Iran plans to raise output by half a million to 1 million barrels per day post lifting of sanctions

Oil prices eased on Monday after data showed some of Asia’s largest economies are struggling, which offset a boost from a breakdown in diplomatic ties(...)

Iran hopes to ramp up oil exports following expected removal of sanctions after deal on its alleged nuclear weapons development programme

Oil prices jumped in early trading of its first session in the New Year as relations between major crude producers Saudi Arabia and Iran deteriorated,(...)

Opec raised its forecast for tight oil output to 5.19 million bpd in 2020, up from 4.50 million bpd in its 2014 report

Oil prices rose on Wednesday, underpinned by an unexpected fall in US crude inventories but were still close to multi-year lows as supplies remained a(...)

Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014. Photo: Bloomberg

Crude oil futures fell for a seventh straight session on Monday, their longest losing streak since mid-2014, as a forecast from the International Ener(...)

Equity investors were wary ahead of a bevy of Chinese data which are expected to show a still sluggish economy. (Photograph: William Hong/Reuters)

Asian share markets turned mixed on Monday as caution grew ahead of Chinese data, though sentiment stayed supported by hopes the US economy would be (...)

Labourers work at a refinery in Jingmen, in central China’s Hubei province.

Oil prices fell on Friday after Goldman Sachs cut its crude forecasts, citing global over-supply and concerns over the health of the Chinese economy, (...)

Oil prices are now around half their levels of a year ago

The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from Nort(...)

US crude for July was down 99 cents at $59.46

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs(...)

BP has warned that plans to streamline its business will cost it $1 billion over the next year. The move to simplify the business comes with the price of oil now down 40 per cent below its level last year.  Photograph: Andy Buchanan/ WPA Pool/Getty Images

Oil prices have steadied below $49 a barrel after a volatile day with North Sea Brent and US crude oil dipping towards near six-year lows as another(...)

Oil markets have been heavily oversupplied this year due to increasing output from US shale and  lower-than-expected consumption

Brent crude fell to a 5½-year low of less than $57 (€47) a barrel yesterday as a global supply glut outweighed lost supply from Libya where battling (...)

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