A trio of incidents in Moneymore, Northern Ireland have prompted police to issue a warning to domestic heating oil customers to be on their guard against thieves.While oil prices have plummeted in recent months, this has not stopped criminals from targeting oil tanks outside houses and farms.Accordi... More
Crude oil prices showed signs of recovery on Wednesday as values climbed to more than $42 (£30) a barrel.This rise marks a second successive day of increases after crude oil prices jumped four per cent on Tuesday.The oil market was boosted by reports of high compliance by Opec members with the ... More
Crude oil prices climbed four per cent as the US stock market rebounded from recent falls.Despite reports that Opec could take steps to reduce output further next month in a bid to rebalance the market and boost prices, values fell to less than $39 (£27) a barrel on Monday.However, the oil mark... More
Crude oil prices fell again on Monday as the economic crisis continued to take its toll on the world market.The downturn has seen global demand for the fuel plummet, causing prices to drop by over $100 (£69) since reaching summer highs of almost $150.Despite a series of production cuts by Opec,... More
The price of crude oil could begin to rise as Opec supply cuts begin to take effect on the market, an official has claimed.According to the official Islamic Republic News Agency, National Iranian Oil Company managing director Seifollah Jashnsaz said values could begin to recover in the near future, ... More
Oil prices climbed as much as 14 per cent on Thursday as the market showed signs of an unexpected recovery.US crude for March delivery rose by $4.86 to settle at $39.48 (£28) a barrel, bringing an end to a series of oil price falls over recent weeks.London Brent crude for April also rallied to ... More
The current downturn in the oil market could be "sowing the seeds" for future price hikes, analysts have claimed.Crude oil prices have plummeted in recent months, falling from highs of close to $150 (£105) a barrel in the summer.The global economic crisis has caused demand for the fue... More
The oil market took another significant downturn on Tuesday as prices dropped by up to seven per cent.US crude oil for March delivery fell $2.58 to settle at $34.93 (£25) a barrel, while London Brent crude for April sank to $41.03 after a fall of $2.25.The drops came on the back of continued ec... More
Crude oil prices fell on Monday, cancelling out some of the gains made towards the end of last week.US crude had experienced a price rise of more than ten per cent on Friday as values rallied on the back of President Obama's economic stimulus plans.However, the release of new economic data at the be... More
Residents in Wales are being urged to take steps to secure their oil tanks following a spate of thefts in the area.Criminals have struck at a number of premises in Haverfordwest and have targeted both diesel fuel and home heating oil in the attacks, the Tivy-Side Advertiser reports.Neighbourhood pol... More
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