Rigging the market: The price of Brent crude oil rallied on Tuesday to $44.70 a barrel, its highest level this year, on reports that Saudi Arabia and Russia had struck a deal on production restrictions. Photograph: Getty/iStockphoto

Shares in Tullow Oil soared in Dublin yesterday on mounting hopes a meeting of oil superpowers this weekend may result in a production freeze in a (...)

Oil prices have collapsed from above $100 in mid-2014 due to oversupply

Oil rose on Tuesday to close to $44 a barrel, its highest level so far in 2016, supported by hopes that a meeting of oil producers will agree steps t(...)

Oil rose above $41 a barrel on Thursday, bolstered by a plan among some of the world’s biggest producers to meet next month to discuss supporting the market.

Oil rose above $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world’s biggest producers to meet next mo(...)

 Photograph: Yuriko Nakao/Bloomberg

A halt in this week’s rally in oil prices held back European stocks and pushed German Bund yields below 0.20 per cent as worries about the global econ(...)

China stocks plunged more than 6 per cent on Tuesday after yet another late bout of panic selling triggered by a resumed slide in global equity markets and oil prices. (Photogaph: REUTERS/China Daily)

Crude futures dropped below $30 a barrel on Tuesday, extending the previous day’s losses by more than 3 percent, as persistent worries about oversupp(...)

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 (...)

Iran plans to raise output by half a million to 1 million barrels per day post lifting of sanctions

Oil prices eased on Monday after data showed some of Asia’s largest economies are struggling, which offset a boost from a breakdown in diplomatic ties(...)

Iran hopes to ramp up oil exports following expected removal of sanctions after deal on its alleged nuclear weapons development programme

Oil prices jumped in early trading of its first session in the New Year as relations between major crude producers Saudi Arabia and Iran deteriorated,(...)

Opec raised its forecast for tight oil output to 5.19 million bpd in 2020, up from 4.50 million bpd in its 2014 report

Oil prices rose on Wednesday, underpinned by an unexpected fall in US crude inventories but were still close to multi-year lows as supplies remained a(...)

Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014. Photo: Bloomberg

Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014, as a forecast from the International Ener(...)