Now playing Next Markets Oil giant Saudi Aramco offers a second stock tranche worth billions Saudi Arabia said on Friday it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019. 31/05/2024
Now playing Next Markets Oil market braces for OPEC decisions as crude prices climb Crude prices are experiencing upward pressure ahead of the upcoming OPEC+ policy meeting. However, the long-term outlook for oil markets remains uncertain due to the ongoing imbalance between demand and supply. 28/05/2024
Now playing Next Markets European markets slump as investors weigh Middle East developments European markets were all in the red on Tuesday afternoon as traders continued to monitor developments in the Middle East - and digest fresh economic data from China. 16/04/2024
Now playing Next Economy The effect Iran's attack on Israel could have on commodities In the wake of Iran's recent offensive against Israel, investors have been on edge, speculating about the potential ramifications for commodities. Here's a breakdown of the situation and its possible impacts. 15/04/2024
Now playing Next 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. 02/04/2024
Now playing Next Russia Vice President of Russian energy company dies 'suddenly' of suicide Vitaly Robertus, 54, is reportedly the fourth Lukoil manager to die in two years. 14/03/2024
Now playing Next Markets Chinese energy giant CNOOC finds hundred million-ton oilfield CNOOC's Kaiping South discovery could lead to more investment in deep-water South China Sea exploration in the coming months. 08/03/2024
Now playing Next Markets US diesel exports to Europe see slide in February Diesel supplies to Europe are under pressure following disruptions at US refineries, aggravated by global instability. 26/02/2024
Now playing Next Markets TotalEnergies shares slide as company reports fall in earnings Shares in France's TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings. 07/02/2024
Now playing Next Markets Euroviews. Oil price forecast for 2024: What’s in store for global crude? Despite the headwinds in 2024, consumers might be able to breathe a sigh of relief as oil prices are expected to remain range-bound or trend downwards as compared to 2023, Osama Rizvi writes. 25/12/2023
Now playing Next 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. 29/11/2023
Now playing Next 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. 16/11/2023
Now playing Next 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. 25/09/2023
Now playing Next Markets Uncertainty in Europe as oil prices keep climbing Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year. 15/09/2023
Now playing Next Business Greek shipping company fined $2.4 million for violating Iran sanctions The now-public case against Greece's Empire Navigation, which faces three years of probation under the plea agreement, marks the first public acknowledgement by US prosecutors that the US seized some 1 million barrels of oil from the tanker Suez Rajan. 07/09/2023
Now playing Next Green News 'Selfish': UK to grant 100 new licenses for oil and gas exploration Britain's government says the move will improve energy security, while new carbon capture and storage projects will create tens of thousands of jobs. 31/07/2023
Now playing Next Europe News EU imports of Russian oil plunge by 90% as a result of sweeping bans It's official: the European Union is no longer the top client of Russian oil. 19/06/2023
Now playing Next Green News The UN is racing to prevent one of the worst oil spills of all time Eight years after the Safer super tanker got stranded in the Red Sea, the UN has reached a 'critical milestone' for averting disaster. 31/05/2023
Now playing Next Russia Where is Russia exporting its oil post EU sanctions? Russia recently exported more oil than at any other time following its invasion of Ukraine last year. 31/05/2023
Now playing Next World News Greenpeace activists occupy vessel carrying Shell oil platform Activists from environmental group Greenpeace boarded a vessel contracted to Shell as it sailed in the Atlantic Ocean on Tuesday, demanding that the Anglo-Dutch oil giant "stop drilling and start paying". 07/02/2023