Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel.

• May 10, 2016

Managing Saudi Arabia's new energy mega-ministry, set to oversee over half the economy and designed to cut through a tangled bureaucracy to make government more coherent and efficient, will be a formidable challenge.

• May 8, 2016

North Korean leader Kim Jong Un on Friday hailed the country's recent nuclear test and launch of a satellite into space, as he opened the first congress of the country's ruling Workers' Party in 36 years.

• May 6, 2016

Oil prices surged on Thursday after a raging wildfire near Canada's oil sands region curbed output that mainly flows to the United States, before settling off their highs as a rebounding dollar and a huge U.S. stockpile build cut into gains.

• May 4, 2016

Yemeni government forces and their Emirati allies took back control of the country's largest oil export terminal from al Qaeda on Monday, security officials said, a day after routing the militants from their nearby stronghold.

• April 25, 2016

The powerful young prince overseeing Saudi Arabia's economy unveiled ambitious plans on Monday aimed at ending the kingdom's "addiction" to oil and transforming it into a global investment power.

• April 25, 2016

Saudi Arabia and Russia both have the capacity to steeply increase oil production, Russian Energy Minister Alexander Novak said on Wednesday, and he said he was not confident exporters would be able to agree on freezing their output by June.

• April 20, 2016

Oil prices jumped more than 3 percent on Tuesday after a strike by workers in Kuwait nearly halved the OPEC member's crude production, overshadowing bearish sentiment after Sunday's failure by producers to agree to freeze output levels.

• April 19, 2016