crude oil

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

Egypt

Four dead after oil drilling ship capsizes in Egypt’s Gulf of Suez

The incident occurred on Tuesday off Ras Ghareb, a key oil site on the African side of the Red Sea, as the ship was being towed for excavation work, authorities said.

02/07/2025

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

Economy

Eurozone business activity stalls in June: Will the ECB cut again?

Eurozone business activity stalled in June, with PMI data showing flat growth linked to weak services and manufacturing. Germany improved slightly, while France declined. Persistent service-sector cost pressures and renewed energy concerns may cloud ECB rate cut prospects.

23/06/2025

Europe News

Hungary and Slovakia resist EU’s energy security plan

During a discussion among the 27 EU member states on reducing the Union’s dependency on Russian fuel, Hungary and Slovakia opposed the roadmap proposed by the Polish Presidency of the Council of the EU.

16/06/2025

Markets

European stock markets opened higher despite Israel-Iran conflict

The major European stock indexes opened slightly higher while oil prices stayed elevated due to the uncertainty around the Israel-Iran crisis.

16/06/2025

Economy

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Tensions between Israel and Iran have raised fears of disruption in the Strait of Hormuz, a vital route for global oil and LNG. Experts warn that even the threat of closure could rattle markets and push energy prices sharply higher.

16/06/2025

Markets

Israel launches major strike on Iran: What is the market fallout?

European stocks fell sharply after Israel struck Iranian nuclear sites, fuelling fears of wider conflict. Oil and gold surged on safe-haven demand, while bank shares dropped. Markets are pricing in higher geopolitical and energy supply risks.

13/06/2025

Markets

Oil prices falls as OPEC+ considers output hike before US-Iran talks

Crude oil prices extended their losses following reports that OPEC+ is considering a further production increase in July, ahead of US-Iran nuclear talks later today. Oil markets remain caught between escalating geopolitical tensions and persistent concerns over a potential oversupply.

23/05/2025

Markets

Oil prices plunge to multi-year low as OPEC+ plans output acceleration

Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, accelerating output increases in June. The move is expected to exacerbate a market surplus amid weakening demand driven by escalating US-China trade tensions.

05/05/2025

Markets

US markets edge slightly higher as Trump's tariff volatility eases

Wall Street teetered toward small gains in relatively calm trading Tuesday morning after President Donald Trump appeared to let up on some of his tariffs and stress from within the US bond market eased.

15/04/2025

Markets

European stocks spiral after China hits back against Trump’s tariffs

Concerns about an escalating trade war between the US and China still remain after the latter retaliated against steep US tariffs.

11/04/2025

Business

Shell cuts gas production outlook due to maintenance and bad weather

The oil and gas company reduced its expectations for natural gas and liquefied natural gas (LNG) volumes for the first quarter of this year.

07/04/2025

Markets

Oil markets retreat as economic concerns outweigh Trump tariff threats

Crude oil prices climbed on Monday amid US President Donald Trump’s threats to impose 25% to 50% tariffs on Russia’s oil. However, economic concerns may outweigh geopolitical tensions, as a weakening economic outlook could dampen oil demand. Investors will also be closely watching the OPEC+ meeting.

31/03/2025

Markets

European markets mixed as investor sentiment remains uncertain

Euronews Business takes a look at how European and global markets are performing on Tuesday, amid escalating global tariff tensions.

11/03/2025

Saudi Arabia

From oil wealth to major player: How Riyadh become a global mediator

As Riyadh prepares to host US-Ukraine talks on how to end Russia's war, analysts tell Euronews how Saudi Arabia became a diplomatic heavyweight.

07/03/2025

Markets

Crude oil prices fall to a year-low as US-China trade war intensifies

Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil imports, while the US stockpiles rose for the second consecutive week.

06/02/2025

Markets

Markets ride a rollercoaster as Trump returns to US presidency

Global markets saw turbulent sessions following Donald Trump's inauguration on Monday and early Tuesday, reacting sharply to comments about Trump's tariff plans, with asset classes including stocks, currencies, commodities, and cryptocurrencies showing significant volatility.

21/01/2025

Business

Trump's Inauguration Day: The EU waits to see what's in store

Europe is braced for significant economic challenges under Trump's presidency, including its car industry, energy supply, and the euro's devaluation, alongside the potential for resurging inflation.

20/01/2025

Economy

Energy price surge risks pushing EU economy into stagflation

Natural gas and crude oil prices have surged recently amid rising demands and the US's wider sanctions on Russia. Elevated energy prices could jeopardise the eurozone's inflation outlook and push the regional economy into stagflation.

14/01/2025