Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady.

Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on glo(...)

Opec forecast demand for its oil will average 29.21 million barrels a  day this year. Photograph: Martin Rickett/PA

Oil rose for a third straight session yesterday as Opec forecast greater demand for crude this year than previously thought and projected less supply (...)

Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 (...)

Ireland is still the 14th most expensive place in the world to fill your car with petrol. Photographer: Dara Mac Dónaill / The Irish Times

The Islamic State (IS) takeover of several oil-producing areas in Iraq and the effects of the global recession on the development of alternative energ(...)

Plant manager Konstantin Rubin looks at rail tankers with base oil at Royal Dutch Shell’s lubricants blending plant in the town of Torzhok, north-west of Tver, Russia. Photograph: Sergei Karpukhin/Reuters

Brent crude held above $72 a barrel after hitting a new four year low earlier in the day after Opec decided not to cut oil output to support prices. (...)

Mario Draghi: he  said, at the European Banking Congress, that the ECB must drive inflation higher quickly, and will broaden its asset-purchase program if needed to achieve that. Photograph: Martin Leissl/Bloomberg

Without any major advance, global markets hovered at elevated levels amid continued expectation in the investment community that European Central Ban(...)

The price of oil continues to fall as a global supply glut grows. (Photograph: Brian Snyder/Reuters)

Brent oil dropped to a new four-year low below $82 a barrel on Wednesday, a fifth straight day of losses, as weak economic data from China and Europe(...)

OPEC, which produces about 40 per cent of the world’s crude oil, is due to meet in late November to discuss output targets

Brent crude fell to just above $88 a barrel on Tuesday in a well-supplied market as expectations faded that OPEC could cut output in an effort to shor(...)

Brent futures dropped toward $102 this morning after an unexpected jump in oil inventories in the world’s largest consumer, the United States. Photo: Bloomberg

Brent futures dropped toward $102 this morning after an unexpected jump in oil inventories in the world’s largest consumer, the United States, while p(...)

Oil rose above $100 a barrel today as an interest rate cut by the European Central Bank supported riskier assets, although a shaky global oil d(...)