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
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 target Madagascar drills deep to make most of unused resources Madagascar is on the verge of an oil and gas revolution, but how will it develop these new sectors of the economy for the benefit of all without ruining the environment? 15/09/2016
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 Libya Haftar's oil blitz could fatally undermine Libyan government The internationally-recognised Libyan government’s loss of key oil facilities to forces loyal to the eastern administration and General Kalifa Haftar is a potentially serious blow that could starve Tr 12/09/2016
Now playing Next Markets European markets hit by worries over US rate hike timing Monday was a rough day for the world's financial markets amid fears that the Federal Reserve could raise interest rates again as early as next week. 12/09/2016
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 Business Series Oil price slump hits Sinopec profit The sliding price of crude has again hit the profits of Sinopec - the state-controlled China Petroleum and Chemical Corporation. 29/08/2016
ADVERTISEMENT
ADVERTISEMENTADVERTISEMENT