oil prices

GDP grew an annualised 2.2% due primarily to rebound in exports, but growth missed economists' expectations.

Brazil's troubled oil giant will release audited 2014 results to fend off £32.5bn loan default

Igor Sechin said some countries are pursuing their personal interests and undermining other members within the oil cartel.

Libya mired in violence and even has two rival governments.

The bill will bring an end to the collection of debts owed for non-payment of the Community Charge (aka Poll Tax) in Scotland.

US crude in the $26-$30 price range will signal that a global recession is inevitable, according to a Convergex survey.

No change expected in Saudi oil policy following death of King Abdullah bin Abdulaziz al-Saud.

Oil prices have crashed 60% since summer 2014.

Halliburton's $35bn deal to acquire Baker Hughes "more compelling" now, says Halliburton CEO Dave Lesar.

The world's largest oilfield services provider said it will cut 7% of its workforce.

Oil prices have plunged 60% over the last six months.

Reserve Bank of India (RBI) cuts its main lending rate or repo rate by 25 basis points to 7.75%.

UK inflation at 0.5% in December is no need for alarm, says the Chancellor.

Prince Alwaleed bin Talal defends Saudi decision not to cut production to boost prices.

Oil prices have fallen over around 50% from 2012 and 2013.

Danske Bank expects oil prices to fall further in the short term.

In 2013 and 2012 oil prices averaged $100/bbl.

In the budget announced for the next year, spending has been pegged at 860bn riyals and revenue generation at 715bn riyals.

Russian government expects economy to shrink by 0.8% in 2015.

Armed factions in Libya are battling for control of the Opec member.

Supply glut, fuelled by US shale production and weak global demand, hits prices hard.

US crude oil inventories surprisingly rose by 7.3 million barrels last week, to their highest December level on record.

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Opec producers banking on slowdown in US shale boom and rising demand fuelled by low prices.

Brent crude oil could bottom-out at $40 before recovering slightly as US shale production drops.

Al-Naimi reiterated that his country is not conspiring to target US and Russian oil producers.

Opec has controlled the global oil market and has set oil prices for almost half a century until now.

Crude oil prices have dropped some 50% since their peak in June: their steepest fall since the 2008 financial crisis.

Stock markets across the Gulf rallied on Thursday after oil prices steadied.

Analysts say oil price of $65 a barrel in 2015 will trigger the biggest drop in project finance in decades.