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Now playing Next 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
Now playing Next Business 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
Now playing Next Business 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
Now playing Next 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
Now playing Next Business 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
Now playing Next Business 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
Now playing Next Business Oil write down hits Moller-Maersk profits Danish shipping and energy group Moller-Maersk reports a loss of $2.5 billion for Q4 2015 as it writes down the value of its oil assets. 10/02/2016
Now playing Next Business International Energy Agency says oil glut is poised to worsen The International Energy Agency thinks oil prices won't rise significantly this year as declines in US output take time and OPEC is unlikely to agree with other producers to cut output. 09/02/2016
Now playing Next Business Royal Dutch Shell is latest to have profit hammered by low oil prices Royal Dutch Shell has reported its lowest annual income in at least 13 years. There were also depressed numbers from Norway's biggest energy company Statoil as well as ConocoPhillips. 04/02/2016
Now playing Next Business Russian recession set to deepen says central bank Russia's economy is set to dip deeper into recession according to the latest central bank forecasts as the Kremlin looks at selling stakes in state owned companies. 03/02/2016
Now playing Next Business Oil price slump hits BP and Exxon The bad news keeps pouring out of the oil industry. BP suffered its biggest loss in 20 years and Exxon Mobil has reported its smallest quarterly profit in more than a decade. 02/02/2016
Now playing Next Business Russia to talk to OPEC about pumping less oil to boost prices Russian Energy Minister Alexander Novak has confirmed that Saudi Arabia had proposed oil producing countries cut production by up to 5 percent each in order to support weak oil prices. 28/01/2016
Now playing Next Business Line Oil prices to stay low, Russia suffers The World Bank has slashed its forecast for oil prices, saying the cost of a barrel of crude will stay near the current lows for the rest of 2016 27/01/2016
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Now playing Next focus Davos: Kazakhstan seeks slice of new industrial age As world economies struggle with global growth challenges, the Davos forum is a chance to share ideas and solutions. Amid plunging oil prices 23/01/2016
Now playing Next Business Line Iran's sanctions relief and what's up with WhatsApp With the lifting of international sanctions against Iran, Business Line looks at the consequences for the country's people and the energy market. 20/01/2016
Now playing Next Business Shell announces profit slump ahead of BG takeover vote Royal Dutch Shell says it expects to report a near halving in profits in the last three months of 2015 following the further slide in oil prices. It release the information to shareholders who are due 20/01/2016
Now playing Next Iran Iran set to produce 1 million barrels of oil a day 'within months' Iran’s oil sector will be the first to benefit from the lifting of sanctions against Tehran. As it re-enters the market, it eventually wants to 19/01/2016
Now playing Next Business How low can it go? Oil price slump pressures Gulf Arab states Brent crude oil fell below $28 a barrel for a while on Monday for the first time since 2003 before recovering slightly. Low prices mean austerity looms for producers 18/01/2016
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