Marking one of the biggest drops since the oil price collapse of 2014, the global benchmark Brent has fallen more than 20% since early October.
The leader of Saudi Arabia promised President Donald Trump that he can boost oil
production if needed and the country has 2 million barrels per day of spare capacity available.
Diplomatic and business figures have gathered in Brussels at the "Iran Forum" to discuss ways to stop the Iran nuclear deal from collapsing after the US re-imposition of sanctions.
The CEO of oil giant ADNOC spoke to Euronews about plans to increase investment on downstream oil market
Measure prompts speculation and concern on social media.
Convinced of its oil potential, Madagascar wants to draw foreign investors to the island.
OPEC and Russia have agreed to extend oil production cuts until the end of 2018.
The move extends an existing deal between the oil producers to
Venezuela continues to reel under a political and economic crisis but President Nicholas Maduro shows no sign of changing course. Maduro says he's willing to be a dictator if it will help turn the country around.
Total boosts North Sea business with 6.4 billion euros deal with Maersk Oil
Soaring inflation, food and medicine shortages - Venezuelan's face a daily struggle to provide for their families
World renowned explorer and endurance record holder- Ranulph Fiennes- explains why heavy fuel oil must be banned in the arctic now
Total becomes first international energy company to invest in Iran since sanctions eased following nuclear accord
French energy giant Total signs a reported multi-billion euro deal with Iran to develop the South Pars offshore gas field.
Interview with President and CEO of Total, Patrick Pouyanné.
Saudi Arabia and Russia have agreed to pump less through until March 2018 to further cut the huge amount of oil in storage around the world.
Oil prices have been on a roller coaster ride from oversupply worries, strong opinion poll numbers for French centrist Macron boosted share prices.
Oil giant Shell has 'changed its tune' as emails emerge showing dealings with a convicted money launderer and point to possible bribery.
Investors in Europe were edgy on Friday following the US air strikes in Syria, but stocks erased most of their initial losses after US officials called the attack a one-off event that would not lead t
Greenpeace held a protest outside the New Zealand Petroleum Conference 2017, in New Plymouth.
Saudi oil giant gets massive tax cut
OPEC and non-OPEC oil producers discuss production cut extension
European Parliament lawmakers voted against a non-binding motion to prohibit oil and gas exploration in the Arctic
Oil prices have tumbled following an OPEC report that stocks are rising worldwide, despite an agreement to reduce output to try to push up prices.
Spanish energy firm Repsol's shares jumped after it announced it has found a field with enough crude to supply all of needs of Spain for four years.
Saudi Arabia reportedly wants crude oil to rise to around $60 a barrel this year to encourage new investment but not boost US shale oil output.
Saudi Arabia's state oil company Saudi Aramco is to invest $7 billion in an oil refinery and petrochemical project in southern Malaysia.