Oil price tumbles after UAE official signals support for boosting production
10 March 2022 | 4:00 pm
Oil prices have plunged after the United Arab Emirates said it supported increasing production. Brent crude, an international benchmark, fell more than 17% at one point after the statement by the UAE, a member of the powerful oil cartel Opec.
France is considered one of the top destinations in the world for winter sports, known as "les sports d'hiver". They're a major part of the country’s tourism industry. Ski culture goes beyond the slopes, and like many things in France, it also involves a lot of food. But has skiing become too expensive? And how can resorts cope with climate change? In this episode of French Connections Plus, Florence Villeminot and Genie Godula slalom the ins and outs of the white gold that is French skiing.
New estimates show that the oil spill was almost twice as big as previously thought. Repsol is facing a potential $34.5 million fine.
Nearly five acres of Ecuador's Cayambe-Coca National Park have been polluted after an oil pipeline burst. The government has vowed legal consequences for the company involved in the disaster.
The oil spill in the Amazon is spreading. On Friday, a landslide in Ecuador damaged a pipeline. Large quantities of oil have leaked out and threaten to poison the water supply of the local population.
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Ministers from the OPEC+ group of oil-producing countries are meeting on Wednesday to discuss supply levels, as prices have soared to their highest since 2014. The 23 states are responsible for more than 40 percent of global oil production. Prices have jumped in recent months, as supply has failed to keep pace with demand. OPEC+ has been gradually increasing production since July, but the group is coming under pressure from countries including the US to go further. We take a closer look.
Israel's president has made his first ever visit to the United Arab Emirates. The trip is symbolic of a rapprochement between the two countries. Isaac Herzog met with Abu Dhabi's crown prince on Sunday to discuss cooperation in trade, technology and health. The trip follows a visit by Naftali Bennett last month, a first by an Israeli prime minister.
An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday (February 2) with 10 crew members on board though it was unclear if there were any casualties or how much crude might have spilled into the sea.
We take a look at the business of this year's Winter Olympics. A report suggests the true cost is 10 times more than the official $3.9 billion price tag, but Beijing is banking on other benefits. Also, Amazon reports another strong sales quarter, with its advertising business playing an increasingly significant role.
Nigerian civil servant and mother of four Grace Ekang has been having chest pains lately, and when she sneezes, black stains appear on her handkerchief. Inside her house in the Rivers state city of Port Harcourt, Ekang has noticed that the soot gathering on her floor is getting heavier. She and other residents blame this on illegal, makeshift oil refineries scattered across the Niger Delta.
Peru's government says an oil spill off the country's coast is twice as big as previously reported. 12,000 barrels of oil leaked into the sea at a refinery owned by the Spanish oil company Repsol. Lima has demanded compensation.
An oil vessel that exploded off the coast of Nigeria this week had not been maintained for some time and had technical issues, two sources and an environmental group said on Friday. as its wreckage lay in the sea after the fire was put out. The 10 crew members on board at the time of the explosion on Wednesday remained unaccounted for.
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