A meeting of Opec’s oil ministers took place on Thursday. Photograph: Heinz-Peter Bader/Reuters

The world’s biggest oil producers have agreed to extend a deal to curb oil production throughout 2018 to shrink swollen stockpiles and keep prices abo(...)

A Panamanian-flagged  oil tanker  anchored 14km south of Singapore. Traders are again hiring oil tankers to store unsold crude while they wait for higher prices. Photograph: Reuters

Oil prices were not far off six-month lows, held down by a supply overhang that persists despite an Opec-led effort to cut production and prop up crud(...)

A US  guided-missile destroyer launching a  strike  from the Mediterranean Sea. The  attack against al-Shayrat military airfield near Homs, Syria, caused oil prices to surge   more than 2%. Photograph: EPA

Oil prices surged more than 2 per cent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria(...)

International Brent crude oil futures trading at $54.02 a barrel on Thursday. Photograph: iStock

Oil prices stabilised on Thursday after sharp declines earlier following Wednesday’s US interest rate increase that drove investors out of commodities(...)