FuelFix (blog)US oil trades at $40FuelFix (blog)West Texas Intermediate oil has surged about 50 percent since slumping to a 12-year low last month on speculation a global surplus will ease. American shale output is falling and some of the world's bigge …

CNNMoneyCheap oil hits Middle East budgets: We can no longer 'provide for everything'CNNMoneyRobin Mills, CEO of oil consultancy Qamar Energy, said the move triggered a domino effect. "Once one country feels able to take the step of removing s …

CNNMoney5 countries crushed by oil price collapseCNNMoneyOil has collapsed below $37 a barrel, compared to over $100 in mid-2014. Global oil glut, OPEC's determination to pump like there is no tomorrow, and slowing demand from China and other countries …

Telegraph.co.ukSaudi Arabia unveils record deficit as it succumbs to oil price routTelegraph.co.ukThe country's deficit rose to 367bn riyals (£66bn), after government spending rose 13pc above officials' plans in the wake of declining oil prices and …

MarketsOil prices 'could sink to near $20', warns GoldmanFinancial TimesThe oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016 on further OPEC production growth, resilient non-OPEC supply a …

BloombergWhy Vladimir Putin Won't Be Helping OPEC to Cut Oil ProductionBloombergFew things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such a move was afoot last month drove crude t …