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Oil price

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In Focus

‘Off the charts spike’: how high could oil prices rise?

US crude hits seven-year high as Opec+ resists pressure to ramp up production

6 Oct 2021

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In Brief

Global oil demand forecast lowered for 2020 and 2021

IEA report says jet fuel demand remains the major source of weakness

14 Aug 2020

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In Depth

Are US-Iran tensions flaring again?

Trump threatens military action over Twitter

23 Apr 2020

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In Depth

How is Russia coping in the pandemic?

Plummeting oil prices are combining with Covid-19 to badly damage the Russian economy

23 Apr 2020

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In Depth

What do negative oil prices mean?

Perfect storm of oversupply and storage shortages sees producers paying to get rid of US crude

21 Apr 2020

A flame torch at the Total refinery in Donges, western France

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In Depth

Global oil storage almost ‘overwhelmed’ as price plummets

Industry facing ‘toughest month ever’ as demand hits 25-year low

16 Apr 2020

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In Depth

Can a deal be struck to raise oil prices?

Opec+ will convene today over video link in a bid to boost crude

9 Apr 2020

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Oil rigs in Cromarty Firth June 10th 2019, Cromarty, Scotland, United Kingdom. The Cromarty Firth is used by oil rig companies for its shelter and close proximity to the North Sea and oil fie

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In Depth

Oil price continues to tumble: will petrol get cheaper?

As Covid-19 cripples the economy, lower fuel prices and reduced inflation may provide some relief

26 Mar 2020

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In Depth

The Week Unwrapped: Arctic chlamydia, oil and ‘nolo’ beer

How did an STI get to the Arctic seabed? What’s going on with the price of oil? And why are we drinking more low-alcohol beer?

13 Mar 2020

A trader reacts on the New York Stock Exchange on Black Monday 9 March. Photo by TIMOTHY A. CLARY/AFP via Getty Images

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In Brief

‘Black Monday’ panic as global markets crash

Oil price experiences biggest decline since 1991 Gulf War slump before closing 20% down

10 Mar 2020

A Kuwaiti trader checks stock prices at Boursa Kuwait in Kuwait City, on March 8, 2020. - Kuwait Boursa authorities stopped trading after the Premier Index slumped 10 percent while the All-Sh

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In Depth

Oil prices plunge as Russia feuds with Saudi Arabia

Riyadh is retaliating against Moscow’s refusal to cut oil production in response to coronavirus

9 Mar 2020

Abdulaziz bin Salman, Saudi Arabia's energy minister, fifth left, stands with other delegates for a minutes silence to pay tribute to the recently deceased Fadhil Chalabi, former acting secre

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In Depth

Opec to cut oil production as coronavirus hits

Plummeting prices mean oil-selling nations want production cut, but they must act together and Russia seems reluctant

6 Mar 2020

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In Depth

What will happen in 2020?

From the Olympic Games and US presidential election to Beethoven’s anniversary and a cannabis referendum

23 Jan 2020

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In Brief

How high will oil prices rise after Iran attack?

Brent crude breaches $70 mark and prolonged conflict could send it higher

7 Jan 2020

An employee walks past crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi

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In Depth

Saudi Aramco valued at $1.7 trillion in world record IPO

The Saudi government will retain a 98.5% stake in what will be the most valuable public company ever

6 Dec 2019

Mohammed bin Salman, the crown prince of Saudi Arabia

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In Depth

Saudi Aramco flotation: the risks and opportunities

Crown Prince Mohammed bin Salman wants to diversify the oil-dependent kingdom’s economy

11 Nov 2019

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In Brief

Could Saudi Arabia weaponise oil again?

Gulf kingdom responds to sanctions threat by evoking memories of the 1973 oil crisis

22 Oct 2018

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In Brief

Why did Saudi Arabia call off Aramco flotation?

Gulf state denies report biggest stock listing of all time postponed

24 Aug 2018

Students take part in a protest against Venezuelan President Nicola Maduro in Caracas

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In Brief

Venezuela inflation to hit 1,000,000% by year’s end

Calls to ‘dollarise’ the country likely to fall on deaf ears as country nears collapse

15 Aug 2018

Drivers have seen the price of petrol surge over the past year

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In Brief

Why fuel prices are rising at fastest rate in 18 years

Soaring oil prices and weak pound blamed, but are customers still being short-changed?

6 Jun 2018

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In Brief

Oil prices hit four-year high

US withdrawal from Iran nuclear deal, deteriorating situation in Venezuela and Opec cuts drive up Brent Crude prices

8 May 2018

French President Emmanuel Macron is on a state visit to the US

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In Brief

Can Emmanuel Macron save the Iran nuclear deal?

French President faces uphill battle to win over Donald Trump as US exit looms

25 Apr 2018

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In Brief

US to be crowned oil king of the world

Saudi Arabia and Russia are set to be overtaken as the energy world order is upended

5 Jan 2018

the price of oil has not been this high since July 2015

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In Brief

Oil prices highest in two years after Saudi purge

Rising prices could hit British drivers and intensify inflation threat facing UK

7 Nov 2017

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In Depth