The International Monetary Fund has calculated oil exporting countries in the Middle East and central Asia lost $390 billion in revenue from lower crude prices in 2015.
Venezuela has announced power cuts from next week – plunging people into darkness for four hours each day as the crisis-hit country grapples with a
The do’s and dont’s of political survival were set out by Jack Straw, former UK Foreign Secretary at the Eurasian Media Forum in Kazakhstan.
In this edition of Business Line we look in depth at the major oil producers attempts to stop prices falling and why they failed, plus the good news for the music industry from the digital revolution.
A Dutch court has annulled an international tribunal's award of $50 billion (44 billion euros) in compensation to shareholders of defunct Russian oil giant Yukos.
Oil prices slipped again on Wednesday as energy workers in Kuwait ended a three-day strike that had cut the country's production of crude by nearly half.
Oil prices are being supported by a strike by energy workers in Kuwait which has offset an expected price slump following the failure by major oil producers to agree to freeze output levels.
Iran says it is justified in increasing the amount of crude it pumps even though that will add to the supply glut and depress prices.
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.
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
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
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
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
A Monaco-based energy services company, Unaoil, is at the centre of major bribery and corruption allegations.
At least seven people have been injured in the blast near Olugboboro in Bayelsa state
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.
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
Oil prices continue to be pulled down by the lack of a deal between OPEC and other countries to freeze production.
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.
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
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
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.
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.
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