oil prices

State-owned Aramco has an over 10% market share in China and now wants to boost supplies, says CEO Khalid Al-Falih.

Saudi Arabia's oil minister earlier said it is not sole responsibility of Opec to raise oil prices.

Osborne announced a tax allowance and a cut in the tax on petroleum tax revenues from 50% to 35%.

Government must announce bold oil tax changes in the budget to inject new life into the battered North Sea.

US crude oil price falls to six-year low on Monday in New York.

Opec cartel maintained production in bid to protect market share after oil price collapsed in 2014.

Energy watchdog IEA's report fuels concerns that the global supply glut and a storage dearth in the US will hit prices.

Russia believes the worst of economic turmoil, Western sanctions and oil price could soon be over.

Germany's largest utility E.ON suffered its biggest ever annual loss in 2014

Saudi Arabian Oil Minister Ali al-Naimi said he expected the oil market to balance and prices to stabilise.

Value of goods and services exported to Russia by these three countries will shrink by between 18% and 25%.

Russian economy expected to enter recession in 2015.

Russian central bank earlier projected losses at $160bn per year, if oil prices remain around $45 per barrel.

Saudi Arabia has fiercely protected market share since oil prices began to slide in June last year.

About two per cent of the UK's economy is affected by North Sea oil and gas with direct and indirect employment reported to be in the region of 450,000

GDP grew an annualised 2.2% due primarily to rebound in exports, but growth missed economists' expectations.

Brazil's troubled oil giant will release audited 2014 results to fend off £32.5bn loan default

Igor Sechin said some countries are pursuing their personal interests and undermining other members within the oil cartel.

Libya mired in violence and even has two rival governments.

The bill will bring an end to the collection of debts owed for non-payment of the Community Charge (aka Poll Tax) in Scotland.

US crude in the $26-$30 price range will signal that a global recession is inevitable, according to a Convergex survey.

No change expected in Saudi oil policy following death of King Abdullah bin Abdulaziz al-Saud.

Oil prices have crashed 60% since summer 2014.

Halliburton's $35bn deal to acquire Baker Hughes "more compelling" now, says Halliburton CEO Dave Lesar.

The world's largest oilfield services provider said it will cut 7% of its workforce.

Oil prices have plunged 60% over the last six months.

Reserve Bank of India (RBI) cuts its main lending rate or repo rate by 25 basis points to 7.75%.

UK inflation at 0.5% in December is no need for alarm, says the Chancellor.

Prince Alwaleed bin Talal defends Saudi decision not to cut production to boost prices.

Oil prices have fallen over around 50% from 2012 and 2013.