Wednesday, pointing to a hefty sup(...)

Chinese yuan bank notes are seen in a vendor’s cashbox at a market in Beijing. The currency is heading for its largest one-day drop since 2008 as corporates bailed out on expectations of further monetary easing. (Photograph: Kim Kyung-Hoon/Reuters)

Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled(...)

European Central Bank president Mario Draghi said it will assess the need for further stimulus early next year. Photograph: Markku Ojala/EPA

European stocks fell after European Central Bank president Mario Draghi said it will assess the need for further stimulus early next year, putting (...)