Here's a prediction: the Brent price fixing scandal will turn out to be larger than Libor. Energy prices ripple throughout the real economy and there will be not thousands but millions of angry punters ready to exercise a grievance if any of these allegations turn out to be true.

Oil companies BP and Shell are being investigated over allegations of price-fixing, distortions that could have harmed ordinary consumers. Norwegia...

Oil company BP is being investigated over allegations of price-fixing, it emerged on Tuesday night. The European Commission said a series of unannounc...

Engine maker Rolls-Royce has posted its 10th year in a row of rising underlying profits - up 24% to £1.4 billion - and announced BP director Ian Davi...

Oil giant BP revealed its profits had been hit by the fallout from the Deepwater Horizon oil rig disaster, posting a net profit of $3.99 billion (£2....

Guerillas are waging a battle against Western interests in the vast Sahara desert, turing the region into a "theatre of war", an expert has warned. ...

"Several" British nationals have been caught up in a terrorist attack on an oil facility in Algeria, Downing Street have said. UK sources were unab...

Transocean, the company which leased the Deepwater Horizon rig to oil giant BP, has been fined $1.4 billion (£860 million) after admitting its role i...

Oil giant BP is to pay the biggest fine in US history after agreeing a £2.8 billion settlement with authorities for claims relating to the Deepwater ...

BP will be fined a record multi-billion amount by the US government and two of its staff will reportedly face manslaughter charges as a result of the ...

BP's hopes of reaching a settlement over the Deepwater Horizon catastrophe were dealt a blow on Wednesday after it emerged that the US government inte...

Oil giant BP is reportedly nearing a £7.4 billion settlement with US authorities as it seeks to draw a line under the Deepwater Horizon disaster. ...

Oil giant BP is reportedly nearing a £7.4 billion settlement with US authorities as it seeks to draw a line under the Deepwater Horizon disaster. ...

Shwan Zulal This article first appeared on Niqash The battle for Iraq's oil goes on. Iraqi Kurdistan is intent on controlling its own oil, Baghdad i...

BP should have done more to prevent the Gulf of Mexico oil spill two years ago but the company's complacency was not unique in the industry, former CEO Tony Hayward said this week in his most public comments yet about the disaster.

Human rights and environmental pressure groups have joined forces today in a campaign against three sponsors of the London Olympics. The protest ca...

BP's top bosses contended with screaming environmental protesters, a backlash on executive pay and more anger over the company's record in the Gulf of...

The boss of BP was awarded a bonus worth more than half a million pounds for 2011 today despite a turbulent year which saw a landmark deal to explore ...

BP is to outlay £4.9 billion on thousands of people hit by by the oil giant's Gulf of Mexico disaster. The company said it expected the money - 7....

The price of petrol has reached a record high, meaning more misery for hard-pressed motorists. The average cost of a litre of petrol has risen to 1...