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Green News

US oil and gas is booming: The truth behind Trump's "energy emergency"

The US already produces more oil and gas than any other country in the world.

Business

BP to axe thousands of jobs after warning over oil and gas production

The energy giant announced earlier this week that weaker oil and gas production would hit its fourth-quarter results for last year.

Europe News

Nordics and Baltics ask EU to tighten price cap on Russian oil

Denmark, Estonia, Finland, Latvia, Lithuania and Sweden have demanded a revision of the price cap on Russian seaborne oil. The cap was set in late 2022 at $60 per barrel and has remained untouched since then.

Markets

Crude prices rally as US intensifies sanctions on Russian oil

The Biden administration's new sanctions target Russia's oil giants Gazprom Neft and Surgutneftegas, shadow fleet vessels, and opaque traders. Oil prices surged, while European equities slid as investors fear tighter global supply.

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Markets

Oil rises as Israel-Hezbollah ceasefire violated, OPEC+ delays meeting

Oil prices rose nearly 1% Thursday after Israel reported ceasefire breaches with Hezbollah, reigniting Middle East tensions. Brent hit $72.90 a barrel, recovering recent losses. Meanwhile, OPEC+ postponed its meeting, with analysts noting stronger cartel cohesion and compliance.

Markets

Oil prices hit as Trump signals increasing support for more drilling

US President-Elect Donald Trump's enthusiasm for more oil drilling in the US is causing increasing volatility in oil prices, as investors worry about the possibility of oversupply.

World

Asian shares rise and yen dips as Japan's ruling party loses majority

Asian shares rose on Monday, as the yen dipped in the midst of political uncertainty after Japan's ruling party lost its majority in Parliament's lower house in weekend elections.

Business

Will tensions in the Middle East lead to another energy price shock?

Will tensions in the Middle East lead to another market price shock in Europe? Energy analyst Dr Yousef Alshammari shares his outlook on oil prices with Euronews Business.

Business

Germany’s business climate hits crisis-like levels as the DAX falters

The declining business climate in Germany was exacerbated by employment falling at the fastest rate in four years.

Markets

Oil prices rise as Middle East tensions weigh on investor sentiment

Crude oil prices surged to a one-week high amid escalating tensions in the Middle East and a weakening US dollar on Monday.

Markets

Oil prices dip near year low on hopes of Israel-Hamas war ceasefire

Ceasefire hopes have risen following Israel's recent acceptance of a US bridging proposal. Hamas, however, has yet to do the same.

Markets

Markets watch oil prices after death of Iranian president

President Raisi was expected to succeed Iran's supreme leader Ayatollah Ali Khameini. He was once sanctioned by the US for the mass execution of political prisoners in the 1980s.

Economy

Could oil price surge derail the ECB's plans for a rate cut in June?

Latest developments in the Middle East raise concerns about a potential broader conflict and its global economic ramifications. Key worries for Europe include whether escalating energy prices might influence the European Central Bank's (ECB) decision-making regarding a planned rate cut in June.

Markets

Gold and oil prices rise following reports of Israel strike on Iran

Oil prices rose on Friday morning with both Brent and US crude trading higher after Israel reportedly carried out a military attack on Iran.

Markets

What's boosting the FTSE? London blue-chip index climbs above 8,000

In early trade on Tuesday 2 April, the FTSE 100 index in the UK broke through the 8,000 level, setting a new record at 8,015.60.

Markets

Oil prices rise: What's pushing up the cost of crude?

Geopolitical uncertainties and supply fears boosted oil prices to fresh five-month highs on Tuesday morning.

Economy

EU price rises on the cards? Expert insight on Red Sea economic impact

Houthi attacks in the Red Sea have disturbed vital trade routes connecting Europe, the Middle East and Asia. Euronews Business spoke to Dr. Yousef M. Alshammari, Senior Research Fellow at Imperial College London, to explore the consequences for the European and global economy.

Economy

Middle East tensions fuel chances of oil price surge

Following a drone attack on a US airbase in Jordan, the Middle Eastern conflict could get worse. US President Joe Biden says his country "will hold all those responsible to account at a time and in a manner of our choosing".

Markets

Markets’ week ahead: European stocks slip ahead of Fed rate reveal

The US Federal Reserve is expected to announce its interest rate decision on Wednesday, with speculations of a rate cut increasingly losing steam.

Economy

Europe is where we see more 'sluggish growth', says KPMG

High inflation and unemployment could leave the continent lagging behind other major economies in 2024, according to global accounting firm KPMG.