The price of oil is at a record low, with a barrel less than half of what it cost a year ago. Why is the price dropping and what might be the consequences?
Two of the world's largest oil producers see a consensus emerging between OPEC and non-OPEC states for long-term cooperation on stabilizing oil prices, including the extension of output cuts expiring at the end of 2018.
Global oil prices fell after the US-led airstrikes in Syria at the weekend, having spiked last week on fears Middle East tensions might escalate. Eyes now turn to how Syria's key sponsors, Russia and Iran, react.
The International Energy Agency (IEA) has warned that global oil supplies could be severely impacted by the US decision to pull out of the Iran nuclear deal. Crisis-hit Venezuela constituted another big risk, it added.
Oil prices have jumped to levels last seen in 2014, after the United States decided to re-impose sanctions on Iran, threatening to tighten global oil markets and likely to derail billions of dollars in business deals.
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