The BBC's correspondents around the world look at who's benefiting and who's hurting from the shock fall in oil prices. Follow their reports on TV, on radio and online. Special report: Energy Opec wants an additional 1.5 million barrels per day (bpd) of oil cuts until the end of 2020, in order to support prices hit by the coronavirus. Oil markets explained Big movements in the oil price have significant ramifications around the world. But just what makes the price move and how do the oil markets work? BBC News takes a closer look. Crude oil, also known as petroleum, is the world's most actively traded commodity. The largest markets are in London, New York and Singapore but

The fall in the oil price has been causing concern for several members of the oil cartel, as most require a price above $80 a barrel to balance their government budgets and many need prices to be Oil price hits four-year high of $81 Yemen's conflict in 400 words Production facilities, trading routes and pipelines which thread through the region could all be vulnerable to future attacks. Although Saudi Arabia needs oil prices to be around $85 in the longer term, it has deep pockets with a reserve fund of some $700bn - so can withstand lower prices for some time. BBC News market data provides up-to-the-minute news and financial data on hundreds of global companies and their share prices, market indices, currencies, commodities and economies. Oil prices crashed in Asia on Monday by around 30% in what analysts are calling the start of a price war. Top oil exporter Saudi Arabia slashed its oil prices at the weekend after it failed to The BBC's correspondents around the world look at who's benefiting and who's hurting from the shock fall in oil prices. Follow their reports on TV, on radio and online. Special report: Energy Opec wants an additional 1.5 million barrels per day (bpd) of oil cuts until the end of 2020, in order to support prices hit by the coronavirus.

Gasoline prices are hovering not far below the $3-a-gallon mark in the US, while UK petrol retailers have warned prices could soon rise above £1 a litre. But on the other side of the fence, oil giants such as ExxonMobil and BP are having a wonderful time, while oil-rich countries are also smiling.

Oil prices fell around the world on Thursday, after latest data showed that US inventories fell less than expected, due to US refineries consuming less crude oil than the week before and processing 2% less oil than the same period in 2018. Brent Crude Oil Futures fell 0.4% to $63.54 a barrel. Oil prices have hit a four-year high of over $81 (£62) a barrel after Saudi Arabia and Russia rejected calls by Donald Trump to increase production. Brent crude hit its highest level since November 2014 at $81.16 a barrel, up 3% on the day. Saudi Arabia leads the Opec oil cartel, Asian stock markets started Monday trading spooked by a major crash in oil prices. In Japan, the benchmark Nikkei 225 index crashed 6.1% while in Australia, the ASX 200 dropped about 6% in early US oil prices finished up 14.7%, the biggest jump since 2008. Prices fell back after President Donald Trump vowed to release US reserves.

BBC News market data provides up-to-the-minute news and financial data on hundreds of global companies and their share prices, market indices, currencies, commodities and economies.

Oil prices have dropped to their lowest level in over eight months amid fears about a slowdown in demand. International benchmark Brent crude dropped almost 7% to $65.11 (£50.24) a barrel, its lowest level since March. US oil - known as West Texas Intermediate - fell over 7% to $55.69, The fall in the oil price has been causing concern for several members of the oil cartel, as most require a price above $80 a barrel to balance their government budgets and many need prices to be Oil price hits four-year high of $81 Yemen's conflict in 400 words Production facilities, trading routes and pipelines which thread through the region could all be vulnerable to future attacks. Although Saudi Arabia needs oil prices to be around $85 in the longer term, it has deep pockets with a reserve fund of some $700bn - so can withstand lower prices for some time. BBC News market data provides up-to-the-minute news and financial data on hundreds of global companies and their share prices, market indices, currencies, commodities and economies. Oil prices crashed in Asia on Monday by around 30% in what analysts are calling the start of a price war. Top oil exporter Saudi Arabia slashed its oil prices at the weekend after it failed to The BBC's correspondents around the world look at who's benefiting and who's hurting from the shock fall in oil prices. Follow their reports on TV, on radio and online. Special report: Energy

Oil markets explained Big movements in the oil price have significant ramifications around the world. But just what makes the price move and how do the oil markets work? BBC News takes a closer look. Crude oil, also known as petroleum, is the world's most actively traded commodity. The largest markets are in London, New York and Singapore but

9 Mar 2020 Failure of oil cartel Opec and ally Russia to agree to supply cuts has seen prices crash around 30%. BBC News market data provides up-to-the-minute news and financial data on hundreds of global companies and their share prices, market indices, currencies, commodities and economies. Brent Crude Oil Futures. -8.63%. 26.25. -2.48. Oil prices have fallen below $30 a barrel - just how far can they sink, and who is suffering the most? By Matthew West Business reporter, BBC News. 17 Sep 2019 The news immediately calmed the oil markets, with the price falling 7% on Tuesday after Monday's huge spike. Also, President Donald Trump  The price of oil has continued to climb this morning, regaining more of the ground lost during Monday's crash. Brent crude is now up by nearly 10% at $37.64 a barrel, while US WTI crude is also Oil prices fell around the world on Thursday, after latest data showed that US inventories fell less than expected, due to US refineries consuming less crude oil than the week before and processing 2% less oil than the same period in 2018. Brent Crude Oil Futures fell 0.4% to $63.54 a barrel. Oil prices have hit a four-year high of over $81 (£62) a barrel after Saudi Arabia and Russia rejected calls by Donald Trump to increase production. Brent crude hit its highest level since November 2014 at $81.16 a barrel, up 3% on the day. Saudi Arabia leads the Opec oil cartel,

Oil prices have dropped to their lowest level in over eight months amid fears about a slowdown in demand. International benchmark Brent crude dropped almost 7% to $65.11 (£50.24) a barrel, its lowest level since March. US oil - known as West Texas Intermediate - fell over 7% to $55.69,

US oil prices finished up 14.7%, the biggest jump since 2008. Prices fell back after President Donald Trump vowed to release US reserves. Oil prices have dropped to their lowest level in over eight months amid fears about a slowdown in demand. International benchmark Brent crude dropped almost 7% to $65.11 (£50.24) a barrel, its lowest level since March. US oil - known as West Texas Intermediate - fell over 7% to $55.69, The fall in the oil price has been causing concern for several members of the oil cartel, as most require a price above $80 a barrel to balance their government budgets and many need prices to be

The price of oil, or the oil price, generally refers to the spot price of a barrel of benchmark crude By 3 March 2008 the price of oil reached $103.95 a barrel on the New York Mercantile Exchange. Although the oil BBC News. 31 January  Brent crude is up 2.6% today at $53.25 a barrel while US WTI crude is more than 3% higher at $48.23. Prices have also been lifted by hopes that the big oil  9 Mar 2020 Failure of oil cartel Opec and ally Russia to agree to supply cuts has seen prices crash around 30%.