Now playing Next Economy Oil falls again, dragging down dollar The oil price continues to fall on doubts OPEC will agree production cuts. 28/11/2016
Now playing Next Economy Oil prices surge up on output cut hopes Oil prices rose to three-week highs on Monday amid expectations that OPEC is moving close to a deal to cut output when it meets next week. 21/11/2016
Now playing Next Economy Optimism rises over OPEC oil freeze deal, Russia pledges to join in Russia's President Putin says it is ready to join a proposed freeze of oil output by OPEC members but did not say at what level it would cap output. 10/10/2016
Now playing Next Economy Scepticism mounts over OPEC production cut move Oil producers in the OPEC cartel have agreed they need to cut production to address a supply glut and lift prices - but the devil is in the details. 29/09/2016
Now playing Next Markets Oil prices rise after OPEC announces first output cut since 2008 OPEC has agreed to cut its oil output for the first time since 2008. 29/09/2016
Now playing Next Economy Oil output freeze deal now seen more likely in November Saudia Arabia has softened its stance on Iran pumping more oil, but an OPEC deal to freeze output remains elusive. 28/09/2016
Now playing Next Markets Monday blues as Deutsche Bank and energy sector pull down European stocks European stock markets are suffering a nervous Monday as investors sold off energy company and bank shares - with Deutsche Bank the biggest loser. 26/09/2016
Now playing Next Business Line OPEC and other oil producers tentatively inch towards a production freeze In this edition of Business Line we look at the chances of OPEC and non-member producers, including Russia, reaching an agreement on limiting oil production. 21/09/2016
Now playing Next Markets Oil rises as Venezuela's Maduro says production freeze deal is 'close' Oil prices jumped on Monday after Venezuela's President Nicolas Maduro said OPEC and non-OPEC countries are close to reaching a deal to stabilise markets. 19/09/2016
Now playing Next Markets Glut alert! Oil demand slowing, production still high Oil prices were down again on Tuesday following pessimistic predictions about the growth in demand from the International Energy Agency. 13/09/2016
Now playing Next Economy Saudi Arabia and Russia signed an oil deal - but what does it mean? Saudi Arabia and Russia have agreed to cooperate over oil, with a task force to recommend measures and actions, but no immediate action by the world's two top producers. 05/09/2016
Now playing Next Economy Oil production freeze speculation increases A freeze of oil output by major producers is looking more likely as Saudi Arabia signals a change in approach ahead of an OPEC meeting in Algeria later this month. 01/09/2016
Now playing Next Economy Hopes of a production freeze dim, pulling down oil prices Oil prices have slipped amid fading hopes of an agreement to limit production even with the market being hugely oversupplied. 25/08/2016
Now playing Next Economy Oil dips below $50 a barrel as production limit hopes fade Crude oil prices have slipped back after hitting an eight-week high following their longest run of gains in four years in the belief that a limit on output will not be agreed by producers. 22/08/2016
Now playing Next Economy OPEC fails to agree on limiting output, denies it is 'dead' OPEC has failed to agree on limiting output which would have boosted the price of crude but Saudi Arabia promised not to flood the oil market with extra barrels. 02/06/2016
Now playing Next Economy IEA oil forecast brightens The International Energy Agency is no longer so concerned about the oil market "drowning in supply" this year and says unplanned disruptions to output could help run down the global glut of crude. 12/05/2016
Now playing Next Business Line Cheap oil and the music industry's digital revolution In this edition of Business Line we look in depth at the major oil producers attempts to stop prices falling and why they failed, plus the good news for the music industry from the digital revolution. 20/04/2016
Now playing Next Economy Disappointment over oil supply cap failure pushes crude prices down Oil price tumbled on Monday and OPEC's credibility has been seriously undermined with the failure of talks to try to freeze the production of crude. 18/04/2016
Now playing Next Economy Oil prices drop as Iran still not part of production freeze Oil prices continue to be pulled down by the lack of a deal between OPEC and other countries to freeze production. 14/03/2016
Now playing Next Economy OPEC oil output cut very unlikely at June meeting, Iran's situation unclear OPEC is very unlikely to cut oil output at its next meeting in June, even if crude prices remain extremely low, according to OPEC sources and delegates 01/03/2016