Oil market

Economy

US to impose tariffs on Venezuelan oil imports, impacting global trade

US President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela, although the US does so itself.

25/03/2025

Markets

Oil prices drop as OPEC+ agrees to gradually hike output from April

Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.

04/03/2025

Business

Trump threatens trade tariffs unless Europe buys more US oil and gas

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House.

20/12/2024

Markets

Oil prices hit as Trump signals increasing support for more drilling

US President-Elect Donald Trump's enthusiasm for more oil drilling in the US is causing increasing volatility in oil prices, as investors worry about the possibility of oversupply.

12/11/2024

Markets

Markets watch oil prices after death of Iranian president

President Raisi was expected to succeed Iran's supreme leader Ayatollah Ali Khameini. He was once sanctioned by the US for the mass execution of political prisoners in the 1980s.

20/05/2024

Business

Eni divides oil and gas and green energy projects in new finance plan

The aim of the move is to attract more investment by allowing both fossil fuel and renewable energy investors to invest solely in their preferred projects, without any crossover of funds.

13/05/2024

Business

TotalEnergies sees first quarter earnings drop on lower gas prices

Declining natural gas revenues dampened the company’s performance in the first quarter of 2024, with earnings down 22%, however its resilient oil business helped cap losses.

26/04/2024

Business

UAE state oil company has BP in sights as potential takeover target

Adnoc’s takeover bid for BP is the latest in a string of acquisition bids for energy companies, such as ExxonMobil's agreement to purchase Hess Corporation.

12/04/2024

Markets

Oil prices rise: What's pushing up the cost of crude?

Geopolitical uncertainties and supply fears boosted oil prices to fresh five-month highs on Tuesday morning.

02/04/2024

Markets

Chinese energy giant CNOOC finds hundred million-ton oilfield

CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months.

08/03/2024

Markets

Lower oil and gas prices hit Eni's earnings in the fourth quarter

Shares in Italy's Eni SpA fell on Friday after the company published its latest financial results.

16/02/2024

Markets

Oil prices stabilise as Libyan supply concerns allayed by slow demand

Oil prices stabilised somewhat on Thursday, as concerns over Libyan supplies were allayed by worries about slowing economic growth and demand

04/01/2024

Business

Russia claims majority of oil exports redirected to Asia

The announcement comes amid unprecedented Western sanctions on Russia over the invasion of Ukraine.

27/12/2023

Markets

Why is the IEA's latest oil market report important for Europe?

Euronews Business breaks down the IEA's latest oil market report, released this month, to see why it matters for Europe.

22/12/2023

Markets

OPEC+ meeting: Russia and Saudi Arabia extend oil output cuts

The November OPEC+ meeting resulted in several more members making deep oil supply cuts whilst others stuck to existing reductions. Euronews Business take a look at how the news moved oil markets.

01/12/2023

Markets

How could Iranian drones potentially threaten European oil?

Iran has recently equipped its Revolutionary Guard’s navy with drones to increase surveillance in the Strait of Hormuz as the country continues to export drones to Russia.

21/11/2023

Europe News

Windfall taxes on European energy firms 'weakened' by lobbying: NGOs

Fossil fuel businesses across Europe have managed to weaken and delay windfall taxes imposed on them during the recent energy crisis, according to a new report by a coalition of environmental associations.

30/10/2023

Markets

Oil prices surge following Hamas attack on Israel

The sudden aggravation of the conflict in the Middle East is fuelling oil supply disruptions fears.

09/10/2023

Green News

Willow Project: Could two lawsuits block the oil project in Alaska?

The Biden administration has approved Alaska’s Willow oil project, a major drilling initiative that environmentalists say is counter to the country’s climate goals.

14/03/2023

World News

Russia bans oil sales to countries using a price cap

The ban will come into effect from February 1.

27/12/2022