Economy

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

Economy

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

Business Series

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

Italy

Italian referendum on drilling for oil could shape the country's energy policy for decades to come

A referendum to be held next Sunday in Italy could shape the country’s energy policy for decades to come. The ballot was triggered by a request from

12/04/2016

Economy

Brent crude oil surges five percent

Brent crude oil is up five percent, at more than 41 dollars a barrel. The surge is raising hopes that top producers will will agree to freeze

08/04/2016

Economy

Oil prices hover around one-month lows

Oil hovered around one-month lows on Monday, as investors ditched some of their bullish bets on another price rise. This, also amid fading chances

04/04/2016

Economy

International oil corruption allegations centre on Monaco based company Unaoil

A Monaco-based energy services company, Unaoil, is at the centre of major bribery and corruption allegations.

01/04/2016

Nigeria

Three die in Nigerian pipeline explosion

At least seven people have been injured in the blast near Olugboboro in Bayelsa state

29/03/2016

Economy

Rosneft is 'coping' with low oil price, makes investment pledge

Despite low oil prices Russian energy giant Rosneft says it is coping and has pledged to invest more to ensure it can honour its long-term supply deals.

29/03/2016

Focus

Kazakhstan diversifies economy to survive oil and gas slump

Kazakhstan’s economy depends on oil and gas and the slump in the industry has put its economic resilience to the test. Its currency has devalued and

20/03/2016

Economy

Oil prices drop as Iran still not part of production freeze

Oil prices continue to be pulled down by the lack of a deal between OPEC and other countries to freeze production.

14/03/2016

Economy

Azerbaijan's president insists low oil price are bringing reforms and diversification

Azerbaijan is one of the suffering from the oil price crisis but President Ilham Aliyev told euronews the economy is being reformed and is diversifying away from energy dependence.

11/03/2016

Economy

Glut and high inventories drive oil exports from US to Europe

More US oil is heading for Europe, amid a world glut and as inventories in the States hit all-time highs. Producers are taking advantage of the lifting of restrictions on the export of US crude and lo

04/03/2016

Economy

OPEC oil output cut very unlikely at June meeting, Iran's situation unclear

OPEC is very unlikely to cut oil output at its next meeting in June, even if crude prices remain extremely low, according to OPEC sources and delegates

01/03/2016

Iran

The dash for cash in post-sanctions Iran

The Iranian economy received a new lease of life with the signing of the nuclear deal in Vienna.

24/02/2016

Economy

OECD slashes economic growth forecasts for United States, Europe and Brazil

The Organisation for Economic Co-operation and Development remains downbeat about global economic growth this year, cutting its forecasts for the United States, Europe and Brazil.

18/02/2016

Economy

Iran cool on oil production freeze plan

Iran has said it supports in principle the freezing of oil production but stopped short of offering to limit its output in response to a Saudi and Russian proposal aimed at pushing up prices.

17/02/2016

Europe News

EU sets sights on boosting energy resilience

Preparing for disruption to energy services and reducing Europe’s dependency on Russia for supplies. That is the aim of a new EU energy security

16/02/2016

Economy

Saudi Arabia and Russia agree oil output freeze but only if others do the same

Saudi Arabia, Russia, Venezuela and Qatar have agreed to freeze their country's oil output, but only if other major producers do the same. There will now be talks with Iran and Iraq.

16/02/2016

Business Series

Total bucks trend with better-than-expected profit numbers

Record upstream production and high refining margins in Europe helped Total report better-than-expected fourth-quarter net profit.

11/02/2016