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(...)

The Organisation of Petroleum Exporting Countries agreed to cut production to a range of 32.5 million to 33 million barrels a day after the meeting in Algiers. Photograph: iStock

Oil held gains after the biggest advance since April as Opec agreed to reduce production for the first time in eight years, surprising traders who had(...)

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(...)

Oil futures lost as much as 0.4 per cent in New York after dropping 0.5 per cent the previous two sessions. Photograph: iStock

Oil slid for a third day as Canadian producers moved to resume output after wildfires and as the Organisation of Petroleum Exporting Countries (Opec) (...)

  Donald Trump speaking  in Bismarck, North Dakota, on Thursday. Photograph: Jonathan Ernst/Reuters

Republican presidential candidate Donald Trump said he would rescind “job-destroying” environmental actions by the Obama administration within 100 day(...)

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