AN EASING of draconian novel coronavirus lockdown measures and a spectacular reduction in output are helping the oil market steady after a "Black April", the International Energy Agency (IEA) said...

THE risk of a sharp pull-back in oil prices has decreased as the rebalancing of the crude market gathers pace, Goldman Sachs said, aided by a gradual lifting of coronavirus lockdowns and a faster-...

[NEW YORK] Oil prices settled 5 per cent higher on Friday in their second consecutive week of gains as US producers cut production with the number of drilling rigs falling to a record low, and as...

[LONDON] Oil suffered its biggest one-day price plunge in the modern era, at one point crashing about 40 per cent to below US$11 a barrel as traders contended with an historic glut.

[NEW YORK] US crude prices fell to an 18-year low and Brent lost more than 6 per cent on Wednesday after the United States reported its biggest weekly inventory build on record, while global...

CURRENCIES

COMMODITY currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut agreed by Opec and other oil producing nations failed to offset broader...

THE world's top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war that brought the energy industry to its knees...

A GLOBAL deal to cut oil supply and stem a historic price rout hung in the balance on Sunday as negotiators raced to find an agreement with just hours to go until the market opens.

[RIYADH] A global deal to cut oil supply and stem a historic price rout hung in the balance on Sunday as negotiators raced to find an agreement with just hours to go until the market opens.

[MOSCOW] Top oil nations struggled to finalise record output cuts at G20 talks on Friday to boost prices slammed by the coronavirus crisis, as Saudi Arabia clashed with Mexico despite US President...