The El Sharara oilfield in Libya, which is out of commission. Photograph: Ismail Zitouny/Reuters

Oil prices fell more than 4 per cent on Tuesday as planned production curbs by global producers, led by Saudi Arabia and Russia, failed to allay conce(...)

Workers change a pipe on the Laurus oil drilling rig off the coast of Ciudad del Carmen in Mexico. Photograph: Susana Gonzalez/Bloomberg

Oil prices slid further below the $50 a barrel mark yesterday to a near six-year low amid concerns of a bigger oil surplus in the coming months.ICE Fe(...)

Oil prices have dropped roughly 30 per cent since June and predictions for the OPEC meeting range from a large output cut to no action at all

Brent crude oil fell towards $78 a barrel after Saudi Arabia’s oil minister said the market “will stabilise itself eventually”, ahead of a key OPEC m(...)

Smoke rises from the Baiji oil refinery during the clashes between the fighters of jihadist Islamic State in Iraq and the Levant (ISIL) and Iraqi forces in Baiji city, northern Iraq. Photograph: EPA

Brent crude oil slipped below $105 a barrel today as US intervention in Iraq eased concerns over the risk of disruption to supply from Opec’s second-l(...)