Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.
Falling demand and lower wholesale gas prices would cut power prices, research suggests.
A combination of aggressive acquisitions and expansion initiatives have transformed the petrochemical company in a matter of years.
The price of oil has risen quickly over the last week or so. However, substantial evidence indicating fundamentals have changed to justify such a speedy increase is yet to emerge.
Most of the detainees are being housed at the Ritz-Carlton in the kingdom's capital city of Riyadh.
Two of the UK's 'Big Six' energy companies hope to form a mammoth supplier serving over 12 million households.
Ex-employee tells IBTimes UK that senior managers at Japan's industrial giant were too scared or proud to admit failures that have now amplified into a colossal scandal.
Price controls unveiled by the Primer Minister could put some energy suppliers under severe strain, says ratings agency.
Its a cruel irony that an economy which gets 98% of its revenue from oil faces one of its worst fuel crises following years of conflict.
Kobe Steel announces further instances of faked inspections data as its shares get a hammering in Asian trading.
Kobe Steel, Japan's third-largest steel maker, has admitted that between 1 September, 2016 and 31 August 2017, it sold materials using falsified data.
Mohammed Sanusi Barkindo urges American oil producers to reduce production in a bid to prop up crude oil prices.
Iain Conn, boss of the British Gas' owner, says move could have opposite effect and result in higher prices across the board.
Petrochemicals company completes purchase of Danish firm's oil and gas business expanding its operations in the region.
Brent futures spike on anticipation of higher demand and geopolitical tension.
Electric cars require four times as much copper to manufacture compared to traditional fossil fuel variants.
ExxonMobil's 12-year reign at the top comes to an end as lower oil price sends it tumbling down the pecking order.
Babur Ozden, co-founder of Maana, who works with the biggest names in the oil and sector believes it's wrong to presume the industry trails digitally.
FTSE 100 miner to divest stake a mere nine months after buying it in conjunction with Qatar Investment Authority.
Russian majority state-owned company's CEO Igor Sechin says Opec deal has 'no impact' on market.