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Crude oil prices have doubled since February’s low of $32 a barrel, raising concerns that global economic recovery could be jeopardised
ExxonMobil and Royal Dutch Shell, the two biggest western oil companies, won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies
The time to find a different means to measure crude may be approaching as the traditional benchmarks of Brent and West Texas Intermediate are challenged, write Javier Blas and Gregory Meyer
As world leaders prepare to gather in Copenhagen for next month’s climate change summit, the Niger delta’s gas flares serve as reminders of the difficulties of their task
BP still has ‘systemic safety’ issues four years after an explosion at its Texas refinery killed 15 people and injured 170, the US government said as it issued a record $87.4m in proposed fines on the UK oil group
Energy group confirms it is on negotiations with Indian conglomerate over sites in Germany and UK as part of strategy to focus on large, integrated complexes

Track the price of crude and compare it with other commodities and global stock market indexes.

Interactive map: How rising oil prices are forcing leaders to reconsider their approach to subsidies and taxation
Demand in emerging markets will lend tremendous support to the global crude market in 2010
When the bubble burst, the letdown for oilfield service companies was brutal but awful quarterly earnings are not denting investor enthusiasm
Politicians know that voters will punish them if fuel prices soar, or if there are electricity shortages. But they also know that if they openly put the search for oil at the heart of their foreign policies, they are liable to be denounced as cynical and immoral, writes Gideon Rachman
Nigeria’s plan to pass 10 per cent of oil revenues directly on to Niger Delta citizens is a chance to escape the chaos that threatens to engulf it before it is too late.
Despite recent finds, the world is still heading for an oil crunch, not necessarily due to scarcity but because low investment and long lead-times mean it cannot keep up with demand
Poor but resource-rich countries tend to be underdeveloped not despite their resources, but because of them, writes Moisés Naím