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  • Europe ends the week 3.4% lower as oil tumbles Friday, 15 Jan 2016 | 11:57 AM ET

    European markets finished deep into negative territory on Friday, as oil prices slumped below $30 per barrel.

  • Europe closes up despite oil; retail outperforms Tuesday, 12 Jan 2016 | 11:30 AM ET
    Oil workers drilling

    European equities gained on Tuesday, despite continued wariness surrounding low oil prices and China's economic slowdown.

  • BP CEO Bob Dudley pauses during a news conference at the company's headquarters in London.

    British oil firm BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.

  • Nestle fails in bid to quash child slavery suit Tuesday, 12 Jan 2016 | 5:14 AM ET
    Employees of a cocoa export company pile up sacks in a packaging factory in the Ivory Coast.

    The U.S. Supreme Court rejected a bid by Nestle and two other companies to throw out a lawsuit seeking to hold them liable for the use of child slaves.

  • Saudi Arabia not planning to offer shares in Aramco Sunday, 10 Jan 2016 | 10:37 PM ET
    A general view shows the Saudi Aramco oil facility in Dammam city, 450 kms east of the Saudi capital Riyadh, 23 November 2007.

    Saudi Arabia is considering selling shares in downstream subsidiaries but would not offer a stake in state oil giant Saudi Aramco.

  • European stocks finished in negative territory on Friday, in what has been a turbulent week for markets.

  • LONDON, Jan 7- Royal Dutch Shell has told investors its purchase of BG can work even if oil prices average $50 a barrel for two years, its lowest estimate to date as it seeks to secure shareholder support for the $51 billion deal amid plunging crude markets. When Shell announced the deal in April 2015, with oil trading around $55 a barrel, many investors saw it as a bold...

  • European markets closed sharply lower on Thursday, as further turmoil in China and a turbulent oil environment, rocked investor sentiment.

  • Europe ends down 1.3% on geopolitics; Brent slips 5% Wednesday, 6 Jan 2016 | 11:54 AM ET
    A sales assistant watches TV sets broadcasting a news report on North Korea's nuclear test, in Seoul, January 6, 2016.

    European markets closed sharply lower on Wednesday after geopolitical risks increased uncertainty among investors.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stock index futures pointed to a sharply lower open on Wednesday, weighed by declines in oil prices, continued concerns about China and fresh geopolitical worries from news out of North Korea.

  • Big oil to cut investment again in 2016 Sunday, 3 Jan 2016 | 6:20 AM ET

    At around $37 a barrel, crude prices are well below the $60 firms such as Total, Statoil and BP need to balance their books, a level that has already been sharply reduced over the past 18 months. Royal Dutch Shell has also announced a further $5 billion in spending cuts if its planned takeover of BG Group goes ahead. Global oil and gas investments are expected to fall to...

  • DUBAI, Jan 3- A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and should not further weaken oil prices, senior officials were quoted as saying. Oil Minister Bijan Zanganeh said Iran did not plan to exacerbate an already bearish oil market. Iran has repeatedly said it plans to raise oil output by 500,000...

  • DUBAI, Jan 3- A rise in Iran's crude oil exports once sanctions against it are lifted depends on future global oil demand and that should not further weaken oil prices, a senior Iranian oil official was quoted as saying. Oil prices are likely to come under further pressure this year, when international sanctions on Iran are due to be removed under a nuclear deal...

  • RIO DE JANEIRO, Dec 30- Brazil's Rio de Janeiro state, facing a budget shortfall caused in part by plunging oil prices, imposed new taxes on petroleum and natural gas on Thursday, a move critics say will slash investment in an already battered industry. Rio de Janeiro, responsible for 67 percent of Brazil's crude output and 40 percent of its natural gas, will charge a...

  • Europe ends lower in thin trade; oil stocks slip Monday, 28 Dec 2015 | 11:30 AM ET

    European equities finished lower in thin trade on Monday as oil prices fell.

  • NEW YORK, Dec 24- A fourth day of gains in oil prices helped lift European shares on Thursday, while an almost 1 percent drop against the euro this week took the shine off a strong 2015 for the dollar. Markets were subdued, with a number of major bourses, including those in Germany, Brazil, Norway closed entirely, while several other markets were set to close early for the...

  • LONDON, Dec 24- A fourth consecutive day of gains in oil prices helped lift European shares on Thursday, while an almost 1 percent fall against the euro this week took the shine off a strong 2015 for the dollar. Falling supplies and the lifting of a 40- year old ban on most U.S. crude exports pushed front-month West Texas Intermediate crude futures 32 cents higher at...

  • European shares propped up by rise in Britain's FTSE Thursday, 24 Dec 2015 | 3:58 AM ET

    *FTSE lifted by rise in commodity stocks. Britain's blue-chip FTSE 100 index rose 0.2 percent. In continental Europe, Spain's IBEX advanced 0.5 percent while France's CAC edged down 0.2 percent.

  • LONDON, Dec 24- European shares rose on Thursday, boosted by a rise in the shares of commodity companies which climbed on the back of a further rebound in oil prices. Britain's blue-chip FTSE 100 index rose 0.3 percent. In continental Europe, Spain's IBEX advanced 0.7 percent while France's CAC edged down 0.1 percent.

  • Europe ends 2.7% up on oil recovery; Miners soar Wednesday, 23 Dec 2015 | 11:30 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE).

    European markets accelerated gains on Wednesday to close sharply higher, as investors cheered the recovery in oil prices and mining stocks.