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Business Series

Russia sells share in country's largest oil company

Russia has sold a share of oil giant Rosneft for 10.

Economy

Oil hits high for the year

Brent goes through 54$, WTI 51$, oil hitting year highs

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.

Economy

Oil falls again, dragging down dollar

The oil price continues to fall on doubts OPEC will agree production cuts.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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.

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

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.

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.