The number of oil rigs drilling in the United States has risen to 381, the highest number since March.

Oil prices rose on Monday, lifted by reports of renewed talks by some members of the Organisation of the Petroleum Exporting Countries (Opec) to restr(...)

Japan’s Nikkei stock index slipped 0.5 per cent after rallying 1.4 per cent in the previous session. It is up 2.9 per cent for May, thanks to a tailwind from a weaker yen. (Photograph:  KAZUHIRO NOGIKAZUHIRO NOGI/AFP/Getty Images)

Asian shares recovered from a wobbly start on Tuesday, but remained on track for a monthly loss, while the dollar edged away from recent peaks scaled(...)

Oil refinery in Basra, Iraq: global benchmark Brent crude oil went as high as $50.71, the highest in nearly seven months. Photograph: Essam Al-Sudani/Reuters

Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global glut that has plagued the market for nearly tw(...)

The setting sun illuminates a huge plume of smoke from wildfires burning in the distance rising over Fort McMurray, Alberta, Canada. Photograph: Darryl Dyck/Bloomberg

Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating fighting in Libya threatened the North Afr(...)

Rigging the market: The price of Brent crude oil rallied on Tuesday to $44.70 a barrel, its highest level this year, on reports that Saudi Arabia and Russia had struck a deal on production restrictions. Photograph: Getty/iStockphoto

Shares in Tullow Oil soared in Dublin yesterday on mounting hopes a meeting of oil superpowers this weekend may result in a production freeze in a (...)

Oil prices have collapsed from above $100 in mid-2014 due to oversupply

Oil rose on Tuesday to close to $44 a barrel, its highest level so far in 2016, supported by hopes that a meeting of oil producers will agree steps t(...)

Oil rose above $41 a barrel on Thursday, bolstered by a plan among some of the world’s biggest producers to meet next month to discuss supporting the market.

Oil rose above $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world’s biggest producers to meet next mo(...)

 Photograph: Yuriko Nakao/Bloomberg

A halt in this week’s rally in oil prices held back European stocks and pushed German Bund yields below 0.20 per cent as worries about the global econ(...)

China stocks plunged more than 6 per cent on Tuesday after yet another late bout of panic selling triggered by a resumed slide in global equity markets and oil prices. (Photogaph: REUTERS/China Daily)

Crude futures dropped below $30 a barrel on Tuesday, extending the previous day’s losses by more than 3 percent, as persistent worries about oversupp(...)

US investment bank Goldman Sachs said it expected production to decline by 95,000 barrels per day in 2016

Oil prices fell 3 per cent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the (...)

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