Try the new FT.com
©Bloomberg

OIL PRICES

The oil industry is being shaped by one of the most dramatic price movements of recent times that has changed the corporate landscape for oil companies, created a windfall of lower energy costs for oil consumers and has huge implications for the economies of oil exporters.

Texas: US oil production has proved more resilient than many expected

Making the most of the shale dividend

The energy landscape after Opec’s concession poses risks and rewards

Riyadh and Tehran pour oil on troubled waters

How sworn enemies reached a pact on crude production

APR 2 1965, SEP 14 1967; Davis, Edward Mike; Buys million acres in oil leases.; (Photo By Ed Maker/The Denver Post via Getty Images)

‘Tiger Mike’ Davis, oilman, 1931-2016

‘Grumpiest boss’ whose bluster belied a subtler side

Rare voice calls bottom for Nigeria

Naira now ‘below fair value’ despite recession, raging inflation and severe dollar shortage

UK housebuilders hit by mortgages dip

FTSE jumps in response to Opec’s first production cut in 8 years

Opec agreement faces array of hurdles

The cartel lives on, but who will cut output, and when?

Oil prices enjoy a Charlie Brown moment

Investors reacted with delight to Opec production cuts

©FT; AFP

Opec: oil my goodness

The oil cartel beast stirs itself again

Oil stocks rally following Opec deal

Promise to scale back production sparks rise in global indices

Commodity sector rally set to be extended

Supply/demand fundamentals may prove more supportive of prices

Opec to curb output in first deal since 2008

Crude prices steady after ministers reach accord on production curbs

Occidental Leads Onshore Rush Amid Offshore Crackdown...Occidental Petroleum Corp.'s onshore Goldsmith field in the Permian Basin, near Midland, Texas, U.S., is seen in this undated handout photo provided to the media on Wednesday, May 19, 2010. Occidental Petroleum Corp., the oil explorer that pumps enough crude to fill a supertanker every four days, is leading a rush to find oil on land as BP Plc's Gulf of Mexico disaster spurs tougher offshore-drilling rules. Source: Occidental Petroleum Corp. via Bloomberg
EDITOR'S NOTE: EDITORIAL USE ONLY. NO SALES.

Opec output cut a boon for US shale sector

The higher prices rises, the more rigs can be put back to work, writes Ed Crooks

Opec agrees on need for output cut

Consensus by 14-member group sends crude prices up more than 5%

Turnround starts at scandal-hit Petrobras

New chief begins gargantuan task of reviving oil group by cutting its vast debts

Opec in Algiers: what to watch

Traders sceptical the cartel can agree a freeze

BP’s Australia drilling plans delayed

Authorities request more information on plans to drill in marine park

Iran snubs Saudi offer to cap oil output

Tehran wants 13% of Opec’s production before any agreement

UK oil output up but exploration slumps

Industry chiefs warn North Sea production risks more big declines

Hedge funds cut bullish oil bets

Oil swings as nervousness grows ahead of producers’ meeting

Expectations low for Opec output deal

Biggest members remain far apart ahead of Algiers meeting

Mercuria sets sights on US crude exports

Commodity traders look to profit from shale boom

Global oil inventories: bearish or bullish?

While historically bearish in OECD countries, hefty inventories in EMs are a bullish signal for oil

‘Africa rising’ narrative is hit by recession realities

Young Nigerians turn to ‘value’ brands to make ends meet

Oil price fall is main reason for tough times in Nigeria

The country’s status as Africa’s largest economy is under threat

Niger Delta militants attack oil pipeline

Attacks on oil installations have cut production by 40%

Valuing (worthless) Venezuelan oil bonds

John Dizard asks if the bonds issued by PDVSA are intrinsically worth a lot or nothing at all

Saudis back oil cut tied to Iran freeze

Search for consensus goes on as glut batters prices

Fed eyes rise in banks’ commodities capital

Proposed rule seeks to address liability from spills

Saudi Aramco’s oil facility in Dammam
©AFP / Getty Images

Saudi Arabia backs oil production cut

Kingdom lays down terms for action at Algiers meeting

Angola oil revamp tests Trafigura ties

Country restricts spending and forges ties with rival trading houses

Energy sector is called to account

Regulatory probes signal why reforms are needed on reporting standards

Robert Uggla, chief executive of AP Moller Holding
©FT Graphic / Bloomberg

Maersk break-up will hang on family ties

Despite shipping woes, the Danish group will take long-term view

Are oil stocks good value?

Shares back to 2011 levels, but oil price still languishes

Rosneft: Siberian spring

New drilling in Soviet-era brownfields makes it unlikely that Russia will help ease the global glut

US petrol stocks drop on Colonial outage

Pipeline supplying US east coast with petrol forces drawdown

Petrobras cuts investment by a quarter

Brazil’s debt-laden oil group to invest $74.1bn between 2017-2021

Exxon: drilling for earnings

New York attorney-general’s investigation of asset values is a fuss about not much

Oil rises on hopes for output deal

Growing glut gives urgency to producer talks in Algeria next week

Oil gains on hopes of output freeze deal

Venezuela says big producers close to agreement

Energy: untapped potential

Despite vast reserves of shale oil and gas and huge scope to produce renewable power, the country’s energy market is beset with patchy supply and low capacity

FT SERIES

A new series about the far-reaching implications of the protracted slump in oil prices

Offshore rig operators reel from oil price rout
Seadrill, Ensco and others report losses as producers curtail costly projects

Corporate winners and losers amid the oil price crash
Airlines are beneficiaries of cheap fuel, but consumer goods groups are not getting a big boost

Oil price: ‘Shot in the arm’ misses economic target
A lacklustre global economy is yet to reap the benefit of consumers spending less at the pump

US oil and gas sector reboots to survive
Groups have cut costs to the bone but some with large debts risk bankruptcy

Saudi Arabia loses oil market share to rivals in key nations
World’s largest oil exporter suffers setback amid low prices

Rosneft runs to stand still amid oil crash
Russian oil sector needs to invest to maintain output

Get the data: Energy debt
See the funds exposed to junk energy debt

Oil and gas: Debt fears flare up
The $3tn debt mountain following the sector’s borrowing binge threatens further destabilisation

Bondholders suffer $150bn oil price hit
Rising default fears cut $2.3tn from energy groups’ market value

SHARE THIS QUOTE