About: crude oil

Global Europe 12-04-2022

OPEC tells EU it’s not possible to replace potential Russian oil supply loss

OPEC told the European Union on Monday (11 April) that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would be impossible to replace those volumes, and signalled it would not...
Global Europe 16-03-2022

Countries and companies shun Russian oil over Ukraine invasion

Russian gas flows to Europe remain stable, but Western sanctions over Moscow's invasion of Ukraine and voluntary actions by buyers are starting to impact its oil sales. This is a state of play as of 16 March.
Transport 15-03-2022

Russian oil is the EU’s Achilles heel – but it doesn’t have to be

European motorists' are unwittingly funding Russia's invasion of Ukraine at the petrol pump. The EU has a moral obligation to radically reduce its Russian oil imports by 2025, argue Marcin Korolec and William Todts.
Energy 19-05-2020

Coronavirus creates repair headache for oil and gas industry

The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say.
Politics 24-04-2020

Tweets of the Week: EU Corona Plans, Earth Day, Oil Prices

COVID-19 crisis continues, you all know the score, EarthDay reminds us, we could all do much more, and the global oil price drops through the floor.
Agrifood 18-06-2019

Biofuel expert: In Europe, facts don’t win over theories

Europe’s demonstrated preference for ideology over science explains why Europe is both the most vocal climate proponent on the world stage and also the most wasteful and ineffective one, Eric Sievers, director of investments at Ethanol Europe, told EURACTIV.com in an interview.
Energy 17-06-2019

Slumped economic growth will mean oil oversupply next year, IEA says

Slower oil demand growth in 2019 is expected to lead to a glut of oil next year, which could have significant impacts on energy prices in Europe.
Energy 13-06-2019

Suspected attack on tankers shows volatility of oil markets

The price of crude oil, which has been languishing at five-month lows, jumped suddenly on Thursday (13 June) following unconfirmed reports of an attack on two oil tankers in the Gulf of Oman.
Energy 10-10-2017

OPEC Secretary General urges US shale oil producers to help cap global supply

OPEC’s Secretary General Mohammed Barkindo today (10 October) called on US shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term.
EU officials appear to have given ExxonMobil privileged access to TTIP documents
Trade & Society 26-11-2015

TTIP talks: EU alleged to have given ExxonMobil access to confidential strategies

The EU appears to have given the US oil company ExxonMobil access to confidential negotiating strategies considered too sensitive to be released to the European public during its negotiations with the US on the trade agreement TTIP, documents reveal.
Energy 18-01-2012

Strait talk in Europe over Iran oil embargo

EU countries are intensifying efforts to agree an oil boycott and muscular financial sanctions against Iran, which is sizing up the option of shutting down the Hormuz Strait as a response. 
Trade & Society 05-01-2012

Europe agrees to ramp up pressure on Iran

European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said, dealing a potentially heavy blow to Tehran just months before an Iranian election.