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(...)

International Brent crude oil futures trading at $54.02 a barrel on Thursday. Photograph: iStock

Oil prices stabilised on Thursday after sharp declines earlier following Wednesday’s US interest rate increase that drove investors out of commodities(...)

Crushing margin of prime minister Matteo Renzi’s defeat  stirred alarm among investors in Italian stock markets. Photograph: Alessandro di Meo/EPA

European markets pushed ahead on Monday, brushing aside concerns that the euro zone may be hit by a fresh bout of economic uncertainty triggered by t(...)

The Opec building in Vienna. Saudi Arabia said that Opec needed to sort out its differences.

Opec was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-Opec member Russia, with top exporter(...)

Traders had anticipated  that Opec would  mplement a production cut at its November 30th meeting in order to prop up prices. Photograph: Bloomberg

Oil prices fell in trading across Asia on Wednesday, reversing earlier gains, as doubts re-emerged over whether Opec would agree to a crude oil produ(...)

Opec’s number-two producer, Iraq, has said it would not cut output, arguing it needs the revenue to fight the Islamic State. Photograph: Getty Images/iStockphoto

Oil prices were stable on Thursday, lingering at about $50 a barrel, as doubts over the Organisation of the Petroleum Exporting Countries’s ability to(...)

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