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 (...)

Brent crude fell towards $59 a barrel on Monday as a promising US jobs report pushed the dollar up. Photo: Bloomberg

Brent crude fell towards $59 a barrel on Monday as a promising US jobs report pushed the dollar up, offsetting geopolitical tensions and the threat of(...)

Brent for January fell to a low of $60.28 a barrel in Asian trade, down $1.57 and its lowest since July 2009

Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group Opec restated its determination not to cut output despi(...)