News | Latest Breaking News Stories & Headlines | RTÉ

Weather Warning

OPEC has warned that booming US shale production could jeopardise the delicate balance the overall oil market has managed to reach

US oil output to grow again this year, says OPEC

Business / 14 May 18

Brent and WTI crude prices turned negative after Donald Trump's comments today

Trump says will not accept high oil prices, crude dips

Business / 20 Apr 18

Qatar's Energy Minister Mohammed al-Sada told Reuters he also supported the idea of creating a permanent platform for OPEC's cooperation with Russia even after the current round of joint oil supply cuts ends

Qatar says too early to exit OPEC oil cuts

Business / 05 Apr 18

The move is an important step as it shows the IPO process is moving ahead despite market speculation it could be delayed or totally shelved

Saudi Arabia converts Aramco into joint-stock company

Business / 05 Jan 18

Freezing weather in the US has spurred short-term demand, especially for heating oil

Oil hits highest since 2015 on Iran unrest

Business / 04 Jan 18

Market liquidity was drying up on Friday as traders closed positions ahead of the upcoming Christmas and New Year breaks

Oil dips from highs, but OPEC's cuts support market

Business / 22 Dec 17

Rising output in the US has put a lid on oil price gains

Oil up on UK pipeline outage but US supply caps gains

Business / 19 Dec 17

Under the current deal, OPEC, Russia and other producers are cutting supply by about 1.8m bpd in an effort to drain global inventories and boost oil prices

OPEC expects to stick to cuts in second half of 2018

Business / 04 Dec 17

OPEC and non-OPEC producers led by Russia yesterday agreed to maintain the output cuts until the end of next year

Oil prices rise after OPEC extends output curbs

Business / 01 Dec 17

International benchmark Brent crude rose more than 1% today to above $64 per barrel as OPEC holds key meeting in Vienna

OPEC agrees oil cut extension to end of 2018

Business / 30 Nov 17

Trading activity is expected to be very low today because of the US Thanksgiving holiday.

US oil prices rise to two-year high on Keystone outage

Business / 24 Nov 17

Rising oil output in the US has renewed concerns about global oversupply

Oil prices ease on rising output from US producers

Business / 23 Nov 17

Brent crude futures, the international benchmark for oil prices, were at $62.97 per barrel, up 40 cents, or 0.6%

Oil prices rise on Canadian pipeline disruption to US

Business / 22 Nov 17

Traders said they were avoiding taking on large new positions due to uncertainty in markets

Oil markets tepid ahead of OPEC meeting

Business / 20 Nov 17

Oil prices are under pressure from surging US supplies and creeping doubts over Russian support for continuing a cut in crude output

Oil set for first weekly fall in six on oversupply

Business / 17 Nov 17

Global oil markets are looking ahead to an OPEC meeting on November 30

Oil prices caught between OPEC cuts & rising US supply

Business / 16 Nov 17

The price of Brent crude has now shed nearly 5% in value since hitting its highest since mid 2015 last week

Oil slides after IEA casts doubt over demand outlook

Business / 15 Nov 17

The Organisation of the Petroleum Exporting Countries has forecast higher demand for its oil in 2018

Global oil prices rise on tighter market

Business / 11 Oct 17

Brent crude futures fell 53 cents to $58.49 a barrel by 13.11pm Irish time

Brent oil price near 26-month high

Business / 26 Sep 17

Prices rose as production in the affected area shut down in preparation for the hurricane

Oil prices rise as Hurricane Harvey heads for US coast

Business / 25 Aug 17

Brent crude futures, the international benchmark for oil prices, were at $51.65 per barrel shortly before 8am Irish time, down 22 cents, or 0.4%, from their last close

Oil prices fall on concerns of oversupply

Business / 23 Aug 17

Oil prices hit two-month high over sanctions threat

Business / 31 Jul 17

OPEC said that stocks held by industrial nations had fallen by 90m barrels in the first six months of the year but were still 250m barrels above the five-year average

Oil prices extend gains after Saudi export pledge

Business / 25 Jul 17

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC producers will meet in the Russian city of St Petersburg later

Oil prices inch up ahead of joint OPEC/non-OPEC meeting

Business / 24 Jul 17

International benchmark Brent crude futures were up 10 cents, or 0.2%, at $49.40 per barrel at 7.58am Irish time

Oil prices edge up ahead of OPEC meeting

Business / 21 Jul 17

Showing 51 - 75 of 200 stories