About: crude oil
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...
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.