Crude Oil

Oil ministers at Organisation of Petroleum Exporting Countries reveal conflicting opinions on restricting oil output to slow falling prices.

Investors question timing, detail of Spain's EU-led rescue as Greek election concerns mount

International Air Transport Association says deepening eurozone sovereign debt crisis and rising oil prices threaten to wipe out airline industry profits and targets

South African official hints country is looking to source more of its oil imports from Nigeria instead of Iran.

As tensions between Iran and the Gulf States continue to increase, Tehran has announced plans for a new oil terminal outside the Strait of Hormuz.

Latest report reveals that a majority of airlines only implement hedging procedures for 21% – 40% of its total fuel for a year, in a bid to guard against rising oil prices.

Franco-Dutch airline is the third aviation company this week to report losses stemming from rising fuel costs

Iran is considering a Russian proposal to halt nuclear programme to avoid EU sanctions.

Thinktank forecasts cost of living will rise at least 2.7 percent this year on back of high oil and commodity prices.

The U.K. producer price index for home sales of manufactured products rose 3.6 percent in the year to March 2012, compared to a growth of 4.1 percent in February, according to the latest data released from the Office for National Statistics (ONS).

Opec and IEA reports show oil production and supplies increasing as demand growth steadies, which could ease prices in 2012.

Governor Mervyn King and the MPC face growth and inflation dilemma

Dispute between oil giant and Nembe Island's poor community escalates to workers being held on board seized boats.

There are fears that in Asia inflation might return due to higher energy prices, food and wage costs as crude oil prices are expected to range between $125 to $128 per barrel. However, though oil prices are high in absolute terms, Brent crude prices are only 10% higher than a year ago and food prices are still comparitively lower than the previous year.

Iran helps Syria get round boycott by providing tanker to ship oil to China state-run firm.

The UK, the US and France are in favour of a strategic oil release.

British gas prices fell on fears of slump in demand as much as 13 percent on Thursday below the seasonal norms and also due to weak global economic data, which drew down the wider energy complex, including British gas futures.

World's manufacturing economies showing weakness as UK high street sales fall more than forecast.

Office for Budget Responsibility improves outlook for UK economic growth but critics say it is too optimistic in face of increasing global competition.

Mauritius' Global Board of Trade clears way for MetaQuotes Software Corps with independent software vendor status.

Vague crackdown promised on fiddles by corrupt politicians and officials in cahoots with international crime rings.

"Oil sales to British and French companies have ceased," the Oil Ministry says. The decision is not expected to have a big impact on either Britain or France, however.

The President of Iran has made a startling announcement... one sure to set alarm bells ringing throughout the White House, the European Union (EU) and in the International Atomic Energy Agency (IAEA).

Ayatollah Ali Khamenei ups rhetoric against Israel and US.

Iran launchs satellite into orbit, raising concern over its military ambitions.

The European Union has formally adopted an oil embargo against Iran and a freeze of the assets of the country's central bank.

Aircraft carrier John C Stennis must stay out of the Gulf, Iran Tells US.

A poll of 20 hedge fund managers, economists and traders conducted by Reuters predicts that gold prices will fall below $ 1500 an ounce over the first quarter of next year.

Strait of Hormuz standoff between Iran and US intensifies over sanctions row

Nigerian president explains the urgent need to minimise the country's dependence on crude oil