Crude Oil

Precious metals and crude oil headed lower ahead of the US Federal Reserve's rate-setting meeting.

Opec's surprise decision to cut oil production by 1.2 million barrels per day has boosted the crude oil price.

Suhail Al Mazroui tells IBTimes UK that Opec was working 'overtime' towards an oil market solution.

Analysts expect oil markets to benefit from Donald Trump's presidency, as Opec struggles to cut production.

The process of making fuel from poo mimics the way fossil fuels form in the ground.

Oil giant boosted by BG acquisition but warns outlook remains challenging due to the weakness in oil prices.

Activists targeted pipelines that carry as much as 15% of daily US oil consumption.

Precious metals halted the previous session's slide while oil futures continued to rally.

The two countries account for more than 25% of the world's crude oil production.

Oil futures rose for a third successive session, after a higher than expected drawdown in US crude inventories.

Oil giant posts $485m loss compared with $2.1bn profit a year but remains adamant it is weathering the storm.

Unaoil under investigation by SFO amid bribery scandal involving companies across the world.

Petroleum minister Ibe Kachikwu says oil from refineries to be kept in "strategic reserves".

IEA says agreement to cut oil output is meaningless as Saudi Arabia is only country capable of increasing production.

Brent Crude and West Texas Intermediate slide as US oil rigs count increases after 12 weeks of decline.

Oil giants will break up Motiva business after 18 years and divide assets to pursue other goals.

Engineering group said ongoing slump in commodity prices will negatively impact its 2016 results.

Oil output in the US will decline over the next two years before reaching all-time high, according to the IEA.

Dow Jones and S&P 500 posted their first three-day win streak this year.

Iran's OPEC envoy says Tehran will not commit to a deal between Saudi Arabia and Russia over capping output

Decision to freeze production to January levels is 'adequate' after meeting with Russia and Iran.

DeVere Group CEO claims low oil prices could be beneficial and panic over 'minor bump' was exaggerated.

Chief executive Nils Andersen warned of a "massive deterioration" of business.

BG is the latest oil stock to suffer from crude prices decline as full-year profit tumbles almost 40%.

Wall Street looks to recoup some of the heavy losses from the previous session, while oil falls again below $28.

Motoring group RAC says motorists could be paying only 86p a litre for petrol.

UK and European stocks relinquish gains as rebound in oil prices loses momentum.

Oil prices in Nigeria have fallen to around $36 per barrel compared to $50 at the beginning of 2015.

While India, Australia and Japan were trading in the red, Hong Kong and South Korea were in the green.

Iran is gearing up to increase production following lifting of sanctions.