When oil is no longer in demandThe EconomistSTEWART SPENCE WAS a young hotelier in Aberdeen in 1971 when he first realised what an oil rush meant. His hotel, the Commodore, was the only one in the Scottish city with en-suite bathrooms. One day an American …

Investing.comOil prices edge higher in holiday-thinned tradeInvesting.comInvesting.com - Oil prices edged higher on Thursday as uncertainty over a planned OPEC-led output cut and thin liquidity due to the U.S. Thanksgiving holiday weighed. U.S. crude was a …

RTWhat happens to oil if Trump tears up Iran nuclear dealRTFrom Iran's perspective, the deal also paved the way for a return to international markets, and allowed them to ramp up oil production and exports. All told, Iranian oil exports had dropped fro …

Oil and gas revenue to rise, predicts OBRBBC NewsRevenue from oil and gas tax is expected to rise over the next four years, according to the Office for Budget Responsibility. Documents published with the Autumn Statement forecast a rise in the price of bot …

ReutersRisking flames and mines, Iraq oil workers battle to cap burning wellsReutersQayyara's burning oil fields vividly depict the destruction the group wrought on northern Iraq, as Iraqi forces backed by a U.S.-led coalition battle to drive the jihad …

BloombergWhat Will Lift the World Economy? Goldman Says Higher Oil PricesBloombergHigher oil prices would be a boon for the global economy, according to Goldman Sachs Group Inc. Pricey crude means economies such as Saudi Arabia take in more money than they …

Deutsche WelleLow oil prices force rethink on reforms in Gulf statesDeutsche WelleAccording to the International Monetary Fund (IMF), Saudi Arabia's gold reserves, valued at approximately $670 billion (613 billion euros), will be used up within five ye …