Crude Oil

Osborne said 'more action' is needed to boost the UK's struggling oil industry.

President Xi expects two-way trade between China and Latin America to rise to $500bn within 10 years.

US crude oil fell to as low as $49.32 in today's trading session.

US crude output at record level as Saudi Aramco adopts dual pricing strategy

In 2013 and 2012 oil prices averaged $100/bbl.

Oil price drop means a significant cut in jet fuel bills.

The head of Opec reiterated that it will not try to stop plunging oil prices by reducing output.

The IEA, oil cartel Opec and the US EIA have all lowered their 2015 demand forecasts.

Oil prices have dropped 40% since June.

US produces about 3.5 million barrels of tight oil a day and some 9.5 trillion cubic feet of shale gas per year.

Free fall in oil prices continues and Brent likely to remain at $65/barrel for next few months.

Oil prices drop post release of Chinese monthly trade data that missed expectations.

Deal follows energy reforms in Mexico that ended Pemex's decades-long monopoly.

Moody's lowers its pricing outlook for Brent and WTI crude oils for 2015 and 2016.

Oil cartel Opec's member nations to meet on 27 November in Vienna.

Oil prices have lost 30% since June peak on increased supply and slowdown in Europe and China.

Weak data from top energy consumer China has fuelled worries about oil demand amid a global supply glut.

BP profits fell 21% in the third quarter compared to the same period in 2013.

Saudi Arabia halted production at the jointly run Khafji oilfield last week.

European banks' stress test results revealing little threat to banking system aid sentiment.

US Treasury official threatens to impose economic sanctions on buyers of Isis oil.

World Energy Day is celebrated on 22 October to draw attention to energy policy and the environment.

Opec members might prefer to keep selling at lower prices than lose their market.

Global oil supply rose by almost 910,000 bpd in September to 93.8 million bpd.

US petroleum production has been steadily increasing due to shale boom.

Oil futures under pressure as supplies rise amid dismal global economic data and weak demand.

Brent crude maintains downtrend as IEA and Opec predict lower demand.

Brent and US crude shed over 2% each in August.

Brent crude is back near a thirteen-week-low as Kurds in Iraq have recaptured most of the big oil sources from the Islamist militants, easing supply worries.

Spot Brent has fallen below the $104-$103 support region, opening up new lows near $100 for the commodity.