While OPEC has been unable to agree on an output freeze in an effort to support prices, Iraq was the latest Middle East producer to raise its exports quota Oil prices dipped to around $49 a barrel......
Oil fell below $59 a barrel for the first time since May 2009 on Tuesday, extending a six-month selloff as slowing Chinese factory activity and weakening emerging-market currencies added to......
Both crude benchmarks are now down around 20 per cent since their last peak in June Oil prices fell to their lowest levels since April on Friday, with Brent on track for its biggest monthly loss......
While consumers have enjoyed lower fuel prices, producers have cut spending and thousands of jobs Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in......
Oil has slumped from above $115 in June 2014 as shale oil from the United States has flooded the market Oil prices slid more than 4 per cent to new 11-year lows on Wednesday as the row between......