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(...)

Equity investors were wary ahead of a bevy of Chinese data which are expected to show a still sluggish economy. (Photograph: William Hong/Reuters)

Asian share markets turned mixed on Monday as caution grew ahead of Chinese data, though sentiment stayed supported by hopes the US economy would be (...)

Labourers work at a refinery in Jingmen, in central China’s Hubei province.

Oil prices fell on Friday after Goldman Sachs cut its crude forecasts, citing global over-supply and concerns over the health of the Chinese economy, (...)

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(...)

US crude for July was down 99 cents at $59.46

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs(...)