British oil and gas company BP has said it needs crude oil to be selling for $60 a barrel by the end of the year for it to break even.
A crane on a construction site overlooking the White House in Washington D.C. has been taken over by Greenpeace to display a banner with the message "Resist".
Not one to shy away from a challenge, US President Donald Trump has signed executive orders to accelerate two controversial pipeline projects.
Teori Zavascki's death raises questions over who will take over the country's biggest corruption case.
Oil prices hit their highest in 18 months on hopes the deal between OPEC and non-OPEC members to cut production will reduce a glut of crude.
Mexico's energy reforms have started to bite with a 20 percent rise at the petrol pumps and angry consumers have been protesting.
The outgoing president has used an old law to try to protect the regions permanently from exploration, before Donald Trump takes office.
Business Line considers the details of the agreements reached by oil producers from OPEC and other countries to cut output. Will it boost oil prices?
Russia is moving forward with its plans to become a major investor in Iran through initial agreements covering various industries, particularly oil.
Global oil demand will rise more strongly than expected in 2016 and 2017 the International Energy Agency has said.
Oil hit an 18-month high after OPEC and some of its rivals agreed to jointly reduce output to try to tackle global oversupply and boost prices.
Oil prices extended gains for a second session running on Friday – fuelled by optimism that non-OPEC producers will agree to reduce output following a cartel agreement to limit…
Qatar and commodities trader Glencore have bought a stake in Russia's giant oil firm Rosneft.
Russia has sold a share of oil giant Rosneft for 10.
Brent goes through 54$, WTI 51$, oil hitting year highs
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.
The oil price continues to fall on doubts OPEC will agree production cuts.
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.
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.
Oil prices jumped on Tuesday on expectations that OPEC may be nearing an agreement to reduce a huge supply glut.
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.
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.
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.
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.
OPEC has agreed to cut its oil output for the first time since 2008.
Saudia Arabia has softened its stance on Iran pumping more oil, but an OPEC deal to freeze output remains elusive.