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Friday 9 May 2025

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Context on Energy
News Global stocks, oil rally on Greek plan; dollar falls

Stock markets rallied around the world on Tuesday while the U.S. dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone.

  • February 3, 2015
News Shell signs $11 billion deal to build petrochemicals plant in Iraq

Royal Dutch Shell (RDSa.L) signed a deal with Iraq on Wednesday worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, boosting the country's aim to become a major regional energy player and diversify its income.

  • January 28, 2015
News China urges India to take steps to satisfy standards of nuclear group

China called on India on Monday to take more steps to satisfy the standards of a global organization that controls atomic exports after U.S. President Barack Obama said the United States was in favor of India joining the group.

  • January 26, 2015
News Oil falls again as IMF cuts forecast; Iran hints at $25 oil

Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.

  • January 20, 2015
News Oil prices slip on Chinese data, record Iraq output

Brent crude oil prices fell below $50 a barrel on Monday after the global economic outlook darkened and Iraq announced record oil production.

  • January 19, 2015
News Oil slides but bets on ECB action lift Europe shares

Oil prices slid on Tuesday to their lowest in almost six years, but European shares rose as investors focused on expectations that policymakers would soon take action to prevent the euro zone slipping into deflation.

  • January 13, 2015
News No chance of OPEC output cut, even after oil dips below $50: Gulf delegates

Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, even though they dipped below $50 a barrel this week.

  • January 8, 2015
News Russia oil output hits post-Soviet high, small firms help

Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday.

  • January 2, 2015
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