Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Friday 1 December 2023 Dublin: 2°C

# Oil

This year
Hundreds protest in London against Rosebank oilfield approval
Rishi Sunak said that using every last drop of oil in Scotland’s North Sea was “absolutely the right thing to do”.
Nothing is certain with Barryroe as saga of oil field drags on
Of the existing oil exploration licences, Barryroe had looked by far the most likely to actually happen.
Climate change protesters delay Shell AGM for over an hour trying to storm stage
The annual meeting was delayed more than an hour as protesters shouted, sang and chanted.
Oil giant Saudi Aramco reports €29 billion profit in first quarter of year
The company blamed the fall on lower global oil prices.
Shell makes nearly €1.6 billion more than expected in first three months of 2023
The oil giant joins rival BP in revealing expectation-beating results this quarter.
Oil giant Saudi Aramco reports 46% jump in profits, up nearly €151 billion last year
The firm, known formally as the Saudi Arabian Oil Co, said in its annual report that higher crude oil prices propelled its profits.
John Gibbons: Shell made record profits as the planet burns - welcome to the toxic oil industry
The environmental campaigner questions how a global fossil fuel giant can record its highest profits ever in the shadow of a climate crisis.
Focus must be on lower emissions, says heavily criticised UAE's climate talks leader
Sultan Al Jaber’s appointment earlier this week to head COP28 drew fierce criticism from environmental activists.
Last year
Opec maintains oil targets amid uncertainty over Russian sanctions
The decision was made at a meeting of oil ministers a day ahead of the planned start of two measures designed to hit Russia’s oil earnings.
Zelenskyy criticises $60 price cap level on Russian oil as 'not serious'
The price cap will come into effect with an EU embargo on Russian crude oil from Monday.
Saudi Arabia, UAE say oil demand not going away, days before COP27 climate talks
Fossil fuels account for 75 percent of the world’s greenhouse gas emissions, according to the United Nations.
Just Stop Oil protesters glue themselves to tarmac at central London junction
Police confirmed 16 protesters have been arrested and that the roads have since been reopened
17 missing and 121 injured after lighting strike causes fire at Cuban oil depot
Cuban authorities said an unidentified body had been found late last night.
Taoiseach says he doesn't anticipate fuel rationing in coming months
He said the Government’s immediate concern is the continuing price impact the energy crisis is having on people.
Oil giant BP triples its profits to $9.3 billion on last year despite exit from Russia
BP is the latest energy firm to post bumper earnings as oil and gas prices have soared following Russia’s invasion of Ukraine.
Explainer: What will the EU agreement to ban Russian oil mean for member states?
The move will cut around 90% of oil imports from Russia to the EU.
EU considers compromise to break deadlock on Russian oil embargo
The latest round of proposed sanctions has been blocked by Hungary, which has no access to seafaring oil cargo ships.
EU proposes 300 billion-euro roadmap to ditch Russian energy
The investment initiative is meant to help the bloc start weaning itself off Russian fossil fuels this year.
Russia to cut electricity to Finland as tensions rise over Nato bid
Sergei Lavrov has accused the EU of transforming from a “constructive, economic platform” into an “aggressive, militant player”.
Sergei Lavrov has accused the EU of transforming from a "constructive, economic platform" into an "aggressive, militant player"
Kyiv has admitted it is unlikely to become a Nato member - but has forged ahead with an application to join the EU
Russian forces have been accused of committing atrocities - including the killing of unarmed civilians, torture and rape
Kremlin warns of retaliation after Finland seeks to join Nato
Russia continues assault on east Ukraine as Finland moves towards joining Nato
Europe must 'turn off tap of money' going to Russia for oil and gas, Eamon Ryan says
The European Commission is proposing a new package of sanctions to punish Russia for its invasion of Ukraine.
Recession brought on by energy crisis would 'hit Ireland early and hardest', MEP warns
EU ministers today discussed plans for a possible oil embargo to punish Moscow for invading Ukraine.
Government rules out turning away Russian oil from Dublin Port
The tanker is landing in Dublin Port today.
US bans Russian oil imports and UK to phase them out over invasion of Ukraine
Joe Biden said the ban on Russian oil was decided ‘in close consultation’ with US allies.
All time
Gas prices soar as Germany halts Nord Stream 2 approval
European gas prices jumped about 10% on the announcement
'An environmental catastrophe': California beaches closed as major oil spill kills wildlife
Dead birds and fish have begun washing up on the shore.
'The gates of hell opening up': What caused the massive Gulf of Mexico fire?
Footage of the inferno went viral over the weekend.
Joe Biden suspends oil leases in Alaska’s Arctic refuge
It follows a temporary moratorium on oil and gas lease activities imposed by the US president on his first day in office.
The price of oil has plummeted to less than zero dollars a barrel
Storage space for oil is now running out, which precipitated today’s steep dive.
Money from drivers paying 2c levy on petrol will soon be used for government climate action plans
The levy has been paid on petrol, oil and diesel since 1996.
'They're taking 2c off us that they don't need': Drivers paying levy on petrol that is no longer needed, committee hears
The levy has been paid on petrol, oil and diesel since 1996.
Iranian president warns foreign forces to stay out of the Gulf
It comes as the United States sends more troops to the region in a defensive capacity.
Trump announces Iran sanctions as US sends more troops to Gulf
The US President said the sanctions were the toughest ever against another country, but indicated he did not plan a military strike.
Trump to be given several military options on Iran amid fears of 'all-out war'
The US President will be presented with a list of potential airstrike targets, among other possible responses.
Iran seizes suspected fuel smuggling boat as tensions ratchet higher in the Gulf
A naval patrol of the Islamic Revolutionary Guard Corps intercepted the vessel.
Oil prices soar and Trump says US 'locked and loaded' after attack on Saudi facilities
Iran has denied allegations it is behind the attack.
Eamon Ryan says he'll 'eat his hat' if new licences for gas exploration aren't stopped within a year
He said new licences would not be countenanced in any future negotiations on a programme for government.
US accuses Iran of being behind attack on two oil tankers in the Gulf
The suspected attacks come amid spiralling tensions between Tehran and Washington.
Saudi oil tankers among ships targeted by 'sabotage attacks'
The ships suffered “significant damage” but none of the crew members were harmed.
Opinion: Ireland is wrong about Venezuela - US regime change never brings improvement
‘An impressive spin campaign has been waged to create an illusion that all ‘civilised nations’ support regime change in Venezuela – similar to the ‘grand alliance’ which invaded Iraq’, writes Eilis Ryan.
This Young Scientist project is turning algae into pints of the black stuff (crude oil, that is)
Greg Tarr has developed a more efficient method of making biofuel.