US oil output last week increased by the most since January. Photograph: iStock

Oil slipped toward $45 a barrel as investors weighed expanding US production against declining crude and gasoline stockpiles. Futures dropped as much(...)

A Panamanian-flagged  oil tanker  anchored 14km south of Singapore. Traders are again hiring oil tankers to store unsold crude while they wait for higher prices. Photograph: Reuters

Oil prices were not far off six-month lows, held down by a supply overhang that persists despite an Opec-led effort to cut production and prop up crud(...)

Traders focused on preliminary US production estimates that suggested domestic output was still climbing

Crude oil futures were largely unchanged on Thursday, with the market torn between rising US production and the output cuts being made by Opec and oth(...)

“The problem is as prices climb higher, US shale producers will pump more. The top for West Texas is probably about $55 a barrel.”  Photograph: iStock

Oil is riding its longest winning streak since December on optimism Saudi Arabia will support an extension to Opec-led output cuts just as US stockpil(...)

“There’s a recognition that even with the Opec production cuts it’s going to take some time for this large inventory overhang to be reduced to more normal levels.” Photograph: iStock

Oil fell for a third day after industry data showed US crude stockpiles surged, raising speculation rising supply from US shale producers is offsettin(...)

Iraq, which many analysts expected not to reduce supply, said on Thursday it had cut production by 160,000 barrels per day since the beginning of January. Photograph: iStock

Oil prices rose on Thursday, supported by signs that Opec is starting to cut output and expectations of strong demand growth in China. But rising US c(...)

Khalid al-Falih: Saudi Arabia’s energy minister  predicts that supply and demand will align at some point in 2017. Photograph: Reuters/Heinz-Peter Bader

The first half. No, the second. Certainly this year. Or next. That’s the range of views you’ll hear if you ask the International Energy Agency (IEA), (...)

Traders had anticipated  that Opec would  mplement a production cut at its November 30th meeting in order to prop up prices. Photograph: Bloomberg

Oil prices fell in trading across Asia on Wednesday, reversing earlier gains, as doubts re-emerged over whether Opec would agree to a crude oil produ(...)

Oil has fluctuated since August’s rally on speculation the Organisation of Petroleum Exporting Countries (Opec) and Russia will agree on ways to stabilise the market when they meet later this month. Photograph: iStock

Oil extended gains after weekly government data showed US inventories dropped to the lowest since February, trimming stockpiles at the highest seasona(...)

Both Brent and WTI were down more than 8 per cent week-to-date for their biggest decline since mid-January

Oil prices fell more than 2 per cent on Thursday, heading for their sharpest weekly loss since January, as investors brushed aside talk that Opec migh(...)

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