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Economy

Oil price rise from disruption by Canada's McMurray wildfire

Crude prices have risen on fears of significant delays to the restart of production near the wildfire-devastated Canadian oil town of Fort McMurray.

Business Series

Competition issues scupper Halliburton-Baker Hughes merger

Oilfield services provider Halliburton and smaller rival Baker Hughes have called off their merger in the face of opposition from US and European competition regulators.

Norway

11 bodies recovered after Norwegian helicopter crash

A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday (April 29) killing at least 11 of the 13 people on

Economy

Saudi Arabia responds to low oil prices with economic reform plan

Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund.

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Business Series

BP considers more spending cuts after 80 percent profit drop

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

Economy

IMF warns on cheap oil effects, but is encouraged by Gulf economic reform plans

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

Drought-hit Venezuela faces daily power cuts to save energy

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

Kazakhstan

Eurasian Media Forum: political tactics, oil prices and diplomacy

In partnership with eurasianmedia

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.

Business Line

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.

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.

Business Series

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.

Business Series

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.

Economy

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.

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.

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.

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

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

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

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

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.