Shrinking crude prices remain a challenge to Russian president Vladimir Putin.

Russia’s economy shrank for the first time in five months as declines in oil prices rippled through consumption and industrial output, highlighting th(...)

OPEC Secretary-General Abdullah al-Badri speaks during a news conference in New Delhi, India, December 15, 2015. Global crude oil prices at seven-year lows will not continue and could swing upwards in as little as a year, Badri said on Tuesday, as the low-price cycle leads to cuts in output from some producers. (Photograph: Adnan Abidi/Reuters)

Oil prices won’t be affected by US crude exports, according to OPEC’s top official. “The net effect of export of American oil on the market is zero,”(...)

China stocks closed up more than 2 per cent on Wednesday, boosted by a late afternoon rally which helped the stock market become the best performer among major global bourses this year. (Photograph: Aly Song/Reuters)

Oil headed for the biggest annual decline since the 2008 global financial crisis as US producers and the Organization of Petroleum Exporting Countries(...)

Oil has declined 45 per cent this year, poised for the biggest drop since 2008

Oil traded above $60 a barrel in London amid the highest volatility in more than three years as Saudi Arabia, the world’s largest crude exporter, is s(...)

Brent futures fell below $106 per barrel today as key forecasters trimmed their outlook for global oil demand growth. Photo: Reuters

Brent futures edged further below $106 per barrel today as key forecasters trimmed their outlook for global oil demand growth, while an invento(...)