oil prices

Danske Bank expects oil prices to fall further in the short term.

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

In the budget announced for the next year, spending has been pegged at 860bn riyals and revenue generation at 715bn riyals.

Russian government expects economy to shrink by 0.8% in 2015.

Armed factions in Libya are battling for control of the Opec member.

Supply glut, fuelled by US shale production and weak global demand, hits prices hard.

US crude oil inventories surprisingly rose by 7.3 million barrels last week, to their highest December level on record.

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Opec producers banking on slowdown in US shale boom and rising demand fuelled by low prices.

Brent crude oil could bottom-out at $40 before recovering slightly as US shale production drops.

Al-Naimi reiterated that his country is not conspiring to target US and Russian oil producers.

Opec has controlled the global oil market and has set oil prices for almost half a century until now.

Crude oil prices have dropped some 50% since their peak in June: their steepest fall since the 2008 financial crisis.

Stock markets across the Gulf rallied on Thursday after oil prices steadied.

Analysts say oil price of $65 a barrel in 2015 will trigger the biggest drop in project finance in decades.

Brent crude oil reached a five-year-low of $58.50 a barrel this week.

Brindex warned of the damage low oil prices will cause to UK industry.

Oil firms are set to reduce capital expenditure due to slide in oil prices.

Developing Asia now expected to expand by 6.1% this year and 6.2% in 2015.

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

Bond investors have already been stung by the biggest losses from US energy company debt in six years.

Russian corporate and sovereign bonds make up 21% of Pimco's $3.3bn Emerging Markets Bond Fund

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

Oil prices have lost over 40% since June this year on oversupply concerns.

Oil prices have dropped 40% since June.

Brent crude oil contract fell below the $65 per barrel mark for the first time in more than five years.

Crude prices have dropped some 40% since June on oversupply concerns.

BP has sold $43bn of assets to pay for Deepwater spill and is under more pressure from tumbling oil prices.

Brent crude oil has fallen from $115 per barrel to under $69 today, a price not seen since 2009.

Edmund Shing explains why oil prices are falling, and what the potential BP-buyout could mean