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Added on the 06/09/2016 13:45:14 - Copyright : Reuters EN
Oil has slipped towards $47 a barrel, falling further from the previous session's one-week high on receding hopes for imminent action to tackle a supply glut. Sonia Legg reports
OPEC ministers are bracing for a stormy meeting in Vienna Friday where they will discuss a Saudi proposal to hike oil output despite fierce resistance from Iran, setting the stage for a showdown between the arch foes. 1ST IMAGES
France's Total and Italy's Eni have both reported profit pain from low oil prices and there's no sign of an end to the agony. As Ciara Lee reports, oil prices have been heading for the biggest weekly losses in six weeks as doubts emerge that there won't be an output cut big enough to curb a global glut.
Oil has fallen back from one-year highs, knocked by concern that a production cut by the world's largest exporters might not be enough to erode a two-year old global surplus of unwanted crude oil. Hayley Platt reports
Oil prices rallied on Monday after Venezuela's President Nicolas Maduro said an OPEC deal to limit the production of oil could be struck this month. Kate King reports
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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