Russian oil output falls below 10m bpd Russian oil and gas condensate production fell below 10 million barrels per day (bpd) on Monday to its lowest since July 2020, two sources familiar … Business • 12 Apr
Not possible to replace potential Russia oil loss: OPEC OPEC told the European Union that current and future sanctions on Russia could create one of the worst ever oil supply shocks and it would … Business • 12 Apr
Oil dives 4%, below $100 on reserves release Oil prices fell about 4% today, with Brent crude tumbling below $100 a barrel on plans to release record volumes of crude and oil products … Business • 11 Apr
IEA to release 120 million barrels of oil over 6 months The International Energy Agency (IEA) has listed members' contributions to a 120-million-barrel release of crude and oil products from emergency stockpiles aimed at cooling global … Business • 08 Apr
Ireland to release 451,000 barrels from oil reserves Ireland is to release an additional 451,000 barrels of oil from the national oil reserves, as part of an agreement with other International Energy Agency … Business • 07 Apr
Oil falls on uncertainty over Russia sanctions Oil prices fell $2 after rising earlier in the session today amid uncertainty that the eurozone will be able to effectively sanction Russian energy exports, … Business • 07 Apr
Shell writes down up to $5 billion after Russia exit Shell will write down up to $5 billion in the first quarter as a result of its decision to exit Russia, higher than previously disclosed, … Business • 07 Apr
Who is buying Russian crude oil and who has stopped Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but the European Union remains … Business • 06 Apr
Oil jumps toward $108 as supply fears persist Oil jumped about 4% to over $108 a barrel today, as mounting civilian deaths in Ukraine increased pressure on European countries to impose sanctions on … Business • 04 Apr
Oil release agreed by IEA members Member countries of the International Energy Agency agreed to their second coordinated oil release in a month to calm markets roiled by Russia's invasion of … Business • 01 Apr
Biden to release of 1m barrels of oil a day President Joe Biden has launched the largest release ever from the U.S. emergency oil reserve and challenged oil companies to drill more in an attempt … Business • 31 Mar
Oil up on tight supply, prospects of Russia sanctions Oil prices soared about 4% today on supply tightness with another US crude stock drawdown, and the growing prospect of new Western sanctions against Russia … Business • 30 Mar
Oil slips as Kazakh supply concerns ease Oil prices slipped today, with some supply concerns easing after a partial export resumption from Kazakhstan's CPC crude terminal, while the European Union remained split … Business • 25 Mar
Diesel shortage in Europe threatens economic growth European economies face the risk of a shortage of diesel, the preferred fuel for heavy industry, as sanctions on Russian energy threaten to disrupt imports … Business • 24 Mar
Oil prices fall as US, allies consider further releases Crude prices fell today as the US and its allies discussed a possible further coordinated release of oil from storage to help calm energy markets … Business • 24 Mar
Oil jumps in volatile trade amid pipeline disruption Oil prices rose in volatile trading today, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Business • 23 Mar
EU split on Russia oil sanctions The European Union's foreign ministers have disagreed on whether and how to slap sanctions on Russia's lucrative energy sector over its invasion of Ukraine, with … Business • 21 Mar
Oil surges after IEA warns of shortfall in supply Oil prices climbed 6% today after the International Energy Agency said three million barrels a day (bpd) of Russian oil and products could be shut … Business • 17 Mar
Eni suspends the purchase of oil from Russia Italian energy group Eni has suspended the purchase of oil from Russia following its invasion of Ukraine and is watching developments closely with regards to … Business • 10 Mar
UK to phase out import of Russian oil by end of 2022 Britain will phase out Russian imports of oil and oil products by the end of 2022, business minister Kwasi Kwarteng has said, calling on businesses … Business • 08 Mar
Shell to stop buying Russian crude oil, issues apology Shell has today apologised for buying Russian crude oil last week and said it would withdraw completely from any involvement in Russian hydrocarbons over the … Business • 08 Mar
Ireland to release 222,000 barrels of oil from NORA In a statement to RTÉ News this afternoon, the Department of the Environment, Climate and Communications confirmed that Ireland will release 222,000 barrels of oil … Business • 07 Mar
Oil price spikes to $139 on talks about Russia oil ban Oil prices jumped today to their highest levels since 2008 as the United States and European allies considered banning Russian oil imports, while it looked … Business • 07 Mar
'Substantial' fuel price rise on the way to forecourts Forecourt retailer, Applegreen, has confirmed that its business customers who use fuel cards have been informed of 'substantial' price increases for petrol and diesel, effective … Business • 04 Mar
Wheat and oil hit multi-year highs on supply woes Commodity markets extended their strong runs today, with aluminium, coal and palm oil all hitting new records while crude oil and wheat scaled multi-year highs … Business • 03 Mar
