Oil plunged from a ninety-day high after the U.S. dollar surged, halting investor appetite for commodities. Futures pulled back as the Bloomberg Dollar Spot Index rose from the lowest...
Oil prices jumped on Monday, extending a rally that has lifted crude benchmarks by more than a third from this year’s lows, as tightening supply and...
Oil is gradually pulling away from the market’s lowest level in almost a decade, after U.S. data showed oil production fell to its lowest level since...
Oil tumbled after the Iranian Oil Minister said that an agreement by Saudi Arabia and Russia last week for oil producers to freeze output was “ridiculous.”...
Crude prices will probably stay low for longer than expected, International Monetary Fund Managing Director Christine Lagarde said, urging Gulf Arab oil-producing countries to cut spending...
Major oil-producing nations, seeking to curb a flood of supply that’s cut prices almost in half in the past year, agreed to wrap up talks on...
As global oil prices continue to fall, proceeds from the sale of Nigeria’s crude oil and gas have dropped by N30.01bn ($150.4m) in just two month,...
Oil prices surged as much as 12% on Friday after new suggestions that Opec nations were set to cut oil production. The United Arab Emirates’ energy...
Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another global energy giant. Profit adjusted for...
Worries about Iran’s return to an already oversupplied oil market drove down global benchmark, Brent crude on Monday to as low as $27.67 per barrel, its...