Photograph: iStock

Oil prices dipped on Wednesday after industry data showing a build in US crude stockpiles added to worries about oversupply, but hopes for a swift eco(...)

Coronavirus has sent the oil sector into a state of crisis, with lockdowns and travel bans slashing global demand for crude by as much as a third. Photograph: Johannes Eisele/AFP

The price of US crude oil for June delivery almost halved on Tuesday and Brent, the international benchmark, dropped below $20 per barrel for the firs(...)

Photograph: iStock

Oil prices climbed on Wednesday, bouncing back from the previous session’s large losses, as investors looked for bargains and supported by hopes that (...)

The ramp up in volumes on the  Diamond pipeline from Cushing to Memphis, Tennessee was the main reason stock draws from the key storage and pricing hub have accelerated, traders said. Photograph: Getty

US crude oil futures topped $65 (€52) a barrel for the first time since 2014 on Wednesday, with the gap between the North American benchmark and inter(...)

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(...)

According to the US Energy Information Administration, the United States has been producing more oil and natural gas than any other nation every year since 2012

The US Geological Survey (USGS) has announced the discovery of the largest deposit of oil and gas in US history. Found in west Texas, the record-bre(...)

Mourners gather around coffins of members of Iraq’s government forces who were killed in fighting with the Islamic State group (IS) in the city of Tikrit, during a funeral ceremony in Iraq’s central city of Najaf. Concern mounted over the fate of civilians in Tikrit where Iraqi forces were trying to trap Islamic State group jihadists on the third day of a huge offensive to retake the city. Photograph: AFP Photo/Getty Images

Islamic State militants have set fire to oil wells in the Ajil field east of the city of Tikrit to try to hinder aerial attacks aimed at driving them(...)

The Government has intervened in the controversy over fracking in Ireland, asking the Environmental Protection Agency to conduct a study assessing environmental impacts and risks associated with the practice. This will not be ready for at least another year. Above is a sign protesting against fracking   near Belcoo, Co Fermanagh, and Blacklion, Co Cavan. File photograph: Bryan O’Brien/The Irish Times

Estimates for how much natural gas can be recovered using hydraulic fracturing of shale rock may be wildly optimistic and could lead to a sharp declin(...)

Consumers are unlikely to benefit substantially from global drops in crude oil prices. Photograph: Nick Ansell/PA Wire

The cost of fuel on Irish forecourts is unlikely to fall significantly in the run up to Christmas although prices for crude oil on international marke(...)

US crude fell $1 a barrel to $80.84 after posting its largest fall in a single session in nearly two years on Tuesday

Brent crude fell to a fresh 47-month low on Wednesday before recovering to just above $84 a barrel as faltering global growth curbed demand for fuel a(...)

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