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Reducing costs is vital for Shell's plans to move into the power sector and renewables where margins are relatively low

Shell launches major cost-cutting drive

Business • 21 Sep

Grounded planes due to Covid-19 fears means the world will not return to pre-pandemic oil demand levels before 2022

Aviation crisis to affect oil demand until 2022 - IEA

Business • 16 Jun

Cushing is one of the major oil-storage hubs in the world

Cushing oil storage hub almost at full capacity

Business • 28 Apr

Oil prices are being pressured by persistent oversupply and collapsing demand due to global coronavirus-related lockdowns

Oil falls 4% towards $28 on oversupply concerns

Business • 15 Apr

Global fuel demand has plunged by around 30 million barrels per day

Plans to cut oil output gather momentum

Business • 10 Apr

Brent crude prices closed at an 18-year low of $22.7 a barrel in March, a drop of 55% over the month

Bord Gáis Energy index slumps 37% due to oil price drop

Business • 07 Apr

Daily tanker rates have rocketed to record highs of over $230,000 a day this week

Oil held in storage at sea approaching 2009 record

Business • 02 Apr

Dollar falls against the yen and euro in hectic trade today

Foreign exchange volatility surges as dollar falls

Business • 09 Mar

The Dow Jones crashed 2,000 points in what would be its biggest one-day fall ever in opening trade today

Wall St plunges after oil shock, trading halted

Business • 09 Mar

Saudi Arabia has slashed its official selling prices and set plans for a dramatic increase in crude production next month

Oil prices down 30% on Saudi moves, virus fears

Business • 09 Mar

BP's new chief executive Bernard Looney

BP deepens emissions targets as CEO 'reinvents' firm

Business • 12 Feb

Oil is off over 20% from peaks struck in January after the coronavirus hit demand in the world's largest oil importer

Oil edges down as traders assess China's oil demand

Business • 10 Feb

The coronavirus outbreak in China added to the already weak sentiment in energy markets

Oil and gas prices fall by 11% in January - Bord Gáis

Business • 07 Feb

Tullow expects its production to shrink to 75,000 barrels per day this year and to 70,000 bpd from 2021

Tullow Oil plans to cut third of workforce - source

Business • 05 Feb

Incoming BP chief executive Bernard Looney hails from Kerry

BP's Looney goes all-in on climate goals

Business • 22 Jan

Incoming BP chief executive Bernard Looney

Incoming BP CEO won't take up Rosneft board seat

Business • 19 Dec 19

Aramco pledged to pay $75 billion in dividends in 2020

Saudi oil firm Aramco raises $26bn in largest ever IPO

Business • 05 Dec 19

Tullow Oil has cut its 2019 oil production outlook

Tullow Oil cuts 2019 oil production guidance

Business • 13 Nov 19

Oil fell 3% in October

Reduced oil demand pulled energy costs down in October

Business • 08 Nov 19

Almost 80% of firms are not confident about the industry's medium-term future, according to the PwC Oil and Gas survey

Oil and gas industry outlook 'unfavourable'

Business • 30 Oct 19

Brent is set for a loss of 6.6% for the week, marking its largest weekly loss since December

Oil set for big weekly loss over demand worries

Business • 04 Oct 19

Weak Chinese data pulls oil prices lower

Oil prices fall as China's economic outlook still weak

Business • 30 Sep 19

Oil prices fall on weak Chinese data and fading Saudi supply concerns

Oil prices head for weekly loss as supply fears wane

Business • 27 Sep 19

Oil prices remain at comparatively elevated levels for the year in the wake of the September 14 attack in Saudi Arabia

Oil falls due to weak economic data, Saudi recovery

Business • 24 Sep 19

The Taoiseach said yesterday that the Government is planning to phase out oil exploration in Irish waters

Not easy to separate oil and gas exploration - IOOA

Business • 24 Sep 19

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