Petrol price: This is where your money actually goes

To understand how the fuel price is comprised, the Automobile Association (AA) gives us this snapshot of how the cost of every litre of petrol inland, and at the coast, is determined.

OPEC ex-head of research: Oil price at $40 by yearend

Brent crude will be lower by the end of the year as production is set to increase from Iraq and Iran, shale oil output stabilizes while demand slows, according to OPEC’s former head of research