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Markets

Europe lost out on 3.8mn tonnes of Kazakh oil after Black Sea attacks

Kazakhstan’s oil exports fell after Ukrainian drone attacks and stormy weather hampered operations at the Caspian Pipeline Consortium’s marine terminal in Novorossyisk. Its major oil field Tengiz also suffered an outage in January.

Markets

Oil climbs as Trump warns Iran 'time is running out' for nuclear deal

Markets priced in fresh geopolitical risk as Washington escalated rhetoric against Tehran, with analysts warning supply disruptions could push prices higher.

Economy

Oil vs. rare earths: Which will shape the global economy’s future?

Oil shaped the last century, but rare earths may shape the next. As economies electrify and AI expands, control over critical materials is becoming a new source of global power.

USA

Trump says Cuba should strike deal with US 'before it is too late'

Trump suggests that Cuba should move to quickly strike a deal with Washington as he announced that the Caribbean nation will no longer be receiving oil or money from Venezuela, which it had relied on financially for years.

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Earth News

Trump’s push to control Venezuela’s oil sparks climate outrage

Trump says he will bring in large US companies to fix Venezuela’s oil infrastructure, despite growing calls to end fossil fuels.

Europe News

Trump hands Orbán a win as Hungary locks exemption for Russian energy

White House sources say exemption for Budapest to continue buying Russian oil will apply for a year. The move represents a political win for Orbán heading into an election in April, with the Hungarian economy in dire straits. Low energy prices could be a determining factor in the campaign.

Markets

Markets prepare for rate decisions while tracking US-China trade talks

Global stocks rallied on Monday morning, driven by optimism that a new trade deal is in reach between the US and China.

Markets

Gold falls from new record, European markets show signs of recovery

European markets bounced back from recent weakness on Tuesday morning amid persistent geopolitical uncertainties.

Markets

Gold hits fresh record, European stock markets rise after Fed comments

The Federal Reserve chair's tentative support for more rate cuts gave a boost to markets on both sides of the Atlantic, despite trade tensions between Washington and Beijing.

Markets

European markets turn gloomy as US–China trade war looms

Relations between China and the US are souring as the countries place fees on each other’s ships, worrying investors. The new front in the trade war comes despite President Trump’s claim on social media: "Don't worry about China, it will all be fine!”

Markets

Oil prices jump after OPEC+ announces modest monthly output hike

Analysts forecast that the rise may be short-lived as soft demand threatens a supply glut.

Ukraine

US intelligence to help Ukraine strike further energy sites in Russia

The US reportedly agreed to provide Ukraine with intelligence to support long-range strikes on Russia’s energy sites and is considering Tomahawk missile supplies, in what the Ukrainian president said on Thursday was "maybe something more".

Business

Syria resumes oil exports after 14 years, with 600,000 barrels a day

Before 2010, when the protests against Bashar al-Assad led to a civil war in the country, oil provided more than half of Syria's income.

Ukraine

Ukraine knocks out nearly one-fifth of Russia's oil refining capacity

Ukraine has significantly intensified its attacks against Russia's energy sector over the past few weeks, managing to disrupt oil refining capacity, weakening Moscow’s war economy.

Europe News

Hungary and Slovakia in spat with Ukraine after oil pipeline bombing

In a comment on Sunday, Zelenskyy indicated that the future of the pipeline could depend on Hungary's behaviour. Budapest said Kyiv harms its sovereignty, and Slovakia warned Ukraine might be left without fuel, if the attacks continue.

Markets

Oil prices rise on EU-US trade deal and Trump comments on Ukraine

US President Donald Trump said on Monday he was reducing a 50-day deadline given to Vladimir Putin to agree a deal with Ukraine. Oil prices had already risen on news of a EU-US trade deal.

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.

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.

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.

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.