The fall in global oil prices has led to a decrease in the price of Russia's flagship oil grade, Urals, to $50 per barrel, Bloomberg reports. According to the news agency, the decline in oil prices ...

Here's an economic truth that fossil fuel detractors rarely talk about: The U.S. oil industry has done more to reduce its country’s trade deficit than any other. Thanks to geological luck ...

Russian oil is trading at about $50 a barrel. That's well below Moscow's forecasts, but not low enough to force Vladimir ...

BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say ...