Mohammed Sanusi Barkindo urges American oil producers to reduce production in a bid to prop up crude oil prices.
Sterling loses ground as fallout from Conservative party upheaval hits market sentiment.
The Prime Minister started by eulogising free markets in her Tory Party Conference speech and ended up talking price controls in a paradoxically daft narrative.
Iain Conn, boss of the British Gas' owner, says move could have opposite effect and result in higher prices across the board.
Sterling jumps against the euro and dollar on stronger intraday sentiment yet Brexit doubts lurk.
S&P Global Ratings opines the current recovery in Europe won't be a false dawn and can be sustained.
Petrochemicals company completes purchase of Danish firm's oil and gas business expanding its operations in the region.
Prime Minister says Britain needs to continue dealing with its debts and that flexible markets encourage prosperity.
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.
The FX firm has recently acquired a banking licence as it expands into US and Europe.
Ratings agency raises alarm over rapid build-up of debt but Beijing says economic fundamentals remain strong.
An interest rate hike that looked increasingly unlikely in December is both back on the table and gaining support.
Sterling had fallen overnight against the US dollar following Federal Reserve decision to hike interest rates.
Sterling climbs above $1.36 after BoE policymaker suggests rate rise could happen in November.
BoE votes 7-2 in favour of keeping interest rates unchanged but signals monetary policy could soon be tightened.
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.
The British currency rallies after inflation expectations fuels interest rate hike speculation
Many in the market are expecting a more hawkish tone from the UK central bank.