The blaze has led to cuts equivalent to about 40 percent of Canada’s oil-sands production
Tensions between Saudi Arabia and Iran were blamed for the failure to reach a deal
Prince Mohammed bin Salman says reform programme will raise an extra $100bn (£70bn) in revenues a year by 2020
A delegate made the announcement ahead of the next meeting of the Organisation of Petroleum Exporting Countries on April 17
Redundancies come as analysts say crude could bottom out at just $10 a barrel
Prices have been sliding since OPEC refused to slow production when it met on December 4
The price of Brent crude oil dropped to a seven year low
The financial stability of Russia is at stake if the price of oil falls below $30 a barrel
Voters narrowly elected Hugo Chavez's hand-picked successor as president today, in a razor-close election.
Originally made as a TV mini-series, this biopic of a terror icon rivetingly charts his descent from principle to expediency
Saudi Arabia will raise oil production to record levels within weeks in an attempt to avert an escalation of social and political unrest around the world. King Abdullah signalled the commitment to the UN secretary general, Ban Ki-moon, at the weekend after the impact of skyrocketing oil prices on food sparked protests and riots from Spain to South Korea.
Gordon Brown today insisted he was the right person to guide Britain through difficult economic times, as he continued his effort to reassert his authority in the wake of the worst weeks of his premiership.