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(...)

Some analysts said oil could face further downward pressure

Oil prices slumped by more than 6 per cent on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown tha(...)

Negotiations on Iran’s disputed nuclear programme are also set to have an important impact on prices during the week

Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing inv(...)

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(...)