The Shanghai International Automobile Industry Exhibition. Mercedes’s head of China operations said he was still positive about the country’s car market, ‘subject to some stabilisation of the stock market’. Photograph: Carlos Barria/Reuters

It has been a wearying few months for the world’s carmakers when it comes to the Chinese car market. Once touted as the cure-all saviour of the world’(...)

Venezuelan soldiers try to control the crowd queueing outside a supermarket while trying to buy staple items. An 80-year-old woman reportedly died in a scrum outside a state supermarket selling subsidised goods. Photograph: Carlos Garcia Rawlins/Reuters

An 80-year-old Venezuelan woman died, possibly from trampling, in a scrum outside a state supermarket selling subsidized goods, the opposition and med(...)

US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986. Photo: Bloomberg

US oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufac(...)

Oil prices are now around half their levels of a year ago

The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from Nort(...)

Saudi Arabia’s oil output had been 10.31 million barrels a day in April. Last month it reached 10.33 million barrels a day, according to numbers submitted by Riyadh to Opec

Saudi Arabia increased its oil production to a record level last month in an attempt to win back more customers and meet demand for its crude. Output (...)

Prices for crude oil, gasoline and diesel jumped more than 3 per cent on Tuesday as bullish investors made bets across the oil complex for another weekly fall in US stockpiles.  Photograph: Jin Lee/Bloomberg

Oil prices rose on Wednesday as US inventories were set to drop further and after the Energy Information Administration (EIA) raised its 2015 oil dem(...)

Pumping oil in Texas. Opec may increase its supply of crude at next meeting.

There’s a risk OPEC will increase its crude- production target when it meets on June 5th, extending a strategy that helped prices to slump last year, (...)

Crude oil prices recovered on Thursday after a two-day slide, although high US stocks and strong global production, along with a firm dollar, were keeping markets under pressure. Photo: Bloomberg

Crude oil prices recovered on Thursday after a two-day slide, although high US stocks and strong global production, along with a firm dollar, were kee(...)

Crude inventories thought to have increased by 3.3 million barrels last week, before an Energy Information Administration report on Wednesday. Picture: Reuters.

Oil fell for the third time in four days before US government data forecast to show crude stockpiles expanded further from a record. Futures dropped a(...)

Houthi rebels hold up their weapons during a rally against Saudi air strikes in Sanaa, capital of Yemen recently. Photograph: Khaled Abdullah/Reuters

Oil prices rose sharply last week amid concerns that fighting in the Arabian Peninsula between a Saudi-led coalition and Houthi rebels in Yemen could (...)