About: oil
Fossil fuel shares drop in value compared with clean energy, think tank says
The value of share offerings in fossil fuel companies has dropped by almost 20% since 2012, while low-carbon companies gained ground in a shift towards clean energy, a report by think-tank Carbon Tracker showed on Wednesday (31 March).OpinionPromoted content
LUKOIL developed four scenarios of how the climate agenda will affect on oil demand
LUKOIL has completed working out scenarios for changing global oil demand, which has been prepared as part of its climate strategy development. Vagit Alekperov, the co-owner and president of the company, announced it at a conference call on March 10....
Snubbing Rosneft, Poland signs deal with ExxonMobil on oil supplies
Polish oil refiner PKN Orlen has signed a contract with US ExxonMobil under which it will import around 1 million tonnes of crude oil within a year, it said on Tuesday (9 March).
Kazakhstan-EU relations: From establishing the partnership to driving it forward
Kazakhstan’s first President, Nursultan Nazarbayev, is given credit for being instrumental in helping to establish Kazakh-EU relations. He helped lay the foundations for the landmark EU-Kazakhstan Enhanced Partnership and Cooperation Agreement (EPCA), which entered into force on 1 March 2020....
Romania allows derogations in fossil fuel blending
The Romanian government adopted on 9 April an emergency ordinance that changes the regulations on fuel sales and allows the sale of gasoline and diesel without the mandatory quotas including biofuels, EURACTIV.ro reported.
Libya’s rival factions dig in for long conflict
Libya’s combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa’s largest petroleum reserves.
The Kremlin is pushing Belarus to merge with Russia: Lukashenko
The Kremlin is pushing Belarus to merge with Russia in exchange for cheap energy, the Belarusian leader said Friday (14 February), as Russian strongman Vladimir Putin is believed to be maneuvering to extend his stay in power.
Kazakhstan and Belarus to discuss oil supply deal
Kazakhstan and Belarus will discuss an oil supply deal before 20 January, Kazakhstan Energy Minister Nurlan Nogayev told reporters on Wednesday (15 January), without explaining the significance of that date.
Russia’s Rosneft-led Arctic oil project requires $157 billion of investment
A ambitious new Arctic oil project led by Russia’s top oil producer Rosneft will require about 10 trillion roubles ($157 billion) of investment, Russia’s deputy energy minister Pavel Sorokin told reporters.
Saudi attack will jolt oil markets out of ‘complacency’ over Gulf tensions – analysts
The price of oil has seemed relatively immune to heightened tensions in the Gulf, but this weekend’s attack on Saudi oil facilities means markets will now be more skittish.
The attack on Saudi Arabia’s Abqaiq refinery and the realpolitik of oil
After a Saudi oil processing facility came under attack, attention turned on the immediate effect this could have on oil prices. But the worry should be more over the medium term than the short term, writes Robin Mills.
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.
No-deal Brexit set to cause disruption for UK oil refineries
Though UK fuel export tariffs are set to rise to 4.7%, import tariffs will be set at 0%. Oil refineries are warning this would put them at a competitive disadvantage.
How vulnerable is Europe to conflict in the Strait of Hormuz?
NEWS ANALYSIS / The involvement of a British tanker in the latest military incident with Iran in the crucial oil shipment choke point has pulled Europe into the fray.
Satellite data offers new hope for taming oil’s methane emissions
The release of methane emissions from drilling has been a beguiling problem for the oil and gas industry. But EU satellite data points toward a solution.
After years of decline, oil and gas extraction is set to increase
Oil majors have steadily reduced exploration investment since the 2014 oil price collapse. Now exploration is ticking up again, even if the oil price isn’t. Meanwhile, investment in renewables remains small among oil and gas companies.
A changing climate puts Europe’s energy sector at risk
Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
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.![Plateforme pétrolière en mer Baltique, 2008. [Andrew/Flickr]](https://www.euractiv.com/wp-content/uploads/sites/2/2014/05/oil_rig._north_sea_2008.jpeg)
UK-South Korea deal seeks to calm Brexit anxiety in oil markets
A UK-South Korea trade deal announced Monday (10 June) guarantees future exemption from oil tariffs following a spate of dry months without crude imports coming from Britain's North Sea fields.
BP shareholders demand climate action, but reject calls for hard targets
An overwhelming vote in favour of climate action at BP's annual meeting yesterday (21 May) shows how activist investors have started to move the oil and gas industry. But it also showed the limits to their appetite for change.
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.
IEA chief: Ethanol ‘very important’ to reduce oil dependence
Ethanol will have a very important role in decarbonising the transport sector globally, the executive director of the International Energy Agency (IEA) told EURACTIV.com. Another energy expert said electrification will play a major role in transport but is not applicable to all sectors, which is where biofuels come in.