Photograph: Frederic J Brown/AFP via Getty Images

The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented glob(...)

Photograph: iStock

The telephone lines have been ringing at Adler Tank Rentals in Texas as oil companies found a new use for steel tanks that had been left idle when sha(...)

Jacob Zuma, former president of South Africa. Photograph: Rogan Ward/File Photo/Reuters

A Dublin-based oil and gas company has been drawn into a massive corruption scandal in South Africa by a whistleblower testifying at a commission of i(...)

Dozens of protesters demonstrate against the Iranian regime and in support of the Iranian anti government demonstrators near the Iranian embassy in Paris, France. Photograph: Etienne Laurent/EPA

Oil prices on Thursday hit their highest in more than two and a half years, boosted by tensions in key producer Iran and by ongoing Opec-led output cu(...)

Saudi Arabia’s Energy Minister Khalid al-Falih said on Wednesday the focus remained on reducing oil stocks in industrialised countries. Photograph: Faisal Al Nasser/Reuters

Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia said it was determined t(...)

Brent crude futures were trading at $52.08 per barrel early on Friday, up 5 cents from their previous close. Photograph: iStock

Oil prices edged up on Friday, pushed by a tighter US fuel market and as technical indicators attracted buying from financial players. Following a di(...)

BP’s Valhall platform in the Norwegian North Sea. BP is to cut 4,000 jobs globally, with some 600 jobs to be lost on the North Sea. Photograph: EPA/BP

Oil prices tumbled to close to $30 a barrel yesterday, extending a savage new year sell-off as BP axed thousands of jobs and Brazil’s Petrobras cut te(...)

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 remain steady today as Saudi-led coalition warplanes continued bombing Yemen. Photographer: Bloomberg

Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising US crude inventories due to still-robust shale productio(...)

Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s efforts to at least maintain its oil output at more than 10 million barrels per day.  Photograph: Fabrice Dimier/Bloomberg

French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the webs(...)

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