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(...)

Anxiety over the US-China trade war is taking precedence over a supply backdrop riddled with risks.

Oil headed for its biggest weekly drop since December as the rapidly escalating trade war caused investors to reassess the outlook for global growth, (...)

Oil prices are being hit by ongoing uncertainty over supply cuts. Photograph: iStock

Oil extended losses below $53 a barrel as uncertainty lingers over the scale of Opec’s output cuts only hours before its official meeting, while US Pr(...)

US president Donald Trumpn meets with Saudi Arabia’s crown prince Mohammed bin Salman in Riyadh last year.

Oil’s poised for a seventh weekly loss after Saudi Arabia signalled its output may have reached a record, while America’s growing crude stockpiles sto(...)

Photograph: iStock

The euro dropped on mounting uncertainty about Italy’s fiscal position, and the dollar pushed higher as emerging-market currencies slid. Stocks in Asi(...)

Photograph: iStock

Oil held above $63 a barrel on cautious optimism that the market will re-balance as Opec production falls, while investors keep a wary eye on US suppl(...)

The willingness to prolong the cuts, aimed at easing a global glut, is likely to sway other countries to do the same

Oil is on its longest rising streak in more than a month as a proposal by the world’s two biggest crude producers to extend output curbs into 2018 boo(...)

Photograph: iStock

Sterling dropped on Tuesday after Britain’s parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, (...)

“There’s a recognition that even with the Opec production cuts it’s going to take some time for this large inventory overhang to be reduced to more normal levels.” Photograph: iStock

Oil fell for a third day after industry data showed US crude stockpiles surged, raising speculation rising supply from US shale producers is offsettin(...)

The most important source of growth in oil demand in the 2030s “will come from industries such as plastics and fabrics”

Oil demand growth will slow and supplies will remain abundant in the coming decades, meaning producers in the Middle East, Russia and US continue to g(...)

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