Now playing Next Business Oil prices boosted by supply outages and deficit forecast from Goldman Sachs Oil prices jumped to their highest in six months after forecasters at Goldman Sachs said the world now has a deficit rather than a glut of crude. 16/05/2016
Now playing Next Business IEA oil forecast brightens The International Energy Agency is no longer so concerned about the oil market "drowning in supply" this year and says unplanned disruptions to output could help run down the global glut of crude. 12/05/2016
Now playing Next Canada Oil production resumes in fire-hit Fort McMurray The blaze continues to spread but experts say it is in uninhabited areas to the east and south of the town. 11/05/2016
Now playing Next Business Challenges ahead for Khalid al-Falih, Saudi Arabia's new energy minister Saudi Arabia's new energy minister is Khalid al-Falih, with an expanded portfolio and a focus on job creation and economic reform. 09/05/2016
Now playing Next Business Oil price rise from disruption by Canada's McMurray wildfire Crude prices have risen on fears of significant delays to the restart of production near the wildfire-devastated Canadian oil town of Fort McMurray. 09/05/2016
Now playing Next Business Competition issues scupper Halliburton-Baker Hughes merger Oilfield services provider Halliburton and smaller rival Baker Hughes have called off their merger in the face of opposition from US and European competition regulators. 02/05/2016
Now playing Next Norway 11 bodies recovered after Norwegian helicopter crash A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday (April 29) killing at least 11 of the 13 people on 29/04/2016
Now playing Next Business Saudi Arabia responds to low oil prices with economic reform plan Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund. 26/04/2016
Now playing Next Business BP considers more spending cuts after 80 percent profit drop BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year. 26/04/2016
Now playing Next Business IMF warns on cheap oil effects, but is encouraged by Gulf economic reform plans The International Monetary Fund has calculated oil exporting countries in the Middle East and central Asia lost $390 billion in revenue from lower crude prices in 2015. 25/04/2016
Now playing Next Venezuela Drought-hit Venezuela faces daily power cuts to save energy Venezuela has announced power cuts from next week – plunging people into darkness for four hours each day as the crisis-hit country grapples with a 22/04/2016
Now playing Next Kazakhstan Eurasian Media Forum: political tactics, oil prices and diplomacy The do’s and dont’s of political survival were set out by Jack Straw, former UK Foreign Secretary at the Eurasian Media Forum in Kazakhstan. 21/04/2016
Now playing Next Business Line Cheap oil and the music industry's digital revolution In this edition of Business Line we look in depth at the major oil producers attempts to stop prices falling and why they failed, plus the good news for the music industry from the digital revolution. 20/04/2016
Now playing Next Business Moscow wins Yukos ruling A Dutch court has annulled an international tribunal's award of $50 billion (44 billion euros) in compensation to shareholders of defunct Russian oil giant Yukos. 20/04/2016
Now playing Next Business Kuwait oil workers end strike, crude prices fall Oil prices slipped again on Wednesday as energy workers in Kuwait ended a three-day strike that had cut the country's production of crude by nearly half. 20/04/2016
Now playing Next Business Kuwait oil workers strike buoys crude prices Oil prices are being supported by a strike by energy workers in Kuwait which has offset an expected price slump following the failure by major oil producers to agree to freeze output levels. 19/04/2016
Now playing Next Business Iran promises oil production increases despite supply glut low prices Iran says it is justified in increasing the amount of crude it pumps even though that will add to the supply glut and depress prices. 18/04/2016
Now playing Next World No crude freeze deal, what does it mean for the oil industry? After OPEC and non-OPEC producers failed to reach a deal to freeze oil output euronews got analysis from Spencer Welch, a director with IHS Energy in London. 18/04/2016
Now playing Next Business Disappointment over oil supply cap failure pushes crude prices down Oil price tumbled on Monday and OPEC's credibility has been seriously undermined with the failure of talks to try to freeze the production of crude. 18/04/2016
Now playing Next Business Shareholders burn Bob's bonus at BP AGM Shareholders at BP gave the boss’s bonus the thumbs down on Friday, wiping 17.7 million euros from Bob Dudley’s package for 2015. It was a rare 15/04/2016
