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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".

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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.

Economy

Red Sea trade route still months away from safety, says Maersk boss

Trade in the Red Sea has significantly reduced ever since the start of the Houthi conflict and could still be several months away from returning to normal levels.

Markets

Oil prices stabilise as Libyan supply concerns allayed by slow demand

Oil prices stabilised somewhat on Thursday, as concerns over Libyan supplies were allayed by worries about slowing economic growth and demand

Markets

Bitcoin and gold hit record as markets react to US warship attack

Investors are eyeing good news from the US economy while concerns of a broader Israel-Hamas war temporarily pushed the price of gold to new levels.

Markets

OPEC+ meeting: Russia and Saudi Arabia extend oil output cuts

The November OPEC+ meeting resulted in several more members making deep oil supply cuts whilst others stuck to existing reductions. Euronews Business take a look at how the news moved oil markets.

Markets

Here's why global investors will be closely watching the OPEC+ meeting

Global investors, including those in Europe, will be closely watching what actions will be taken at the November OPEC+ meeting, which will shed more light on the next steps of the major oil-producing countries.

Markets

How a dark fleet of ships is helping Russia evade oil sanctions

A dark fleet, untraceable operators, and discounts helped Russian oil trade flow despite Western sanctions in the last 18 months.

Markets

Oil prices drop on poor economic data from China

Crude oil prices have dropped to their lowest since late July, on the back of weak economic data from China and slowing global demand.

Markets

World Bank: Shock in oil and food prices if Israel Hamas war escalates

In its latest report, the World Bank outlines three possible scenarios and what they entail for the commodity markets.

Markets

Israel Hamas war: The outcome the financial markets expect

Energy and defence-related investments are set to yield in the next 12-18 months, according to analysts.

Markets

London takes back European stock exchange crown from Paris

The London Stock Exchange's performance was lifted by increasing oil prices, according to a Bloomberg index.

Earth News

Why do Alaskans get a €1,000 oil cheque every year?

Alaska is sitting on a nest-egg oil fund. But dividing it up is an 'emotionally charged' matter for citizens.

Markets

Oil prices keep rising, experts foresee $100 a barrel

After a short pause last week, oil prices are on the rise again fuelled by Russia's temporary ban.

Austria

OPEC+: Riyadh to reduce oil output, others to extend previous cuts

In order to keep crude oil prices stable on the world market, the OPEC+ countries, including heavyweight Russia, have agreed to maintain previous production cuts through 2024, while Saudi Arabia cuts output by 1 million barrels per day.

Austria

OPEC+ members meet in Vienna to discuss oil production strategy

The OPEC+ countries discuss their current production strategy in Vienna. New oil production cuts could result from the meeting as signs of discord between top crude oil producers Saudi Arabia and Russia set the tone of the talks.