About: oil prices

Central Asia 11-06-2020

Kazakhstan’s ‘unique’ leadership transition marks its first anniversary

On 12 June, Kazakhstan will mark the first anniversary of Kassym-Jomart Tokayev's election as president. EURACTIV looks into the unique transition of power between Nursultan Nazarbayev, who re-established statehood after the Soviet domination, and Tokayev, who spearheads 'controlled democratisation'.
Energy 13-04-2020

OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic

OPEC and allies led by Russia agreed on Sunday (12 April) to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by 20%.
Global Europe 13-03-2020

Saudi Arabia floods globe to squeeze Russia’s share of oil market

Saudi Arabia has stepped up efforts to squeeze Russia’s Urals oil grade out of its main markets by offering its own cheap barrels instead after their long-standing deal to support global oil prices fell apart, seven oil sources said.
Global Europe 13-03-2020

US shale under pressure to make ‘at least’ 25% price cuts

US shale producers are seeking sharp service costs cuts to deal with plummeting prices and shrinking demand, according to executives and a letter sent to top providers, driving home the oil industry’s desperate efforts to cope with a market dive.
Energy 12-03-2020

Russia to OPEC – deeper oil cuts won’t work

This week’s oil price rout had become inevitable and cutting output has ceased to make sense because it is unclear how deep the impact of the coronavirus on demand will be, Russia’s deputy energy minister said in an interview with Reuters on Wednesday (11 March).
Global Europe 11-03-2020

Russian ministry, oil firms to meet after OPEC talks collapse and prices plunge

Russia’s Energy Ministry will meet with the country’s oil companies on Wednesday (11 March) to discuss future cooperation with the Organization of the Petroleum Exporting Countries, among other issues, two sources familiar with the plan told Reuters.
Economic governance 10-03-2020

As stock markets collapse, IMF calls for support for the coronavirus-infected economy

The International Monetary Fund called on governments worldwide Monday (9 March) to join forces and roll out aggressive financial supports for the coronavirus-infected global economy, including direct payments to workers and businesses.
Azerbaijan 13-02-2020

Europe’s Southern Gas Corridor ‘almost ready’, says Azebaijan’s SOCAR

A 25-year supply contract has been signed with Italy, and the first Azeri gas is expected to start flowing before the end of 2020, said Vitaly Baylarbayov, deputy vice president of SOCAR, the State Oil Company of Azerbaijan.
Global Europe 03-01-2020

US kills top Iranian commander Soleimani in air strike

The United States killed Iranian Major-General Qassem Soleimani, head of the elite Quds Force and architect of Iran’s spreading military influence in the Middle East, in an air strike on Friday (3 December) at Baghdad airport, the Pentagon and Iran...
Energy 28-08-2019

Ahead of heating season, EU gas tanks are full

With gas prices at a ten-year low, storage tanks are far fuller than average for this time of year. This may have political implications as lawmakers think about security of supply.
Energy 26-04-2019

Poland, Russia, Belarus and Ukraine to talk on polluted Russian oil

Representatives of Poland, Russia, Belarus and Ukraine will meet on Friday (26 April) in Minsk, the capital of Belarus, to discuss how to solve the problem of polluted Russian oil, Poland’s pipeline operator PERN said on Thursday night.
Global Europe 12-04-2019

Russia cashes in as European oil refiners pay for US sanctions

European refiners are paying the price for US oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed.
Economy & Jobs 12-07-2018

Trade war starts to dent European growth

The European Commission cut expected EU growth for this year by 0.2% compared to its forecast less than three months ago, as output was weaker than expected during the first semester and external risks, especially the trade war, are on the rise.
Economy & Jobs 09-05-2018

Trump becomes number one threat to European economy

US President Donald Trump’s decision to leave the Iran deal represents his third strike against the  European economy in half a year and will add more volatility in an already difficult period.
Global Europe 09-05-2018

Trump slaps Europe in the face with Iran deal pull-out

In the aftermath of Donald Trump’s announcement to withdraw from the landmark deal curbing Iran's nuclear programme, the leaders of Britain, France and Germany who signed the agreement published a joint statement, saying they will continue to stick by it.

Russia’s economy: Still dependent on oil

After two years of recession caused by lower oil prices and western sanctions, Russia’s recovery benefits Vladimir Putin who is seeking a new term of office.  However this improvement won’t last long without a structural reform. EURACTIV.fr reports.
Energy 13-07-2016

Brexit threatens global oil demand, warns IEA

Europe has been the “saving grace” of global oil demand, which is expected to be higher than forecast in 2016, but that is under threat from uncertainty caused by Brexit, the International Energy Agency has warned today (13 July).
Energy 20-06-2016

Will ‘digital oil’ be the solution to the energy crisis?

The oil sector believes that the digitisation of the industry is a solid option to cut costs and survive a volatile market, while meeting consumer demand.
Development Policy 28-10-2015

Poverty-stricken Chad shows Europe how to host refugees

The influx of refugees into Europe is put into perspective by Chad, a nation of 13 million that is playing host to 645,000 displaced persons. EURACTIV's partner El País - Planeta Futuro reports.
Trade & Society 15-05-2013

Commission probes big oil firms for possible price manipulation

European authorities have raided offices of oil majors Shell, BP and Statoil in an investigation of suspected manipulation of oil prices, one of the biggest cross-border actions since the Libor rigging scandal.
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. 
Development Policy 01-03-2011

Libya crisis to hit poor worldwide, EU warns

Libya's humanitarian crisis is starting to affect vulnerable people across the world, Humanitarian Aid Commissioner Kristalina Georgieva said yesterday (28 February), warning that the effects of rising oil prices were already being felt in the food sector and threatening to push millions into hunger.
Energy 09-02-2011

EU faces prospect of ‘black swan’ shutdown of Suez Canal

The Egyptian crisis yesterday (8 February) entered a new and potentially critical phase as thousands of Suez Canal service workers began an indefinite strike two weeks after protests against the Mubarak regime began.
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