Gatwick oil: 'World class resource' potential after drilling discovery near airport
Up to 100 billion barrels discovered but only 3% would be extractable says UKOG.
Oil prices down more than 1% as US and Saudi output poised to remain intact
Brent crude price, the global benchmark, is down 1.42% at $58.26 per barrel as at 12.30am ET.
Crude oil pricing: Opec may never regain the clout it is losing
Market analysts are declaring the cartel dead or at least ineffective since it refused to cut output amid a supply glut.
Iran nuclear deal talks bearish for crude oil prices
Negotiations with Iran could be bearish for oil prices over the next 18 months, according to BofA's Francisco Blanch.
More news
US oil imports from Opec drop to a 28-year low
A shale oil boom in the US has reduced the world's leading oil consumer's dependency on Opec crude.
M Rochan Apr 02, 2015
Goldman Sachs: US and other non-Opec nations must cut crude oil output
Goldman says Brent crude will hover at $70 a barrel by end-2015 but prices could drop to $40 during the summer months.
M Rochan Apr 02, 2015
Ukraine seals gas discount deal with Russia
Ukrainian energy minister Volodymyr Demchyshyn said the deal was a 'victory' for Kiev.
Nigel Wilson Apr 02, 2015
India: Wheat imports hit five-year high as rains damage crops
Indian mills have purchased between 70,000 and 80,000 tonnes of Australian prime wheat at $260-$265 a tonne.
M Rochan Mar 31, 2015
US oil production growth at 100-year high in 2014 due to shale boom
During 2014, US oil production increased by 1.2 million barrels per day to 8.7 million barrels per day.
Jerin Mathew Mar 31, 2015
Oil prices down as Iran nuclear deal inches closer
European Benchmark Brent oil fell to $55.50 a barrel as Iran talks resumed in Switzerland.
Nigel Wilson Mar 30, 2015
Crude oil prices gain on lower US drilling activity and escalating Yemen crisis
Hedge fund manager Pierre Andurand warns crude prices could drop to $30 amid concerns of Middle East supply disruptions.
M Rochan Mar 28, 2015
Chevron to exit Australia's Caltex with $3.6bn stake sale
Goldman Sachs has offered Chevron's 135 million Caltex shares to local and international investors on 27 March.
M Rochan Mar 27, 2015
Oil prices slide as Yemen fears recede
Crude prices fall by $1 a barrel despite Saudi-led bombing campaign in neighbouring Yemen.
Nigel Wilson Mar 27, 2015
US dollar influence on gold prices likely to diminish amid huge demand from emerging markets
World Gold Council says US centric explanations about gold prices are risky for investors.
Jerin Mathew Mar 27, 2015
Shell cuts more jobs in UK's North Sea oil industry
UK government had announced tax cuts in bid to increase investment in North Sea oil and gas.
Nigel Wilson Mar 26, 2015
Oil prices surge as Saudi planes bomb Yemen
Ships crossing from the Middle East to Europe must pass Yemeni strait of Bab el-Mandab.
Nigel Wilson Mar 26, 2015
Ukraine governor sacked after armed men storm oil company HQ
Ihor Kolomoisky removed from Dnipropetrovsk post over an oil firm dispute.
Nigel Wilson Mar 25, 2015
Isis releases two Libya oilfield hostages
Libyan Islamist militants have pledged allegiance to Isis and carried out atrocities.
Nigel Wilson Mar 25, 2015
Crude oil prices to hit $100 by end 2016: Boone Pickens
US oil magnate and BP Capital boss T Boone Pickens says the idea of 'peak oil' should not be dismissed.
M Rochan Mar 25, 2015
UK fracking industry wants new regulator
Smith remains highly sceptical over shale oil extraction.
Nigel Wilson Mar 25, 2015
Saudi Aramco crude oil supplies to China could double
State-owned Aramco has an over 10% market share in China and now wants to boost supplies, says CEO Khalid Al-Falih.
M Rochan Mar 25, 2015
Crude oil prices heading to $35 by June: FGE
Prices could even dip beyond those levels for a brief period, warns oil expert and FGE chairman Fereidun Fesharaki.
M Rochan Mar 23, 2015
Oil prices down as Opec remains stern about production levels
Saudi Arabia's oil minister earlier said it is not sole responsibility of Opec to raise oil prices.
Jerin Mathew Mar 23, 2015
India considers foreign investment to build 12 million ton oil reserves
Five new oil reserves can ensure more than one month of supply in India in case of disruptions.
Jerin Mathew Mar 21, 2015
Oil prices gain on weak dollar and lower US drilling activity
But gains could be short-lived, as rising supplies may weigh on prices again.
M Rochan Mar 21, 2015
India to build huge petroleum reserve with oil from Basra in Iraq
State-owned Indian Oil and Hindustan Petroleum to import eight million barrels of Iraqi oil.
Jerin Mathew Mar 19, 2015
London Metal Exchange sells LCH.Clearnet stake to Borsa İstanbul
LME will work with the Turkish bourse to develop products for the steel market.
M Rochan Mar 18, 2015
Turkey launches project to pipe Azeri gas to Europe
Turkey has launched a $10bn (£6.8bn) project to pipe Azeri gas to Western markets.
Adam Justice Mar 18, 2015
Lifting US oil export ban will add $1.3tn to government revenues
Lifting the ban will generate $86bn more per year in GDP on average from 2016-2030, according to an IHS report.
M Rochan Mar 17, 2015
Russia: Sanction-hit Rosneft working on mega oil deal with Trafigura
Swiss trading house stepped up dealings with Rosneft in February.
Nigel Wilson Mar 16, 2015
Oil prices fall to six-year low
US crude oil price falls to six-year low on Monday in New York.
Nigel Wilson Mar 16, 2015
Opec says US shale oil producers could reduce production in 2015 amid price slump
Opec cartel maintained production in bid to protect market share after oil price collapsed in 2014.
Nigel Wilson Mar 16, 2015
Japan: Nikkei hits 15-year high on economy and shareholder returns hopes
Nikkei hits a 15-year intra-day high of 19,349 points just as Bank of Japan kicks-off its two-day monthly meeting.
M Rochan Mar 16, 2015
Crude oil seen dropping to $40 or even $20 a barrel this year
A global oil glut, a stronger dollar and a storage dearth could flood the physical markets with oil, hitting prices.
M Rochan Mar 14, 2015
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