World news about “Oil market” published by euronews.
Shale energy reserve estimate boosted, but cost unclear The full extent of the energy revolution from shale oil and gas is becoming clearer. The US government’s Energy Information Administration says it… 11/06/2013
Iran’s oil production ‘slashed’ by sanctions Iran’s oil production has reportedly been cut to almost its lowest level in 25 years. The Financial Times quoted oil traders and industry watchers as… 04/06/2013
Brussels opens oil ‘price-fixing’ probe The European Commission is looking into whether BP, Royal Dutch Shell and Norwegian company Statoil may have “colluded” to manipulate oil product… 15/05/2013
EU probes oil companies over suspected price manipulation Authorities have raided offices of Shell, BP and Statoil as part of a probe into suspected manipulation of oil prices. The European Commission says it is… 15/05/2013
Oil crisis for OPEC? Rising production of shale oil in the United States is going to help meet most of the world’s new demand for crude over the next five years, according to the… 14/05/2013
EU eases oil export embargo on Syria The EU has decided to ease its embargo on Syrian crude oil to help the country’s opposition movement. It means that European firms will be allowed to import… 22/04/2013
Egyptians suffer cuts and queues as fuel crisis bites The news from Egypt since 2011 has been dominated by politics, upheaval, and religious tensions, but daily needs are becoming a pressing concern. Since the… 12/04/2013
Romanian anger at Chevron shale gas plans Thousands of Romanians across the country have protested against Chevron’s plans to explore for shale gas. The U.S. oil and gas giant wants to begin… 05/04/2013
TNK-BP deal makes Rosneft world’s biggest oil producer Russian state oil company, Rosneft, has closed a 43-billion-euro deal making it the world’s largest oil producer. That represents a victory for the… 22/03/2013
Chavez’s economic legacy called into question The death of Hugo Chavez has raised questions about whether the oil largesse he generously spread through the region will continue. His influence was felt… 06/03/2013
European markets at close: 15.02.2013 15/02/2013
Italian multi-national billion euro investment in Libya Italy’s multi national oil and gas company Eni plans to invest six billion euros in Libya over the next 10 years. The move is designed to develop ongoing… 17/12/2012
OPEC keeps output target OPEC’s oil ministers have agreed to keep the cartel’s output unchanged at 30 million barrels a day. But experts think the producers may soon have to pump less… 12/12/2012
European markets at close: 13.11.2012 13/11/2012
US set to lead world oil production We won’t be using as much oil as was first thought this year or next. The International Energy Agency has trimmed its forecast for world demand. The … 13/11/2012
Fracking in Europe Wojciech Swieton has travelled all over the world as a drilling engineer. He started his search for natural gas in his native Poland, then moved to… 02/11/2012
Bonus interview: Piotr Grzegorz Wozniak, junior minister for shale gas at the Environment Ministry of Poland Complete interview in English with junior minister for shale gas at the Environment Ministry of Poland, Piotr Grzegorz Wozniak. 02/11/2012
European markets at close: 31.10.2012 31/10/2012
BP’s renewed confidence BP was the standout gainer on the FTSE100 on Tuesday thanks to its better-than-expected results. In the third quarter, the British oil company’s net profit… 30/10/2012
European markets at close: 30.10.2012 30/10/2012
Rosneft TNK-BP deal stirs up the oil market A spectacular energy deal as Russian oil giant Rosneft moves to buy the joint venture TNK-BP which would make it the biggest market-listed oil company in the… 26/10/2012
BP buys into Rosneft to stay in Russian game BP is heading towards a fresh start in Russia after the announcement it has sold out its stake in the TNK-BP joint venture to state-owned oil giant… 22/10/2012
Oil: the start of a new world energy era No sector has been spared by the global economic crisis, least of all the energy industry. At the recent Kazenergy Forum in Astana, debates centred on the… 05/10/2012
No oil worries over China’s slowing economy Oil demand in Asia will be maintained despite the slowdown in the region’s economic growth. That was the view of participants at the Kazenergy forum in… 03/10/2012
Total market pleaser Europe’s third-largest oil company was the second biggest winner on a downward Cac40 in Paris. Total’s share price was up 0.8 per cent. The performance was… 24/09/2012
BP looks to Azeri cash to meet production targets British oil giant BP will need subsidies from Azerbaijan’s government to prevent a further slide in output at its Azeri oil project. Oil executives and… 24/09/2012
BP Gulf of Mexico sale raises cash for damages The oil giant BP has sold some of its oil and gas fields in the Gulf of Mexico to an independent company based in Houston for 4.3-billion euros. Plains… 10/09/2012
BP’s spill woes mount The 2010 Gulf of Mexico oil spill continues to haunt BP with the US Justice Department now accusing the British oil giant of “gross negligence and wilful… 05/09/2012
European fuel prices driving down the economy In Business Weekly, the French government has moved to keep fuel prices from increasing further. Ministers said that was because petrol and diesel have… 31/08/2012
Paris pushes petrol price cuts The French government seems to have scored an early victory in its campaign to help drivers by reducing the cost of fuel. On Monday two French supermarket… 27/08/2012
European markets at close: 23.08.2012 23/08/2012
Food crisis warning as prices surge The United Nation’s food agency is warning the world could face a drought-fuelled food crisis of the kind seen in 2007/08. Food prices surged in July after… 09/08/2012
Oil rises on stimulus hopes and supply problems Brent crude oil was up for a fifth straight session on Thursday – briefly it went above $113 a barrel. The main reason – investor hopes for more stimulus… 09/08/2012
BP profits plunge on massive writedown British energy giant BP faces further troubles as lower oil and gas prices, as well as a decline in production due to maintenance work has a negative effect… 31/07/2012
Habshan-Fujairah pipeline opens A pipeline the United Arab Emirates has built to pump oil from its east coast terminals in order to bypass the Strait of Hormuz is about to open. The… 13/07/2012
OPEC sees oil demand growth slowing The energy cartel OPEC is predicting that the growth in demand for oil – which is already weak so far this year – will continue to slow next year. It blamed… 11/07/2012
Oil: what goes up must come down Crude oil prices have fallen as investors focused again on the grim economic situation. Traders also were selling to take profits after the sharp gains in… 04/07/2012
Oil slides on demand worries Oil prices continued to remain low on Tuesday due to expectations of falling demand. That followed another round of poor economic data from the eurozone… 05/06/2012
remlin to take on four horsemen of AAR? A quartet of Russian billionaires and the Kremlin may soon fight it out over BP’s 50 percent share in the country’s third-largest oil producer TNK-BP. BP is… 04/06/2012
Rouble tumbles further on oil price slide The rouble has continued to drop in value, hitting a three year low against the dollar as it slid more than five percent in a week. The Russian currency has… 01/06/2012
BP-TNK heading for divorce? BP is considering selling its half-share of Russia’s third-largest oil producer TNK-BP. The UK oil major said it had received “unsolicited approaches” and… 01/06/2012
TNK-BP resignation reveals further rifts Mikhail Fridman, the head of TNK-BP, Russia’s third largest oil company, has stepped down saying it was for “personal reasons”. Fridman’s resignation is a… 28/05/2012
Aramco, Sumitomo plan petrochemical expansion Saudi Aramco and Japan’s Sumitomo Chemical plan to go ahead with a 5.6 billion euro expansion of a petrochemical project in Saudi Arabia. The announcement… 25/05/2012
Ryanair issues profits warning for 2013 Europe’s biggest budget airline Ryanair has posted its biggest ever annual profit at over half a billion euros, beating forecasts, but warns fuel costs and a… 21/05/2012
EU sanctions hit Iran petrochemical exports Iran’s petrochemical exports have plunged nearly 90 percent in the last two weeks, according to traders and shipping data. That is because most shipping… 17/05/2012
Repsol profit eases YPF worries There was some good news for Spanish energy group Repsol as its quarterly profit came in better than expected. That eased concerns about its ability to fund… 10/05/2012
EU condemns YPF nationalisation The European Parliament has passed a resolution deploring the decision by Argentina’s government to nationalise a controlling stake in YPF, the subsidiary of… 20/04/2012
YPF nationalisation scuppers Chinese deal – reports The nationalisation by Argentina of Spanish controlled oil company YPF has reportedly blocked long time hopes by China’s Sinopec of buying YPF. The… 18/04/2012
Argentina’s YPF seizure slams Repsol shares The Argentinian nightmare caught up with Repsol on the market on Tuesday as its subsidiary YPF was nationalised by Buenos Aires. The Spanish oil company’s… 18/04/2012
Spanish Repsol anger threatens trade There are potentially major financial ramifications to both Spain and Argentina from the decision by the South American country to re-nationalise Repsol… 18/04/2012
Repsol-YPF nationalisation: what can the EU do? For more insight on the escalating row between Spain and Argentina over the nationalisation of Repsol’s subsidiary YPF, euronews went to John Clancy, the… 17/04/2012
Oil price boosts eurozone inflation Inflation continues to rise in the eurozone even though the region’s economy is almost certainly in recession. High world oil prices are being blamed with… 17/04/2012
IEA upbeat on oil prices The International Energy Agency’s latest forecast for oil consumption growth is virtually unchanged from last month. It also says that increased output… 12/04/2012
Oil prices rise on Iran supply fears Oil prices rose again on Thursday, pushed up by concerns over disruptions to supplies from Iran. As well as imminent western sanctions against Tehran… 05/04/2012
Euro crisis over – confidence back? The European economy that has been hibernating for such a long time is finally waking up – or so it seems. EU leaders suggest that the crisis is more or less… 30/03/2012
Feeling the pinch of the energy crisis in Gaza – nocomment Gazans are enduring 18-hour-a-day blackouts. Fuel is running low and people are forced to stand in line for hours in order to fill their jerry cans. 23/03/2012
Costly fuel to hit airline profits The International Air Transport Association has cut its forecast for profits by the world’s airlines this year. Blaming a sharp rise in oil prices, … 20/03/2012
Lagarde warning to China Christine Lagarde, the head of the International Monetary Fund has fired a warning to China to stop being dependent on exports and investment. She said… 19/03/2012
Fed keeps easing option open In this edition of Business Weekly, we bring you the Federal Reserve’s plan to keep US interest rates close to zero until 2014. Host Stefan Grobe discusses… 16/03/2012
UK to help US in oil reserve release Britain is set to lend a hand to the United States with the release of strategic oil reserves. President Obama and Prime Minister Cameron have been… 16/03/2012
Petrol prices pile pain on European consumers The centre of Paris is not the best place to buy petrol, as hypermarkets are far away in the suburbs and a lack of competition means some filling stations are… 14/03/2012
Qatar buys into Total Cash-rich Qatar has become the third investor in French oil company Total after a Belgian investment group and Total’s employees. Groupe Bruxelles Lambert has… 14/03/2012
Oil price rebounds on Chinese demand outlook Oil prices rose on Wednesday from Chinese plans to increase its energy imports this year. Beijing also said it will keep policies to ensure stable export… 07/03/2012
Iran tension boosts oil prices Brent crude has been at its highest price in nine months — above $124 a barrel. US light crude also hit a nine-month high this week. The reasons… 23/02/2012
Oil boosted by Iran and China moves Iran’s decision to halt oil exports to British and French companies helped push the price of Brent crude to its highest in eight months It went above $121 a… 20/02/2012
Greece and Iran push up oil prices Oil prices steadied on Friday with Brent crude near $120 a barrel. They had been pushed up by hopes for a long-awaited Greek bailout deal and tension… 17/02/2012
After Arab uprisings, bleak economic future looms The restive state of the Arab world after the uprisings of the last 13 months means an uncertain economic future for many countries in MENA, the Middle East… 03/02/2012
Oil refiner Petroplus brought down by debt Europe’s largest independent oil refiner, Petroplus, said it is filing for insolvency after failing to work out a deal with the banks to which it owes 1.4… 24/01/2012
EU oil import ban heaps pressure on Iran The EU ban on Iranian oil imports marks a major increase in the international pressure on Tehran to halt its nuclear activities. But what impact will it… 23/01/2012
Towards a low-carbon Europe In this edition of U-talk Fabián, in Spain, asks: “In a world whose economic model is based on oil consumption, do you as a European ecologist think we can do… 20/01/2012
Falkland Islands oil excites explorers Against a background of tension between Britain and Argentina over claims to the Falkland Islands, oil companies say there could be more than eight billion… 19/01/2012
Iran sanctions, who suffers most? For more on the Iran sanctions situation, euronews was joined by Mehrdad Emadi, External Economic Consultant with the European Union. “Mr Emadi, with Europe… 12/01/2012
Kirkuk: financing the future Kirkuk lies on the well of Iraqi oil. The ethnically diverse city contains 40 per cent of the country’s oil exportation, while representing just 2.2 per cent… 12/01/2012
How hard are sanctions hitting Iran? The new year started with the United States tightening its economic sanctions against Iran over its nuclear programme. Additional financial curbs signed… 10/01/2012
Iran tensions boost oil prices Mounting tensions between Iran and the West are sparking concern over possible supply disruptions pushing the price of Brent crude oil above $113 a barrel on… 06/01/2012
Iran sanction poker While Washington is patting backs over Europe’s agreement on Iranian oil sanctions, Tehran’s reaction has been to brush it off. European governments said on… 05/01/2012
Russia’s Rosneft becomes global oil top dog The giant Russian oil company Rosneft has become the biggest producer of crude in the world according to a report in the newspaper Vedemosti. In the first… 22/12/2011
OPEC reaches oil output deal OPEC oil producers have agreed a new production limit that keep output at about the level it is currently. Iran had wanted to cut production, which would… 14/12/2011
Oil prices to remain around $100 As the World Petroleum Congress ended in Doha, Qatar oil prices were forecast to remain at around $100 a barrel next year. Participants in the Congress say… 08/12/2011
BP wins Russian TNK-BP court cases A court in Siberia has thrown out two huge lawsuits against BP. The decision is a key victory for the oil company in the legal battles surrounding its Russian… 11/11/2011
Mixed picture from OPEC The oil producers group has raised its medium and long-term forecasts for oil demand, even as it said there is uncertainty because of Europe’s sovereign debt… 08/11/2011
OPEC cuts oil demand forecast The oil producing group OPEC has cut its global oil demand growth forecast for a fourth straight month. It says that is because of an economic downturn in… 11/10/2011
Medvedev on Syria, Ukraine and Russian ethnic harmony The Russian president Dmitry Medvedev has told euronews he believes the Syrian government is using disproportionate force against pro-democracy protesters… 08/09/2011
Asset rich Libya moves to rebuild economy For the new rulers of Libya, relaunching the country’s oil-export based economy is the priority. To pressure Gaddafi sanctions were imposed and assets… 08/09/2011
BP’s Moscow office raided A fresh blow for BP in Russia as its Moscow office is raided by court officials looking for documents as part of a law suit over the collapse of its attempted… 31/08/2011
Libya facing daunting compromises The Libya of the past 40 years has been dismantled, and now needs building up again. Six months of civil war has left a mess of Tripoli. The capital is not… 30/08/2011
Exxon inks Arctic tie up with Rosneft Top US oil company Exxon Mobil and Russia’s Rosneft have signed a deal to develop oil and gas reserves in the Russian Arctic. The agreement involves the… 30/08/2011
Libyan rebels to honour all legal oil deals Libya’s rebel government has said it will honour all energy contracts granted legally under Muammar Gaddafi’s rule. That followed concerns among Chinese and… 24/08/2011
Libya end-game pulls down oil prices Anticipating the resumption of oil exports from Libya with the end of the civil war there the price of Brent crude in London has fallen. In the US the… 22/08/2011
Libya and dollar hit Total and Eni profits France’s Total has posted lower quarterly earnings despite higher prices for crude oil. It blamed unfavourable exchange rates, production losses in the North… 29/07/2011
Shell’s profits soar but output lower Royal Dutch Shell has reported big profit increases – as did Norway’s Statoil and Spain’s Repsol. But that was due to high oil prices and masked the impact… 28/07/2011
Debt woe pull down crude oil prices Oil prices took a hammering on Monday from growing fears of a sovereign debt default in either the US or one of the euro zone countries. Traders were also… 18/07/2011
Eni invests in Venezuela Italian energy company Eni has signed an agreement to invest five billion euros ($7 billion) in Venezuela’s state oil company over the next seven years. As… 15/07/2011
IEA raises five-year oil demand forecast Increased demand in China is one of the major reasons the International Energy Agency has boosted its oil demand forecast. The IEA, which is the West’s… 16/06/2011
Record Opec earnings predicted this year Opec’s earnings are set to hit a record above $1,000 billion this year, according to the latest estimates from the US Department of Energy. That is up… 15/06/2011
OPEC fails to agree output boost Opec’s talks have collapsed without an agreement to raise oil output. Saudi Arabia had wanted the cartel to pump another 1.5 million barrels a day to pull… 08/06/2011
IATA warns on airline profits from fuel and global turmoil The world’s airlines have more than halved their forecast for profits this year – to just two 2.7 billion euros The International Air Transport… 06/06/2011
OPEC considers pumping more to calm prices OPEC is considering raising its output target by as much as 1.5 million barrels per day to try to pull down sharply higher crude oil prices. The… 02/06/2011
Goldman Sachs raises oil forecast The cost of crude oil has been pushed up by a forecast from analysts at Goldman Sachs on future prices. The Wall Street bank, seen as one of the most… 24/05/2011
Oil demand slackens on price peaks says IEA The International Energy Agency has said high prices are eroding demand for oil and threatening the West’s economic recovery. The IEA – which is the energy… 12/05/2011
