Opec

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Muhammad Ali  knocking out George Foreman during the so-called Rumble in the Jungle in Kinshasa, Zaire on  October 30th, 1974. China is now throwing its investment hat in the African ring. Photograph: The Ring Magazine/Getty Images

Remember the Rumble in the Jungle? The 1974 Muhammad Ali versus George Foreman fight in Zaire was one of the biggest upsets in sporting history. Ali w(...)

Mohammad Barkindo, secretary general of the Organization of Petroleum Exporting Countries (Opec), speaks at a news conference following the 176th Opec meeting in Vienna, Austria, on Monday. Photograph: Stefan Wermuth/Bloomberg

Oil gained on Tuesday as producer club Opec agreed to extend supply cuts until next March, although prices were pressured by worries demand could ease(...)

Two oil tankers near the strategic Strait of Hormuz have been reportedly attacked. Photograph: IRIB News Agency via AP

Opec said that international trade tensions are hurting demand for oil, slashing its estimates for consumption earlier in the year and predicting furt(...)

A helicopter hovers with an oil tanker in the background as the USS John C Stennis makes its way to the Gulf through the Strait of Hormuz, December 21st, 2018. File photograph: Hamad I Mohammed/Reuters

Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates and described it as an att(...)

 Venezuela’s president, Nicolás Maduro, (C) with defence minister Vladimir Padrino (left) and members of the military  in Caracas, on Thursday. Photograph: Miraflores press office handout/AFP/Getty Images

Venezuela’s leadership made a show of unity with top military chiefs on Thursday and a court issued an arrest warrant for an opposition figure as the (...)

Venezuelan opposition leader Juan Guaidó shakes hands with a military member near the Generalisimo Francisco de Miranda Airbase La Carlota, in Caracas, Venezuela. Photograph: Carlos Garcia Rawlins/Reuters

  Venezuelan opposition leader Juan Guaidó has taken to the streets to issue a bold call for a nationwide uprising to oust Nicolás Maduro, count(...)

Members of rebel commander Khalifa Hafter’s Libyan National Army head out of Benghazi to reinforce troops advancing towards Tripoli, on April 7th. Photograph: Esam Omran Al-Fetori/Reuters

The UN envoy for Libya has made his strongest attack yet on the military strongman Khalifa Haftar as his forces intensify their assault on the capital(...)

An Anadarko installation  in the Gulf of Mexico. Photograph: EPA

Oil and gas producer Occidental Petroleum on Wednesday made a $57 billion (€50.9 billion) bid for Anadarko, topping Chevron’s $50 billion offer and se(...)

A gas flare on an oil production platform beside a national flag in Iran: exports have fallen to a million barrels per day. Photograph: Raheb Homavandi

Saudi Arabia and Abu Dhabi expect to benefit from the Trump administration’s decision to end waivers that permit key consumers – among them India, Chi(...)

Mike Pompeo, US secretary of state. Photographer: Alex Wroblewski/Bloomberg

Oil extended gains after leaping to a six-month high on Monday as the US said it’ll no longer give any buyer of Iranian crude a waiver from sanctions (...)

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