Now playing Next USA Obama bans new oil and gas drilling in US Arctic and Atlantic waters The outgoing president has used an old law to try to protect the regions permanently from exploration, before Donald Trump takes office. 21/12/2016
Now playing Next Business Line OPEC and Russia oil cut deals promise to address supply glut Business Line considers the details of the agreements reached by oil producers from OPEC and other countries to cut output. Will it boost oil prices? 14/12/2016
Now playing Next Economy Russia signs oil development deals with Iran Russia is moving forward with its plans to become a major investor in Iran through initial agreements covering various industries, particularly oil. 13/12/2016
Now playing Next Economy Oil demand set to rise says International Energy Agency Global oil demand will rise more strongly than expected in 2016 and 2017 the International Energy Agency has said. 13/12/2016
Now playing Next Markets Oil prices spike on promises to pump less Oil hit an 18-month high after OPEC and some of its rivals agreed to jointly reduce output to try to tackle global oversupply and boost prices. 12/12/2016
Now playing Next Economy Oil extends gains ahead of OPEC talks Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit… 09/12/2016
Now playing Next Business Series Russia sells stake in oil giant Rosneft Qatar and commodities trader Glencore have bought a stake in Russia's giant oil firm Rosneft. 08/12/2016
Now playing Next Business Series Russia sells share in country's largest oil company Russia has sold a share of oil giant Rosneft for 10. 08/12/2016
Now playing Next Economy Oil hits high for the year Brent goes through 54$, WTI 51$, oil hitting year highs 01/12/2016
Now playing Next Economy OPEC agrees first production cut in eight years OPEC gets its act together in first co-ordinated action in ages and agrees production cut, but analysts say no oil price shock is on the cards. 30/11/2016
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 OPEC deal optimism pushes up oil prices There is renewed optimism that the producer group OPEC might agree to limit the amount it pumps, thereby addressing a supply glut and low prices. 18/11/2016
Now playing Next Economy Oil bounces back on OPEC deal hopes Oil prices jumped on Tuesday on expectations that OPEC may be nearing an agreement to reduce a huge supply glut. 15/11/2016
Now playing Next Business Series BP hit worse than Shell by low oil prices BP's latest quarterly earnings were almost halved while Shell announced its highest profit in five quarters thanks to the purchase of rival BG Group. 01/11/2016
Now playing Next Economy Saudi Aramco boss warns low prices threaten future energy supplies Saudi Aramco's head Amin Nasser says low prices mean cash-strapped energy companies are not investing risking shortages of oil and gas in the future. 11/10/2016
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