BHP Billiton, the world's largest miner, reported a surge in underlying full-year profits on Tuesday and said that it would exit its underperforming US shale oil and gas business, pleasing...

[LONDON] Opec won't clear the global oil glut any time soon since any increase in price continues to bolster rival production from US shale, according to the International Energy Agency...

COMMENTARY

YOU wait decades for an existential crisis, then two come along at once. At least that's how it must feel for Opec's beleaguered ministers. In the short term the market for their oil is...

OIL short-sellers have been on a roll, but their bets on declining prices may have begun to hit a wall.

A GALLON of gasoline that allows a driver on the US East Coast to travel about 40 kilometres has already navigated thousands of kilometres from an oil field to one of the world's largest fuel...