Saudi Arabia, Opec’s largest producer, moved to take some of the heat out of rising fuel prices on Sunday with plans to increase production.

Organisation of the Petroleum Exporting Countries (Opec) president Chakib Khelil reiterated on Saturday that Opec would not make a decision on output policy before its next…

Oil markets are well supplied and high prices are the result of speculation, a weak dollar and geopolitical problems, Organisation of the Petroleum Exporting Countries (Opec)…

Oil hit a new record near a barrel on Monday, boosted by a string of bullish factors that include a United Kingdom refinery strike and disruptions to Nigeria’s output that…

Crude oil prices surged above , setting a new record high on Monday because of worries of supply disruptions from major producers and comments by the Organisation of the…

Ministers of the Organisation of the Petroleum Exporting Countries (Opec) on Wednesday agreed to keep oil output steady and said record high prices had been driven by factors…

Opec ministers are poised to hold output steady at a meeting on Wednesday, resisting pressure from top consumer the United States to pump more oil to help prop up a fragile…

Oil eased on Tuesday after it reached a record of almost a barrel in the previous session, buoyed by investor demand for commodities as well as expectations Opec will not…

The Organisation of the Petroleum Exporting Countries (Opec) on Thursday looked set to rebuff consumer calls for more crude oil, saying it was powerless to help stave off…

World oil prices eased further from the historic $100-a-barrel level on Monday after weak US employment data fanned worries about recession and demand in the world’s biggest…