Oil prices remain steady today as Saudi-led coalition warplanes continued bombing Yemen. Photographer: Bloomberg

Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising US crude inventories due to still-robust shale productio(...)

Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s efforts to at least maintain its oil output at more than 10 million barrels per day.  Photograph: Fabrice Dimier/Bloomberg

French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the webs(...)

The resumption of oil production at Libya’s El Sharara field has also weighed on prices. Photograph: Shawn Baldwin/Bloomberg

Brent crude edged down towards $106 a barrel today as the prospect of a rise in Iranian oil exports weighed, while investors looked ahead to weekly oi(...)

The Marathon Oil   refinery in Garyville, Louisiana. Brent crude fell below $108 a barrel this morning  on worries a shutdown of the US government may crimp oil demand. Photo: Bloomberg

Brent crude fell below $108 a barrel this morning to trade near a 7-week low on worries a shutdown of the US government may crimp oil demand.The US go(...)

A Syncrude Canada Ltd oil refinery in Fort McMurray, Alberta. Oil prices are on track for their biggest monthly gain in a year. Photograph: Brent Lewin/Bloomberg.

Brent crude oil slipped below $115 a barrel today as fears over supply disruptions in the Middle East eased after Britain said it will not join any mi(...)

Oil prices on both sides of the Atlantic have risen today, with the US benchmark climbing to a 14-month high near $105 per barrel. Photograph:  Oleg Nikishin/Getty Images.

Oil prices on both sides of the Atlantic have risen today, with the US benchmark climbing to a 14-month high near $105 per barrel, buoyed by a bigger(...)