oil prices

Fresh job cuts come in addition to 7,800 announced in February.

Brent crude futures trading at $67.25 per barrel.

Saudi Arabia's oil minister Ali Al-Naimi says that only Allah knows where crude prices are heading.

Oil major has been hit by collapse in crude prices.

Britain said it would revoke Fridman's licences if sale is not completed on time.

Has a rush to buy up oil and gas companies just started?

With earnings reports on the horizon, US investors are being cautious.

Islands referred to as Malvinas in Argentina thought to be rich in resources.

Oil prices still keeping the upward trend since mid-January.

Brent crude price, the global benchmark, is down 1.42% at $58.26 per barrel as at 12.30am ET.

A shale oil boom in the US has reduced the world's leading oil consumer's dependency on Opec crude.

During 2014, US oil production increased by 1.2 million barrels per day to 8.7 million barrels per day.

European Benchmark Brent oil fell to $55.50 a barrel as Iran talks resumed in Switzerland.

Ships crossing from the Middle East to Europe must pass Yemeni strait of Bab el-Mandab.

US oil magnate and BP Capital boss T Boone Pickens says the idea of 'peak oil' should not be dismissed.

State-owned Aramco has an over 10% market share in China and now wants to boost supplies, says CEO Khalid Al-Falih.

Saudi Arabia's oil minister earlier said it is not sole responsibility of Opec to raise oil prices.

Osborne announced a tax allowance and a cut in the tax on petroleum tax revenues from 50% to 35%.

Government must announce bold oil tax changes in the budget to inject new life into the battered North Sea.

US crude oil price falls to six-year low on Monday in New York.

Opec cartel maintained production in bid to protect market share after oil price collapsed in 2014.

Energy watchdog IEA's report fuels concerns that the global supply glut and a storage dearth in the US will hit prices.

Russia believes the worst of economic turmoil, Western sanctions and oil price could soon be over.

Germany's largest utility E.ON suffered its biggest ever annual loss in 2014

Saudi Arabian Oil Minister Ali al-Naimi said he expected the oil market to balance and prices to stabilise.

Value of goods and services exported to Russia by these three countries will shrink by between 18% and 25%.

Russian economy expected to enter recession in 2015.

Russian central bank earlier projected losses at $160bn per year, if oil prices remain around $45 per barrel.

Saudi Arabia has fiercely protected market share since oil prices began to slide in June last year.

About two per cent of the UK's economy is affected by North Sea oil and gas with direct and indirect employment reported to be in the region of 450,000