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Oil on the rise as dollar falls Opec curb on output fails to halt crude slide

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Oil on the rise as dollar falls

09.09.09
The weakening dollar sent the oil price north again today ahead of a key meeting of Opec, the Saudi-led cartel of major oil producing nations ... more

Oil alert! Fears grow rising prices will kill economic recovery

03.09.09
Energy analysis: Informed City opinion has it that rising fuel costs arguably hurt companies and consumers far worse than the credit crunch... more

Oil above $74 a barrel as China imports hit record record

11.08.09
The price of oil ended three days of consecutive falls to rise above $73 today, after figures showed China imported record volumes last month ... more

Oil guru expects summer price fall

22.06.09
The influential oil and gas analyst who called the recent crude price spike on the back of Chinese stockpiling says the oil price could weaken this summer... more

Vital we stop the oil speculators harming recovery

01.06.09
It is time we started paying attention to the oil price. When the banking crisis bit last year and it became obvious the global economy was going to be hit, oil plummeted. From its peak of $147 a little over a year ago, it fell all the way down to $40, and there it stuck in a narrow trading range.... more

Call on Opec not to force up price of oil

19.03.09
Energy minister Mike O’Brien called on Opec, the Saudi-led cartel of oil producers, not to engineer a new spike in the oil price... more

Oil price falls as suppliers agree not to cut output

16.03.09
The oil price plummeted well below $45 a barrel as the Opec cartel yesterday decided not to cut production... more

Crude prices slide below $40 a barrel

12.01.09
Energy: Oil prices have slumped to their lowest since the Christmas week, falling below $40 a barrel... more

Oil prices tumble on fears for reduced demand in America

02.01.09
Energy: Oil prices plunged as concerns over lower demand outweighed earlier optimism inspired by slower increase in stocks in the US.... more

Cartel move sparks fears of a surge in natural gas prices

24.12.08
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

Oil price near four-year low in face of Opec cutback threat

18.12.08
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

Oil rockets ahead on hopes of biggest-ever Opec output cut

15.12.08
Energy: The price of oil shot up amid hopes of an Opec production cut ... more

Oil slides after Opec fails to agree cuts

01.12.08
Energy: Oil prices fell by more than a dollar today after exporter countries within Opec failed to agree on production cuts at their weekend meeting in Cairo... more

Oil price dips below $54 and 'may soon test $40'

28.11.08
Energy: Oil prices fell back below $54 a barrel ahead of the weekend's crucial meeting of the Opec oil exporting countries in Cairo... more

Opec talks on oil cuts

14.11.08
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

Oil prices on the slide as fears grow of global slump

13.11.08
Energy: Oil prices fall to just above $50 a barrel, marking a loss of two-thirds in value from their peak in July... more

Gold and oil prices on slide as dollar gains further strength

27.10.08
Commodities: Gold tumbled, dragging silver in its wake as even safe havens lost their allure... more

Opec curb on output fails to halt crude slide

24.10.08
Saudi-led attempts to rig the oil market failed dismally as global prices of crude continued to plunge on fears of a slump in worldwide demand... more

Oil below $70 on demand worry

23.10.08
Energy: Oil prices edged up ahead of an Opec meeting tomorrow but remained well below $70 on fears demand will shrink as recession bites... more

Opec signals output cuts to lift oil prices

20.10.08
Energy: Oil cartel Opec has indicated it will cut output to firm up prices, possibly as early as Friday when members meet in Vienna... more

Venezuela, Russia to get together on oil

26.09.08
Venezuela and Russia plan to create a giant oil consortium to invest in joint ventures, as Moscow plans to challenge the dominance of Opec in influencing world energy markets... more

Opec cuts output to halt dive in price of oil

10.09.08
Oil: Opec have moved to put a floor under the falling oil price by effectively slashing production as crude dipped below $100 a barrel... more

Market report: Travel operators gain from fall in price of oil

09.09.08
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 cuts its oil forecast again

15.08.08
Opec cut its world oil demand forecast for a fifth month as the slowdown in the global economy erodes fuel use... more

Oil at new highs on growing Iran disruption fears

11.07.08
Oil prices have roared to fresh highs on growing fears that supplies from Iran could be disrupted... more

Opec lays blame on weak dollar for surging oil price

07.07.08
Saudi Arabia-led cartel blames President George Bush and his central banker Ben Bernanke... more

No return to cheap energy, BP chief warns

09.06.08
Oil production is too low and will remain so while governments fail to encourage new exploration... more

Opec chief blames dollar for price rise

27.05.08
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

Oil prices hit another all-time high

09.05.08
Amid supply and demand fears, crude oil prices have hit yet another all-time high, despite Opec claims that supplies are adequate.... more

Oil hits new high on output fears

22.04.08
Oil prices rise to another new record on fears that Russia and Nigeria will produce less this year... more

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