OPEC+ to ease oil output cuts from next month OPEC+ has agreed to gradually ease its oil output cuts from May, after the new US administration called on Saudi Arabia to keep energy affordable ... Business • 02 Apr
Panoro to buy African oilfields from Tullow for $180m Tullow Oil has agreed to sell stakes in some of its non-operated offshore oilfields in Equatorial Guinea and Gabon to smaller Africa-focused rival Panoro Energy ... Business • 10 Feb
Lockdowns depress demand for oil OPEC sees plenty of downside risks for oil markets in the first half of 2021, its secretary general said, before meeting allies led by Russia ... Business • 04 Jan
Shell launches major cost-cutting drive Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash ... Business • 21 Sep 20
Aviation crisis to affect oil demand until 2022 - IEA Oil demand is recovering from the greatest fall in its history in 2020, the International Energy Agency said today. Business • 16 Jun 20
Cushing oil storage hub almost at full capacity The sleepy town of Cushing in Oklahoma made headlines last week when the price of oil dropped to below $0 a barrel. Business • 28 Apr 20
Oil falls 4% towards $28 on oversupply concerns Oil fell by over 4% towards $28 a barrel, pressured by reports of persistent oversupply and collapsing demand due to global coronavirus-related lockdowns and a ... Business • 15 Apr 20
Plans to cut oil output gather momentum Top oil nations pushed to finalise a deal on sweeping oil cuts at G20 talks to lift prices slammed by the coronavirus crisis with Russia ... Business • 10 Apr 20
Bord Gáis Energy index slumps 37% due to oil price drop The Bord Gáis Energy Index fell by 37% in March due to an unprecedented drop of 55% in oil prices as Covid-19 spread to every ... Business • 07 Apr 20
Oil held in storage at sea approaching 2009 record Oil traders are storing as much as 80 million barrels of oil on tankers at sea, with further ships being sought as land storage sites ... Business • 02 Apr 20
Foreign exchange volatility surges as dollar falls The dollar fell 3% against the Japanese yen and commodity-linked currencies tanked today, as a 30% crash in oil prices and tumbling stock markets panicked ... Business • 09 Mar 20
Wall St plunges after oil shock, trading halted Wall Street's main indexes dropped 7% and the Dow Jones crashed 2,000 points in what would be its biggest one-day fall ever in opening trade ... Business • 09 Mar 20
Oil prices down 30% on Saudi moves, virus fears Oil prices plummeted around 30% today after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next ... Business • 09 Mar 20
BP deepens emissions targets as CEO 'reinvents' firm BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul ... Business • 12 Feb 20
Oil edges down as traders assess China's oil demand Oil prices dipped today on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would ... Business • 10 Feb 20
Oil and gas prices fall by 11% in January - Bord Gáis Energy prices fell by 10% in January as the coronavirus outbreak in China added to the already weak sentiment in energy markets. Business • 07 Feb 20
Tullow Oil plans to cut third of workforce - source Tullow Oil plans to cut a third of its staff to save about $20m, a source with direct knowledge of the matter has said. Business • 05 Feb 20
BP's Looney goes all-in on climate goals Incoming BP chief executive Bernard Looney plans to expand the company's climate targets and is considering overhauling the structure of the oil and gas major ... Business • 22 Jan 20
Incoming BP CEO won't take up Rosneft board seat Incoming chief executive Bernard Looney will not take up either of BP's seats on the board of Rosneft when he takes over in February because ... Business • 19 Dec 19
Saudi oil firm Aramco raises $26bn in largest ever IPO Saudi Arabia's state oil company Aramco launched its initial stock offering today, pricing at the high end of the target range and raising $25.6 billion. Business • 05 Dec 19
Tullow Oil cuts 2019 oil production guidance Tullow Oil has today cut its outlook for production and cash flow because of persistent problems in Ghana, while it also revealed that the quality ... Business • 13 Nov 19
Reduced oil demand pulled energy costs down in October Energy costs here fell by 4% in October, driven by weaker oil prices the latest Bord Gáis Energy Index has found. Business • 08 Nov 19
Oil and gas industry outlook 'unfavourable' The majority of firms in the Irish oil and gas industry consider the outlook for the next two years unfavourable after the Government announced plans ... Business • 30 Oct 19
Oil set for big weekly loss over demand worries Oil futures were higher ahead of the weekend but remained on track for large weekly losses on fears that slower global economic growth will hurt ... Business • 04 Oct 19
Oil prices fall as China's economic outlook still weak Oil slipped today as China's economic outlook remained weak even as manufacturing data improved, with the continuing trade war with the US weighing on demand ... Business • 30 Sep 19
