oil industry

Green News

Fossil fuel plans threaten Paris Agreement goals, new report warns

A new report highlights how governments’ fossil fuel production plans contradict climate commitments.

22/09/2025

Russia

Expert: Kyiv 'hit nail on the head' with strikes on Russian oil sites

Kyiv’s strategy to strike the Russian oil industry is “the most efficient thing Ukraine can do” to hurt Moscow's war machine. Still, it will not break the army and will not stop Moscow’s war, Russian economist Vladislav Inozemtsev told Euronews.

19/09/2025

Europe News

Loopholes in ship flagging system undermine sanctions on Russia

As unchecked flagging of ships continues to enable global sanctions evasion, governance must be "radically improved," says a new report by the Royal United Services Institute (RUSI).

02/09/2025

Lithuania

Scheme to circumvent sanctions against Russia discovered in Lithuania

According to the investigation, the water treatment equipment was received by Russian oil industry enterprises.

23/08/2025

Europe News

What could biggest oil discovery in Poland's history mean for Europe?

Euronews asked analysts if the huge oil and gas deposits discovered under the Baltic Sea offer Europe a chance to be less reliant on Russian energy.

22/07/2025

Economy

Which countries will lose the most if tensions reignite around Iran?

Russia could benefit from an escalating situation in the Middle East, while China and Europe would see their economies suffer if the ceasefire between Iran and Israel fails to hold.

25/06/2025

Economy

What would happen if the Strait of Hormuz were closed?

This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, fuelling a big part of the global economy. And Iran controls its northern side.

23/06/2025

Markets

Oil rises and Europe's markets open lower after US strikes on Iran

The price of oil rose and stock markets fell as investors reacted to the US strikes against nuclear targets in Iran.

23/06/2025

Economy

Energy in Europe is also at stake as Israel-Iran conflict escalates

As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.

20/06/2025

Green News

Greenpeace warns of disaster after tanker crash near Strait of Hormuz

Greenpeace said it had reviewed satellite imagery that showed a plume of oil stretching up to about 1,500 hectares from the crash site.

19/06/2025

Markets

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

17/06/2025

Climate

Europe cuts methane emissions from coal mines for the first time

Most of the methane emissions from fossil fuels used in Europe are tied to imports, the report also finds.

08/05/2025

Business

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

29/04/2025

Markets

US markets: Tech stocks rise higher and investors watch earnings

The tech sector emerges as a champion in Monday morning trade as investors navigate the ever-changing tariff landscape and a myriad of earnings reports.

14/04/2025

Green News

Hungarian residents afraid to use wells after oil spill

After nearly 500 cubic metres of oil spilled from an old pipe, locals are demanding compensation and accountability from the Hungarian oil company.

16/03/2025

Green News

‘Doublespeak’: Greece greenlights offshore drilling beside marine park

Environmental lawyers say that the new concessions threaten endangered species in the biodiversity-rich Hellenic Trench.

14/03/2025

Green News

Climate groups file lawsuits to block Trump’s offshore drilling plans

Several climate advocacy groups claim that the US President's undoing of marine protections is illegal.

21/02/2025

Eco-Innovation

A father and daughter's fight to turn oil data into life-saving water

Unlocking seismic data could aid the search for fresh groundwater in Africa, where water scarcity affects two-thirds of the population.

26/01/2025

Business

Eni launches supercomputer in bid to discover new oil and gas fields

With an estimated cost of over €100m, the supercomputer - known as the HPC6 - will be able to handle a number of artificial intelligence functions, as well as highly sophisticated calculations, with the help of nearly 14,000 graphics processing units (GPUs).

26/12/2024

Markets

What could shape the markets in 2025? Here’s what the analysts think

After a year of new records on the stock market, 2025 is expected to bring more rallies. But what are the key factors that could move market sentiment in the new year?

25/12/2024