Energy Information Administration

Opec has been trying to cut global supply but US provides counterbalance

Output curbs by Opec, Russia have supported recent price gains

Prices weather hurricanes, Middle East conflict and tussle between Opec and US shale

Gulf Coast refiners ramp up crude processing after disruptions from Hurricane Harvey

Record flooding in Texas, cripples 4.4m daily barrels of refining capacity

Oil inventories drop by 9.2m barrels while output from Libya rebounds

Longest rally this year falters as Russia signals opposition to further Opec cuts

Rising US oil output contributing to ineffectiveness of Opec-led cuts

Concern mounts that rising US output will counter reduction by Opec

Market torn as new report suggests US production is still climbing

Futures slide despite Opec production cut as US oil output looks set to surge

Countries had agreed cuts in order to reduce the global supply glut depressing prices

‘Market has to take a lot on faith’ that producers’ agreement will reverse oversupply

Strong dollar also weighs on prices ahead of US Thanksgiving holiday

Opec move to limit production this month deemed unlikely

Biggest weekly loss of year on cards as investors ignore talk of Opec production freeze

Fuel inventories in the US, Europe and Asia are brimming despite being peak summer driving season

Global markets, including commodities, have been on tenterhooks for weeks

Crude down more than 5 per cent since hitting 2016 highs of nearly $53 a barrel

Oil has almost doubled from wintertime lows on news of unplanned supply interruptions

Oil has surged about 80 per cent since dropping to the lowest since 2003 in January

Iraq increased output 2% and exports by 18% last month

US stockpiles are expected to rise again to record levels according to analysts

US oil drops more than 3 % towards $27 a barrel on worries about global oversupply

Higher US rates support the dollar, making oil and other commodities more expensive

Fluctuations in US dollar ‘could impact crude prices’

Markets hit by worries over global demand as Chinese stocks rise

Prices also supported by increase in EIA’s 2015 oil demand growth forecast

Khalid A Al-Falih is new chairman of Saudi Arabian Oil, world’s largest crude exporter

Pentagon says Iran’s actions are ‘provocative’ as it continues to monitor situation

Brent and US crude prices spiked around 6 per cent earlier in the session but pared gains

Sales jump 13% over 2013

China stocks close up more than 2 per cent helping the stock market become the best performer among major global bourses this year

Brent oil prices dropped to under $57 per barrel - its lowest level since May 2009

Brent crude rose above $70 a barrel on Thursday but many analysts expect prices to head lower again

Price of oil likely to continue falling due to growing supply and lower demand

Glut in oil sees price of barrel drop to $82 with $80 now on horizon

Global oil benchmark has declined more than 20 per cent from high in June

But growing tension between the West and Russia over Ukraine put a floor under prices

Developing countries under pressure to follow suit to prevent investors exiting