Photograph: iStock

Oil rose above $34 a barrel following a prediction from Russia that the market may rebalance as early as next month after historic output cuts from gl(...)

Oil storage silos in Serbia. Photograph: Oliver Bunic/Bloomberg

Oil clawed back its recent heavy losses as output cuts from major producers seek to stymie an unprecedented global glut. Futures rose by almost $2 in(...)

Photograph: Getty Images

Oil extended a rebound from its biggest crash in a generation as the prospect of US stimulus to shield against the fallout from the coronavirus temper(...)

Red Cross medics measure the temperature of participants of the 178th Organization of Petroleum Exporting Countries (Opec) meeting in Vienna, Austria. Photograph: Alex Halada / AFP

Opec+ agreed on Thursday to cut output by an extra 1.5 million barrels per day in the second quarter of 2020 to support prices, but made it conditiona(...)

The price of oil has dropped  30%   in the last two months. Photograph: Getty Images

Opec and its oil producing allies reached an agreement to cut production by 1.2m barrels a day, defying Donald Trump’s calls to keep output high and (...)

Russia’s largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion roubles (€3.1 billion) on higher (...)

King Salman: Syria, Iran, oil and expanding commercial ties on the agenda. Photograph:  Bandar al-Jaloud/AFP/Getty Images

King Salman’s arrival in Moscow on Wednesday on a historic three-day official visit, the first ever by a Saudi monarch, signals the kingdom’s recognit(...)

Saudi Arabian Energy Minister Khalid al-Falih, Russian Energy Minister Alexander Novak, Kuwaiti Oil Minister Essam al-Marzouq and OPEC Secretary General Mohammad Barkindo attend a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg. (Reuters)

Oil rallied on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the rebalancing of gl(...)

Photograph: iStock

Oil headed for its highest settlement in a month as Russia signalled it is weighing an extension to Opec-led production cuts, offsetting concern risin(...)

Crude has retreated since  a 2016 high last month near $52 a barrel amid scepticism about the ability of Opec to implement a deal. Photograph: iStock

Crude held losses near $45 a barrel after US stockpiles rose and as Opec meets with Russia for informal talks without oil ministers from Iran and Iraq(...)

  • 1
  • 2
  • Next
  • Last »