The price of oil continues to fall as a global supply glut grows. (Photograph: Brian Snyder/Reuters)

Brent oil dropped to a new four-year low below $82 a barrel on Wednesday, a fifth straight day of losses, as weak economic data from China and Europe(...)

OPEC, which produces about 40 per cent of the world’s crude oil, is due to meet in late November to discuss output targets

Brent crude fell to just above $88 a barrel on Tuesday in a well-supplied market as expectations faded that OPEC could cut output in an effort to shor(...)

Brent futures eased towards $107 a barrel today as the global supply outlook improved with more Libyan supplies expected to reach the market, a(...)

Markets from Istanbul to Sao Paulo remained under stress today despite rate hikes in Turkey and South Africa. Photograph: Yuya Shino/Reuters

Emerging market currencies slumped today even after Turkey and South Africa aggressively raised interest rates to stop capital flight, as investors br(...)

South African Mineral Resources Minister Susan Shabangu: made announcement at a briefing in Pretoria following a cabinet meeting. Photograph: Getty Images

All new oil and gas projects in South Africa will have to cede a 20 per cent free stake to the state under new legislation approved by government, min(...)

Natural gas flares are seen at an oil pump site outside of Williston, North Dakota. Photograph: Shannon Stapleton/Reuters

Brent crude oil slipped towards $107 a barrel today, weighed down by concerns over demand growth, although a weak dollar and fears about supply disrup(...)

Brent futures dropped toward $102 this morning after an unexpected jump in oil inventories in the world’s largest consumer, the United States. Photo: Bloomberg

Brent futures dropped toward $102 this morning after an unexpected jump in oil inventories in the world’s largest consumer, the United States, while p(...)

The crude benchmark fell more than 7 per cent during April, its biggest monthly decline in 11 months. Photograph: Lucy Nicholson/Reuters

Oil futures eased to near $102 a barrel today as fresh concerns over economic growth in the world’s top oil consumers, China and the United Sta(...)

Brent crude held steady  this morning trade as Chinese manufacturing data pointed to a better fuel demand outlook. REUTERS/Shannon Stapleton

Brent crude held steady above $108 (€83.48) a barrel this morning trade as Chinese manufacturing data pointed to a better fuel demand outlook i(...)

Brent futures slipped below $109 a barrel this morning on a revival of concern over demand growth in top two oil consumers China and the United(...)

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