An oil refinery plant in Russia. Photograph: Andrey Rudakov/Bloomberg

Oil extended the longest winning streak in more than four months before Opec and other producing nations start reducing output to stabilise the market(...)

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), (...)

The National Treasury Management Agency said the bills were due to be repaid in 12 months. Photograph: Eric Luke

The State’s debt agency plans to sell €500 million of short-term debt, known as treasury bills, this week in what is expected to be its last engageme(...)

Strong  data from the US on Friday may mean  a tightening of  Federal Reserve   monetary policy. Photograph: Reuters

Global stocks, oil and the dollar eased on Friday, with investors taking a cautious stance before Italy’s referendum on constitutional reform and US p(...)

Tullow  chief executive Aidan Heavey. The company’s  shares surged as much as 13.3% in London. Photograph: Nick Bradshaw

Shares in Tullow Oil soared on Wednesday to levels not seen since July last year as a move by Opec to cut oil supply is seen helping the company as it(...)

Opec headquarters. Photograph: Getty

The Organisation of the Petroleum Exporting Countries (Opec) has agreed its first oil output cuts since 2008, a source told Reuters on Wednesday. Th(...)

BP’s chief executive Bob Dudley. BP is exploring deals in Iran.

BP has tapped Irishman Bernard Looney and four other top non-US executives to steer efforts by the oil giant to explore for business in Iran without b(...)

Crude has retreated since  a 2016 high last month near $52 a barrel amid scepticism about the ability of Opec to implement a deal. Photograph: iStock

Crude held losses near $45 a barrel after US stockpiles rose and as Opec meets with Russia for informal talks without oil ministers from Iran and Iraq(...)

 Oil had retreated for almost four weeks amid skepticism about the ability of OPEC to implement a deal at its November 30th meeting. Photograph: Andrey Rudakov/Bloomberg

Oil extended gains near $46 a barrel after its biggest surge in seven months as OPEC boosted efforts to finalise a deal to cut production agreed at a (...)

Stocks rallied in Asia and Europe after Opec’s surprise announcement. Photograph: iStock

Stocks rallied in Asia and Europe after Opec’s surprise announcement of a deal to cut crude output spurred a surge in oil late Wednesday. Energy com(...)

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