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Brent and WTI are set for their second week of gains, rising nearly 8% and 10% respectively

Oil on track for weekly gains on trade talk hopes

Oil prices rose slightly today, putting them on track for solid weekly gains after financial markets strengthened due to hopes the US and China may soon resolve their trade dispute.

Business • 11 Jan 19

Traders are hoping that talks in China can resolve the US-China trade war

Oil prices gain 2% extending rally from December lows

Oil prices rose by 2% today, extending a rally from 18-month lows hit in December with support from OPEC production cuts and steadying equity markets.

Business • 07 Jan 19

Oil prices fell to their lowest in almost 18 months this week and are down more than 20% for the year

Oil steady near 18 month lows after profit-taking

Oil prices steadied today after a week of volatile trading, shedding early gains on profit-taking ahead of the New Year holiday and pressured by concerns of oversupply and faltering global economic growth.

Business • 28 Dec 18

Oil prices are heading for losses of more than 20% in 2018

Oil prices fall over 1% as US stock markets retreat

Oil prices fell today after rebounding 8% in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply.

Business • 27 Dec 18

The price plunge has caused US shale oil producers to curtail drilling plans for next year

Oil rises on signs recent low prices reducing US output

Oil markets have risen today on signs that the recent price plunge may start crimping supply from the United States, currently the world's biggest crude producer, though concerns about the global economy continued to weigh.

Business • 24 Dec 18

Oil prices are down more than 30% from peaks seen in October

Oil slumps 4% to lowest level in a year

Oil prices fell more than 4% today, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a US interest rate rise knocked stock markets.

Business • 20 Dec 18

Brent and New York crude contracts collapsed as low as $57.20 and $47.84 per barrel respectively during the morning session

Oil slumps to fresh one-year lows in markets rout

World oil prices have tumbled today to strike the lowest levels in more than a year, hit by a markets rout that is rooted in fears over the world economy.

Business • 18 Dec 18

Both US crude and Brent crude benchmarks fell more than 30% from early October through the end of November as a supply glut inflated global inventories

Oil drops as oversupply, economic growth worries weigh

Oil prices fell about 1% today on signs of oversupply in the United States and as investor sentiment remains under pressure from concern over global economic growth and fuel demand.

Business • 17 Dec 18

Today's gains have partly made up for Friday's selloff, which traders have already dubbed 'Black Friday'

Oil creeps back above $60, but growth doubts curb gains

Oil prices rose above $60 a barrel today, recovering some of the previous session's near-7% fall, although uncertainty over global economic growth limited the gains.

Business • 26 Nov 18

Brent's fall of more than five percent sent it sliding below $60 per barrel

Oil prices sink on supply glut fears

Oil prices have extended a sharp plunge today to hit the lowest levels in more than one year on fears of a global supply glut.

Business • 23 Nov 18

Oil prices were lifted by a report of an unexpected decline in US commercial crude inventories and record Indian crude imports

Oil above $63 after slide, but glut worries persist

Oil bounced above $63 a barrel today to claw back some of the previous day's 6% plunge, lifted by a report of an unexpected decline in US crude inventories.

Business • 21 Nov 18

Tullow narrows its production forecast for the year to between 89,300 barrels of oil equivalent per day and 93,300

Tullow Oil expects full-year cash of $700m

Tullow Oil today forecast that its net debt would drop to $2.8 billion by the end of the year.

Business • 15 Nov 18

OPEC and its partners believe demand was softening enough to warrant an output cut of 1 million barrels a day

Oil up as Saudi warns weaker demand may warrant cut

Oil rose by more than 1% today, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels a day.

Business • 12 Nov 18

US oil prices officially fell into 'bear market' territory today, which marks a drop of 20% from its peak

Oil falls below $70 as US crude enters 'bear market'

Oil prices fell to multi-month lows today as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.

Business • 09 Nov 18

The US has re-introduced sanctions against Iran today

Oil up as US imposes sanctions on Iran, Tehran defiant

Oil prices recovered some ground today after five days of heavy losses as the US imposed a range of punitive sanctions on Iran, aiming to curb exports by the Islamic Republic, including its sales of fuel.

Business • 05 Nov 18

Shell's quarterly profits soar to four-year high

Royal Dutch Shell's third quarter profits soared to their highest in four years, boosted by rising crude prices as the company pushed ahead with one of the world's largest share buyback programmes.

Business • 01 Nov 18

Brent has gain more than 10% over the last two weeks on expectations that global supply will tighten later this year

Oil prices higher as US sanctions limit Iran exports

Oil prices rose today, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the US.

Business • 03 Sep 18

Brent crude oil futures were down 9 cents at $71.34 a barrel by 7.49am Irish time

Oil prices slip over concerns of economic slowdown

Oil prices have dipped today, with US crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build.

Business • 17 Aug 18

Sentiment is also clouded by a darkening economic outlook which could start impacting oil demand, traders said

Oil dips on rising US crude inventories

Oil prices have fallen today, pulled down by a report of increased US crude inventories and as a darkening economic outlook stoked expectations of lower fuel demand.

Business • 15 Aug 18

Shell's second quarter profit sharply fell short of expectations

Shell launches $25 billion buyback plan

Royal Dutch Shell today launched a long-anticipated $25 billion share buyback programme as its debt eased while second quarter profits came in far below forecasts.

Business • 26 Jul 18

Providence Resources gives update on Dunquin South prospect

Providence Resources welcomes Dunquin South data

Providence Resources has said that new completed 3D seismic data over its southern Porcupine Basin site has enhanced its understanding of the "exciting exploration potential" of this block.

Business • 20 Jul 18

The Organisation of the Petroleum Exporting Countries is gathering in Vienna today

OPEC agrees modest hike in oil supply

OPEC has agreed to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said.

Business • 22 Jun 18

The Organisation of the Petroleum Exporting Countries meets on Friday to decide on oil output policy

OPEC sees strong oil market, may need more output

Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.

Business • 19 Jun 18

Italy's Prime minister-designate Carlo Cottarelli is set to unveil his cabinet later today

Italy's central bank chief warns on political crisis

Italy's central bank chief warned today that the state was "only ever a few short steps" from losing investors' trust as markets dumped stocks and bonds.

Business • 29 May 18

Surging US crude production shows no sign of abating as drillers continue to expand their search for new oil fields to exploit

Oil extends losses as OPEC and Russia look to up output

Oil prices extended losses today as Saudi Arabia and Russia said they may increase supplies while US production gains show no signs of slowing.

Business • 28 May 18

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