oil

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

expensive to heat
Lisa Foley: How the electricity market works in Ireland
Cornwall Insight principal consultant Lisa Foley explains the forces affecting the prices we pay, and predicts a short-term fall in prices, but a longer-term rise towards the end of this decade

Sun, 05 May, 2024

Zenith sells Cork and Dutch oil terminals for €170m
Zenith sells Cork and Dutch oil terminals for €170m
Most recent accounts filed by Zenith Energy Bantry Bay Terminal Ltd show the firm earned revenues of €20.8m in 2022, delivering a €1.3m profit.

Sun, 21 Apr, 2024

UK Continental Shelf report
Crude oil slides more than $1 a barrel amid Gaza ceasefire hopes
Brent crude futures fell by 1.8% to $89.57 a barrel as investors focus on Israel’s decision to withdraw more troops from southern Gaza

Mon, 08 Apr, 2024

Aramco says it will not increase oil production beyond 12m barrels per day
Aramco says it will not increase oil production beyond 12m barrels per day
Saudi Arabia’s oil giant Saudi Aramco said on Tuesday that it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country’s energy ministry.

Tue, 30 Jan, 2024

Saudi Arabia extends cut in oil it sends to world in bid to boost prices
Saudi Arabia extends cut in oil it sends to world in bid to boost prices
Saudi Arabia will extend a cut in the amount of oil it sends to the world after a series of reductions by members of the Opec+ alliance of major producing countries failed to prop up prices.

Thu, 30 Nov, 2023

UK Continental Shelf report
Crude oil hovers at $80 a barrel as Opec+ prepares to meet
Investors are waiting for Thursday's meeting of the producers group, and the anticipated curbs on oil supplies next year

Mon, 27 Nov, 2023

Oil and gas industry facing 'moment of truth' on clean energy
Oil and gas industry facing 'moment of truth' on clean energy
Fossil fuel companies currently account for just 1% of clean energy investment globally and 60% comes from just four firms.

Thu, 23 Nov, 2023

Just Stop Oil protest
Five charged after Just Stop Oil protesters disrupt West End show
The performance at the Sondheim Theatre was brought to a halt at around 9pm on Wednesday, the Metropolitan Police said

Thu, 05 Oct, 2023

Fuel prices
Diesel supplies may become scarce as winter looms
The current crunch highlights a dilemma that nations have in phasing out oil refineries as they try to transition away from fossil fuels

Sun, 20 Aug, 2023

Europe Gas Inventories Are 90% Full. It Still May Not Be Enough
Europe's gas storage is 90% full, but this still may not be enough
Much depends on weather conditions as freezing temperatures could accelerate withdrawals from underground stockpiles

Fri, 18 Aug, 2023

Nodding donkey in the desert, Kingdom of Bahrain
Saudi Arabia extends oil production cut in bid to boost energy prices
Saudi Arabia has said it will extend its unilateral production cut of one million barrels of oil a day to the end of September in its effort to boost flagging energy prices.

Thu, 03 Aug, 2023

Climate activists paint over portrait of King in Scottish museum
Climate activists paint over portrait of King in Scottish museum
Two people from the group sprayed the painting in Edinburgh’s National Portrait Gallery with the words “The people are mightier than the lord”, at around 3pm on Wednesday

Wed, 26 Jul, 2023

Goodman makes move for appointment of examiner at Barryroe  
Goodman makes move for appointment of examiner at Barryroe  
Bid is set for a High Court hearing next week

Mon, 24 Jul, 2023

Saudi Arabia and Russia cut oil supply again in bid to boost prices
Saudi Arabia and Russia cut oil supply again in bid to boost prices
Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world in a bid to prop up prices, showing how two of the world’s largest oil producers are scrambling to boost income from the fossil fuel even as demand has weakened ...

Mon, 03 Jul, 2023

Norway approves 19 oil and gas projects
Norway approves 19 oil and gas projects
Norway has approved 19 oil and gas projects on the Norwegian continental shelf, saying the total investments are worth 19 billion US dollars.

Wed, 28 Jun, 2023

Oil spill from Shell pipeline contaminates farms and river in Nigeria
Oil spill from Shell pipeline contaminates farms and river in Nigeria
A new oil spill at a Shell facility in Nigeria has contaminated farmland and a river, upending livelihoods in fishing and farming communities in part of the Niger Delta. The region has long endured environmental pollution caused by the oil industry.

Mon, 26 Jun, 2023

Pakistan welcomes first shipment of discounted crude from Russia
Pakistan welcomes first shipment of discounted crude from Russia
The Pakistani government on Monday welcomed the arrival of the first shipment of discounted crude from Russia under a key deal between Islamabad and Moscow.

Mon, 12 Jun, 2023

Fuel prices
Saudis to cut crude oil output amid effort to halt fall in prices
Saudi energy minister Prince Abdulaziz said Riyadh's cut of 1m barrels per day could be extended beyond July if needed

Sun, 04 Jun, 2023

Just Stop Oil protests
Paint thrown over Chelsea Flower Show garden in Just Stop Oil protest
The Metropolitan Police said three people were arrested on suspicion of criminal damage

Thu, 25 May, 2023

Fuel pump in a gas station.
European shares ease as oil stocks fall on demand concerns
Energy stocks had clocked their biggest one-day gain since November on Monday after Opec+ announced voluntary production cuts of 1.66m barrels per day from May until the end of 2023

Tue, 04 Apr, 2023

Oil well pump jack, with Liquid Natural Gas plant in background, near Estevan, Saskatchewan, Canada
Saudi Arabia risks angering US as it announces cut in oil production
It described the move as a “precautionary measure” aimed at stabilising the oil market

Sun, 02 Apr, 2023

Russia says it will cut oil production over Western price caps
Russia says it will cut oil production over Western price caps
Russia will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine, deputy prime minister Alexander Novak said, according to multiple Russian news media reports.

Fri, 10 Feb, 2023

Oil rigs - Cromarty Firth
'Big Oil' doubles profits in year shaped by Ukraine and inflation 
Surge in profits gave companies scope to increase spending on oil and gas projects, and a chance for some to rethink energy transition strategies

Wed, 08 Feb, 2023

Climbers in Ireland
Wholesale gas prices turn higher across Europe as temperatures plummet
European natural gas prices rose as plummeting temperatures across the continent boost consumption and test fragile energy systems.

Tue, 06 Dec, 2022

General view of Grangemouth oil refinery
Oil prices rise as EU’s cap on Russian crude comes into effect
The move is part of increased pressure by the West over the Kremlin’s invasion of Ukraine.

Mon, 05 Dec, 2022

OPEC Oil Prices
Opec maintains oil targets amid uncertainty over Russian sanctions
The Saudi-led Opec oil cartel and allied producers including Russia have not changed their targets for shipping oil to the global economy amid uncertainty over the impact of new western sanctions against Russia that could take significant amounts of ...

Sun, 04 Dec, 2022

OPEC Oil Prices
Opec+ oil producers face uncertainty over Russian sanctions
The Saudi-led Opec oil cartel and allied producing countries, including Russia, are expected to decide how much oil to supply to the global economy amid weakening demand in China and uncertainty about the impact of new western sanctions against ...

Sun, 04 Dec, 2022

Russia Oil Price Cap
Russia rejects 60 dollar-per-barrel cap on its oil and warns of cut-offs
Russian authorities have rejected a price cap on the country’s oil set and threatened to stop supplying the nations that endorsed the cap.

Sat, 03 Dec, 2022

Russia Oil Price Cap
EU backs 60 dollar-per-barrel price cap on Russian oil
After a last-minute flurry of negotiations, the EU presidency, held by the Czech Republic, said in a statement that “ambassadors have just reached an agreement on price cap for Russian seaborne oil”.

Fri, 02 Dec, 2022

Just Stop Oil protesters Vincent Van Gogh court case
Lawyer tells trial Van Gogh painting ‘may have increased in value after protest’
The prosecutor said the painting, which is worth “millions” was not damaged but the “valuable” frame was.

Tue, 22 Nov, 2022

Brexit
EU ministers to meet over gas price cap
plans to approve the latest set of emergency measures to mitigate an energy crisis risk being eclipsed, by disagreements over whether and how to cap gas prices.

Tue, 22 Nov, 2022

John Whelan: Imminent EU ban on Russian oil shipments could cause havoc on world markets
John Whelan: Imminent EU ban on Russian oil shipments could cause havoc on world markets
Major shipping firms say the sanctions, without a cap below which Russian oil can be insured for shipping to non-EU countries, could paralyse global trade

Mon, 07 Nov, 2022

Just Stop Oil protest
Just Stop Oil to pause protests but threatens escalation after Friday
Campaign group Just Stop Oil said it will pause disruption after 32 days of protests to give the British government time to “consider their responsibilities to this country”.

Tue, 01 Nov, 2022

Just Stop Oil protest
Arrests made after Just Stop Oil activists spray orange paint on London buildings
Activists have sprayed orange paint on buildings in central London, demanding that the Government halts all new oil and gas licences and consents.

Mon, 31 Oct, 2022

Fuel prices
Saudi and UAE back Opec cuts as US envoy warns of ‘uncertainty’
Saudi Arabia and the United Arab Emirates have defended a decision by Opec and its allies to cut oil production, even as an American envoy warned of “economic uncertainty” ahead for the world.

Mon, 31 Oct, 2022

Just Stop Oil protesters target Ferrari and Bentley showrooms
Just Stop Oil protesters target Ferrari and Bentley showrooms
Just Stop Oil activists have sprayed paint on the facade of two luxury car showrooms in central London.

Wed, 26 Oct, 2022

Cork climate activist faces UK court over protest at oil terminal
Cork climate activist faces UK court over protest at oil terminal
Orla Murphy, 21, said she was on the pipework at Nustar Clydebank oil terminal near Glasgow and was involved in the protest for 36 hours.

Mon, 24 Oct, 2022

Four arrested after waxwork of King Charles is smeared with chocolate cake
Four arrested after waxwork of King Charles is smeared with chocolate cake
The Just Stop Oil activists bought tickets for the attraction just after 10.30am on Monday, stepped over the barrier and appeared to smear the model with cake.

Mon, 24 Oct, 2022

Biden
Joe Biden to release 15 million barrels from US strategic oil reserve
It completes the release of 180 million barrels authorised by Mr Biden in March that was initially supposed to occur over six months

Wed, 19 Oct, 2022

Just Stop Oil protest
Three climate activists appear in court after soup thrown over Van Gogh painting
Three Just Stop Oil climate activists have appeared in court over protests – which included soup being thrown over Van Gogh’s Sunflowers painting.

Sat, 15 Oct, 2022

Just Stop Oil protest
Pair in court accused of criminal damage to frame of Van Gogh’s Sunflowers
The Metropolitan Police said 28 arrests were made in total in relation to protests in central London on Friday.

Sat, 15 Oct, 2022

Just Stop Oil protest
Two protesters arrested after throwing soup on Van Gogh’s Sunflowers
Two Just Stop Oil supporters have been arrested after throwing tinned soup at one of Vincent van Gogh’s most famous paintings to protest against fossil fuels.

Fri, 14 Oct, 2022

Energy costs
EU considers Covid-style joint debt to cushion energy crisis impact
Larger EU members, such as Germany, are not convinced the idea is prudent

Tue, 04 Oct, 2022

Russia Ukraine War Oil Price Cap
Yellen discusses Russia oil price cap as Chancellor Nadhim Zahawi visits US
US Treasury Secretary Janet Yellen has warned that a failure to place a price cap on Russian oil would hurt the global economy.

Wed, 31 Aug, 2022

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Mick Clifford
Mick Clifford

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