Thu, 04 Jun, 2020
Hopes that UK Prime Minister Theresa May could clinch a last-minute deal with the EU boosted sterling against the euro, as markets continued to predict that any Brexit involving Britain crashing out at the end of the month was most unlikely.
Mon, 11 Mar, 2019
It’s been a year of weather extremes. Floods have killed thousands in India and across Asia. Record hurricanes have wreaked havoc across the Caribbean and the US. Fires, driven by drought, lay waste to large parts of Portugal and California. Closer to home, unprecedented
Tue, 31 Oct, 2017
A new accord by the Organization of the Petroleum Exporting Countries (Opec) to extend its curb on output has not yet had its desired effect of driving up prices but the effect of earlier cuts may be paying off for the cartel, an Irish energy has said.
Fri, 26 May, 2017
Mon, 16 Jan, 2017
Irish-linked exploration stocks wavered yesterday after leading international energy research and consultancy group Wood Mackenzie warned most major conventional oil projects risk being delayed or cancelled if global prices remain at or below $50 a barrel.
Thu, 14 Jul, 2016
The oil market is now in balance thanks to unplanned outages and robust demand, particularly from emerging economies, but this equilibrium will tilt into surplus again early next year, the International Energy Agency (IEA) said yesterday.
Wed, 15 Jun, 2016
Saudi Arabia will only freeze its oil output if Iran and other major producers do so, the kingdom’s deputy crown prince said, challenging the country’s main regional rival to take an active role in stabilising the over-supplied global crude market.
Sat, 02 Apr, 2016
Oil prices might have bottomed out as production declines in the US and other non-Opec producers accelerate and an increase in Iranian supply has been less than dramatic, said the International Energy Agency.
Sat, 12 Mar, 2016
Thu, 25 Feb, 2016