The IEA's decision to feed an extra 60 million barrels into global oil markets for the next month has all the fingerprints of a US president feeling the political heat... more
Oil prices hold their ground in another volatile session in the wake of the International Energy Agency's dramatic step to pump 60 million barrels of crude into global markets... more
The oil price ease slightly ahead of a crunch meeting of the Opec cartel in Vienna as worries mount over the impact of high energy costs on the world's biggest economies... more
The oil price falls for a third day, dipping below $113 a barrel after reassurances from OPEC members of ample spare capacity eased anxiety about production losses from Libya... more
Energy: Fears were growing that the price of natural gas could rise sharply after the world's biggest suppliers agreed a charter which could see them form a cartel as powerful as the oil exporters' Opec... more
Energy: Oil was trading near its lowest in more than four years on scepticism that Opec's cut in supply will boost prices amid plummeting demand... more
The Arab members of oil cartel Opec plan to meet in Cairo at the end of the month to discuss further cuts in production as oil touches 21-month lows, plunging 62% from a record $147.27 a barrel... more
The price of oil was today falling back toward $100 a barrel for the first time in five months after the Opec cartel signalled there would be no need to make cuts in production in order to underpin the price... more
OPEC president Chakib Khelil says oil prices will keep on rising because of the falling value of the US dollar - and has once again ruled out a boost in output... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
Morning:
5°c
