An oil storage facility near Minsk, Ukraine.  The Organisation of Petroleum Exporting Countries pumped more than its 30 million-barrel daily quota for the 15th consecutive month in August.   Photograph: Vasily Fedosenko/Reuters

Oil is poised for the lowest quarterly average price since the start of 2009 as industry data showed US crude stockpiles increased and Opec’s second-l(...)

Oil has fluctuated the past three weeks as concerns over slowing demand in China fueled volatility in global markets. Photograph:  Nick Ansell/PA

Oil declined for a second day on speculation that Opec will fail to stabilise prices amid a global oversupply and concern that Chinese demand growth w(...)

Crude inventories thought to have increased by 3.3 million barrels last week, before an Energy Information Administration report on Wednesday. Picture: Reuters.

Oil fell for the third time in four days before US government data forecast to show crude stockpiles expanded further from a record. Futures dropped a(...)

Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against US shale producers. Photo:  Bloomberg

Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against US shale producers. Brent also sl(...)

Oil pared losses after closing at the lowest price since July 2009 as Saudi Arabia questioned the need to cut output, bolstering speculation that OPEC’s biggest producer will defend market share.  Photo: Bloomberg

Oil pared losses after closing at the lowest price since July 2009 as Saudi Arabia questioned the need to cut output, bolstering speculation that OPEC(...)

European Central Bank president Mario Draghi said it will assess the need for further stimulus early next year. Photograph: Markku Ojala/EPA

European stocks fell after European Central Bank president Mario Draghi said it will assess the need for further stimulus early next year, putting (...)

Oil prices are now languishing at less than $80 a barrel mark, around 30 per cent below a peak they hit in June and from which they have fallen with i(...)

Oil slid to a four-year low amid concern Opec won’t agree to cut output. Photo: Bloomberg

Gulf oil producers led by Saudi Arabia are expected to press the case ofor not yet cutting Opec output, despite calls from several members of the grou(...)

The Property Services Regulatory Authority has received hundreds of complaints from house hunters about unlicensed staff, gazumping and fake bids. Photograph: Frank Miller

The State’s new property regulator is to begin a major crackdown on rogue estate agents and auctioneers, according to the Sunday Business Post. The Pr(...)

Saudi Arabia’s King Abdullah bin Abdulaziz al-Saud. The hereditary monarchy ruled by him is the site of the Muslim world’s two most sacred cities, Mecca and Medina. Photograph: Brendan Smialowski/Reuters

Founded by Abdel Aziz Ibn Saud in 1932, the deeply conservative tribal kingdom of oil-rich Saudi Arabia occupies most of the Arabian peninsula and dom(...)

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