Photograph: iStock

Oil prices dipped on Wednesday after industry data showing a build in US crude stockpiles added to worries about oversupply, but hopes for a swift eco(...)

Oil prices have bounced back from a historic low of below zero. Photograph: iStock

Oil’s historic crash below zero looked increasingly like an aberration as the June contract rose for a fourth day in its last session of trading befor(...)

Storage has become increasingly scarce both on land and offshore as the Covid-19 outbreak has devastated petroleum demand globally. Photograph: iStock

A cluster of ships with American oil has been heading to a small terminal in Cork as buyers search for places to store crude in the wake of a global d(...)

An active oil pump jack stands in Signal Hill, California. Oil extended its recovery from Monday’s plunge below zero but remained under intense pressure from a swelling global supply glut. Photograph: Bing Guan/Bloomberg

Oil extended its recovery from Monday’s plunge below zero but remained under intense pressure from a swelling global supply glut. Futures in New York(...)

Oil production levels have remained robust even as coronavirus destroys demand, triggering a global supply glut. Photograph: Getty Images

Oil prices rebounded on Wednesday after Donald Trump stoked geopolitical tensions with an announcement that he had ordered US warships to “shoot down (...)

Photograph: iStock

The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when sha(...)

Photograph: Getty Images

Oil extended a rebound from its biggest crash in a generation as the prospect of US stimulus to shield against the fallout from the coronavirus temper(...)

Two oil tankers near the strategic Strait of Hormuz were reportedly attacked on Thursday as  the U.S. Navy rushed to assist amid heightened tensions between Washington and Tehran. Photograph: ISNA/AP

The Strait of Hormuz, sometimes described as the world’s most important oil choke point, is a gateway for almost a third of all crude oil and other pe(...)

Oil prices are being hit by ongoing uncertainty over supply cuts. Photograph: iStock

Oil extended losses below $53 a barrel as uncertainty lingers over the scale of Opec’s output cuts only hours before its official meeting, while US Pr(...)

Photograph: iStock

Oil held above $63 a barrel on cautious optimism that the market will re-balance as Opec production falls, while investors keep a wary eye on US suppl(...)

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