Scottish taxes collected from oil production fell from £1.8bn in 2015 to just £60m in 2016
Following December's agreement to cut production, OPEC alignment has never been greater, Saudi energy minister Khalid A. Al-Falih stated.
Iran Oil Minister Zangeneh commented on production Thursday.
Saudis lose top spot for 1st time since March
Motoring groups warned the deal could add up to £5 to the cost of filling up an average family car
The more expensive oil and gas are, the greater the financial pressure to shift to non-carbon alternatives
Opec will reduce production by 1.2 million barrels to a ceiling of 32.5 million a day
The oil producing cartel has secured a PR win, but it's open to question whether it will achieve its aim of sustainably higher prices
The cartel has been flooding the world market with cheap oil, apparently in a bid to put shale oil producers out of business.
Brent crude rose above $50 a barrel to its highest price level since August on Monday
Quite why Sir Alan Duncan, Foreign Office Minister of State for Europe, should find it necessary to visit Bahrain in the last few days remains something of mystery
In a decision led by a rapprochement between Saudi Arabia and Iran, OPEC ministers decided to cut production by 750,000 barrels a day
The IEA forecast for 2017 was cut by 100,000 barrels from last month following a revision to the global economic outlook by the International Monetary Fund after Britain voted to leave the EU
Supply disruptions and falling US output have helped cut a global surplus, sparking a rally of more than 85%
Oil extends slide as members decide against production ceiling
No indication OPEC is seeking to change current production