Now playing Next Business Series Total re-invests in Iran French energy giant Total signs a reported multi-billion euro deal with Iran to develop the South Pars offshore gas field. 03/07/2017
Now playing Next the global conversation Patrick Pouyanné, Total Group: "Brexit is absolutely not a good thing for anyone" Interview with President and CEO of Total, Patrick Pouyanné. 19/06/2017
Now playing Next Economy Oil prices jump as biggest producers plan to extend output cuts Saudi Arabia and Russia have agreed to pump less through until March 2018 to further cut the huge amount of oil in storage around the world. 15/05/2017
Now playing Next Markets Oil stabilises, stocks rise on Macron confidence Oil prices have been on a roller coaster ride from oversupply worries, strong opinion poll numbers for French centrist Macron boosted share prices. 05/05/2017
Now playing Next Nigeria Shell's shady dealings with money launderer revealed in ex-spy's emails Oil giant Shell has 'changed its tune' as emails emerge showing dealings with a convicted money launderer and point to possible bribery. 11/04/2017
Now playing Next world news Investors, edgy after US strikes in Syria, turn to oil and gold Investors in Europe were edgy on Friday following the US air strikes in Syria, but stocks erased most of their initial losses after US officials called the attack a one-off event that would not lead t 07/04/2017
Now playing Next New Zealand Oil protester performs Haka outside conference Greenpeace held a protest outside the New Zealand Petroleum Conference 2017, in New Plymouth. 30/03/2017
Now playing Next Business Series Saudi oil giant's tax bill slashed Saudi oil giant gets massive tax cut 28/03/2017
Now playing Next Economy OIl producers mull over extending output cut OPEC and non-OPEC oil producers discuss production cut extension 27/03/2017
Now playing Next world news EU Parliament rejects total ban on Arctic oil drilling European Parliament lawmakers voted against a non-binding motion to prohibit oil and gas exploration in the Arctic 17/03/2017
Now playing Next Economy Oil price falls to new 2017 low Oil prices have tumbled following an OPEC report that stocks are rising worldwide, despite an agreement to reduce output to try to push up prices. 14/03/2017
Now playing Next Markets Repsol's Alaska oil find enough to supply Spain for four years Spanish energy firm Repsol's shares jumped after it announced it has found a field with enough crude to supply all of needs of Spain for four years. 13/03/2017
Now playing Next Economy Saudi Arabia's oil price target revealed Saudi Arabia reportedly wants crude oil to rise to around $60 a barrel this year to encourage new investment but not boost US shale oil output. 28/02/2017
Now playing Next Business Series Saudi state oil company takes significant stake in Malaysia refinery Saudi Arabia's state oil company Saudi Aramco is to invest $7 billion in an oil refinery and petrochemical project in southern Malaysia. 27/02/2017
Now playing Next Markets OPEC producers really are pumping less, boosting crude prices Oil prices jump on word that OPEC producers have achieved over 90 percent of the output cuts they had pledged. 10/02/2017
Now playing Next Markets BP's spending spree means a need for higher crude prices British oil and gas company BP has said it needs crude oil to be selling for $60 a barrel by the end of the year for it to break even. 07/02/2017
Now playing Next USA Greenpeace take over crane near White House to display "Resist" message A crane on a construction site overlooking the White House in Washington D.C. has been taken over by Greenpeace to display a banner with the message "Resist". 25/01/2017
Now playing Next USA Trump accelerates controversial Keystone and Dakota pipelines Not one to shy away from a challenge, US President Donald Trump has signed executive orders to accelerate two controversial pipeline projects. 24/01/2017
Now playing Next Brazil Judge in Brazil graft probe dies in plane crash Teori Zavascki's death raises questions over who will take over the country's biggest corruption case. 20/01/2017
Now playing Next Markets Oil prices hit 18-month high on production cut hopes Oil prices hit their highest in 18 months on hopes the deal between OPEC and non-OPEC members to cut production will reduce a glut of crude. 03/01/2017