The Organisation of the Petroleum Exporting Countries (OPEC) reinforced the view of healthy demand.

Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United St(...)

Photograph: iStock

Oil prices were steady on Tuesday, sitting on losses of nearly 3 per cent from the previous session as supplies began to resume in Norway, the US Gulf(...)

Global oil prices have crashed after the coronavirus pandemic reduced demand. Photograph: Jane Barlow/PA Wire

Oil prices slumped again on Tuesday amid concern about dwindling capacity to store crude worldwide, heightened by fears that fuel demand may be slow t(...)

Photograph: iStock

The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when sha(...)

Traders at the New York Stock Exchange. Photograph: Johannes Eisele/AFP via Getty

European shares closed lower on Thursday as a warning from German carmaker Daimler and weak economic data from major economies added to concerns about(...)

Iraqi policemen throw sand to put out tyres that  protesters had set ablaze at the main entrance to the giant Zubair oilfield near Basra, Iraq, Tuesday. Photograph: Essam al-Sudani/Reuters

Iraqi police wielded batons and rubber hoses to disperse about 250 protesters gathered at the main entrance to the Zubair oilfield near Basra on Tues(...)

 An oil pump is seen operating in the Permian Basin near Midland, Texas, US . Photograph: Ernest Scheyder/Reuters

Oil prices rose by more than 1 per cent in early Asian trading on Friday, pushed up by uncertainty over whether Opec would manage to agree a productio(...)

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(...)

If the January level of oil production is maintained, the output reductions combined with strong demand should help ease the record stock overhang in the next six months by some 600,000 bpd. Photograph: iStock

Global oil output plunged in January as Opec and non-Opec producers curbed supply to accelerate a market rebalancing following one of the largest oil (...)

The AA’s most recent fuel price index shows  the average price of a litre of petrol rose by 4.9 cent and diesel by 5 cent in just one month. Photograph: Anthony Devlin/AFP/Getty Images

This time last year things were looking up for Irish consumers. The austerity policies of the preceding eight years had been somewhat relaxed as we he(...)

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