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Cheap oil and the music industry's digital revolution

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.

20/04/2016

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Business Series

Moscow wins Yukos ruling

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.

20/04/2016

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Kuwait oil workers end strike, crude prices fall

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.

20/04/2016

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Kuwait oil workers strike buoys crude prices

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.

19/04/2016

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Iran promises oil production increases despite supply glut low prices

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.

18/04/2016

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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

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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

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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

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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

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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

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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

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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

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Three die in Nigerian pipeline explosion

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

29/03/2016

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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

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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

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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

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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

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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

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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

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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