EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports into the EU, Ukraine's energy shortages before winter and how to equalize energy prices among member states. In June, the EU approved a 14th set of…
EU Energy Ministers Discuss Ukraine Energy Crisis and Russian LNG
Officials said that EU energy ministers met on Tuesday in Luxembourg to discuss the rising Russian LNG imports and Ukraine's energy shortages before winter, as well as how to balance energy costs across member states. In June, the EU approved a 14th set of…
EU limits Chinese participation in hydrogen auctions by changing the rules
In a bid to reduce the EU's dependence on China for its renewable energy supply, new terms published by the European Union on Friday revealed that it had made changes to its rules regarding auctions of hydrogen grants. China is a major player in the solar and electric vehicle industries…
El Pais: Incoming EU Antitrust Chief Ribera plans on relaxing antitrust laws
According to a Thursday interview with the Spanish newspaper El Pais, Europe's new antitrust chief Teresa Ribera intends to relax competition rules in order to strengthen European industries. She also plans to speed up the regulatory scrutiny of mergers. Ribera's…
British Business – Sept 10,
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. BP engineers will now be required to take faster decisions based on AI-generated information about oil and natural gas exploration…
Oil Drops 3 pct, U.S. Supply Surges
Oil prices fell about 3 percent on Friday and were set for a second straight week of declines after disappointing U.S. job growth revived concerns about a slowing global economy and weaker demand for oil.With surging U.S. oil supply also unsettling markets…
Oil Edges Up
Oil prices edged higher on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by falling stock markets and renewed concerns over demand growth.Brent crude futures gained 26 cents, or 0.4 percent, to $66.25 a barrel by 11:43 a.m.
Oil Slips as Market Focus Looks to Jackson Hole
Dollar up ahead of central bankers' meeting; tropical depression heads towards U.S. oil facilities. Oil prices slipped on Thursday, giving up some recent gains as the dollar strengthened ahead of a meeting of central bankers in Jackson Hole, Wyoming, which could signal changes to monetary policy.
Crude Drops; shares Flat with Eyes on Central Banks
Brent crude drops below $40 a barrel. A gauge of stocks across the globe ticked up on Monday, with Wall Street buoyed by consumer stocks and Europe up on a positive view of the auto industry. Oil prices fell as Iran dashed hopes of a coordinated production freeze any time soon…
Stocks, Oil Rally; Cold Snap Supports Energy Demand
Oil prices and world stock markets jumped on Friday, providing some relief to bruised investors as frigid weather across the United States and Europe boosted energy demand. Brent crude oil, which tumbled in recent weeks on worries about oversupply, settled…
Shares Rise, Euro Slumps as ECB Hints at Fresh Stimulus
Stocks in major markets gained on Friday, with the benchmark U.S. index poised for its best week in a year, while the euro lost ground against the dollar as Europe's central bank said it was ready to act quickly to boost inflation. U.S. crude dipped to its…
Brent Oil Hits Lowest Since August; Dollar Dips
Brent crude oil prices hit their lowest since late August on Wednesday on worries about growing U.S. stockpiles, while the U.S. dollar took a breather from recent gains. U.S. stocks were mostly lower in choppy trading, with the drop in oil prices weighing on energy shares. European shares ended up 0.7 percent.
Deflation? Oil Rebound Could be Next Headache
Markets, policymakers taken by surprise; 2016 inflation could be significantly higher. Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. Since then, Brent crude futures have risen 45 percent.
Oil Pares Gains after ECB Bond Decision
Oil prices slip after ECB QE program decision. ECB to buy 60 bln euros of government bonds each month. Oil prices pared gains on Thursday after the European Central Bank (ECB) said it would start buying government bonds, a move which could push the dollar to new highs and put downward pressure on commodities.
Euro and Oil Resume Fall
The euro fell on Friday, continuing the slide that saw the currency finish out 2014 at a 29-month low against the U.S. dollar, on expectations that the European Central Bank will soon embark on outright money-printing. Crude prices fell in a volatile session, while equities as measured by a global index lost ground.
ECB's Draghi Seizes on Oil Price Drop in QE Calculus
The falling price of oil has crashed into the European Central Bank's policy considerations, with President Mario Draghi firmly focused on the drop as a problem for inflation rather than a potential fillip for growth. The ECB said cuts in its inflation forecasts mainly reflected lower oil prices…
ECB's Draghi Concerns of Lower Oil Price on Euro Zone Economy
European Central Bank President Mario Draghi said on Thursday the falling price of oil would have mixed impact on the euro zone, boosting the economy by removing costs but also dragging down already-weak inflation. He expressed concern that the lower price might become "embedded" in lower wages.
Oil Drops Under $92 as Supply Glut Grows
Oil prices fell to their lowest level since June 2012 on Thursday, after price cuts from top producer Saudi Arabia added to supply glut worries and weak global economic data. Oil declined alongside European stocks as the European Central Bank left interest rates unchanged on Thursday, as expected.
Brent crude oil futures rise as European demand seen higher
Brent crude oil futures rose and U.S. crude oil pared losses on Thursday in choppy trading as the euro and dollar reacted to the European Central Bank's (ECB) interest rate cut and investors anticipated growing oil demand in Europe. The dollar initially strengthened…
