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The price of crude oil could tumble to $20 a barrel in the coming months if China’s currency continues to decline against the US...
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The price of crude oil could tumble to $20 a barrel in the coming months if China’s currency continues to decline against the US...
Venezuelan president Nicolás Maduro has declared an economic emergency, seeking broad powers to address a crippling recession in the oil-dependent country after official figures...
Oil prices surged temporarily on Tuesday, reaching their highest levels in more than a week after Russia and Saudi Arabia provided the markets with...
Oil industry effects Up to 65,000 jobs have already been lost from the British offshore oil industry since the cost of crude fell from...
Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped...
The FTSE 100 has fallen to a three-year low as global markets dropped sharply again, with investors unnerved by a further plunge in oil...
Inflation was negative for a second successive month in October, at -0.1%, as price cuts for food and the fading effect of increased student...
BP has further reduced its spending plans after the oil price collapse caused profit to slump by 40% in the third quarter. Profit for...
Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition. Its decision, which has been welcomed by...
The price of oil could more than halve again, to just $20 (£13) a barrel, experts at Goldman Sachs are predicting, a shift which...