With the oil price still soaring, the most influential figures in the world’s oil and gas industries are meeting in Madrid this week.
The World Petroleum Congress brings together energy ministers and company executives.
It is being held just one week after the summit of major oil producers in Saudi Arabia.
While the customer at the pump is struggling to make ends meet, the major oil companies including BP, Royal Dutch Shell, Exxon Mobil and Gazprom say they have to balance profits against customer accusations that they are cashing in.
Mass protests across Europe have seen fishermen dock their boats and truckers snarl up motorways in protest at crippling fuel costs.
The energy giants and petrol producers insist they are not to blame, putting the problem down to speculation.
- 1The nuclear waste site at the heart of Canada’s wildfires
- 2Brazil in crisis after leaked tape forces out interim President’s ally
- 3EgyptAir crash: suggestions of explosion on board ‘mere assumptions’ – official
- 4A handshake, a kiss and a hug at historic meeting of Catholic and Muslim leaders
- 5French union blockades spark petrol shortages
- 1EgyptAir crash: airline says Flight MS804 wreckage found
- 2Venezuela economy fractured with shortages of essentials across the country
- 3The nuclear waste site at the heart of Canada’s wildfires
- 4Crimean Tatars look for Eurovision boost on day of national tragedy
- 5Kazakh police break up anti-government protests
Latest world news
Violent clashes outside rally but Trump ever-confident of US election success
Death penalty sought for South Carolina church shooter
More fuel frustration as French pickets refuse to back down
Eurozone ministers agree “breakthrough” deal with Greece
Turkey warns EU migrant deal could collapse if visa-waiver isn’t speeded up
Wires > News
- 08:17 CET Euro zone hails ‘breakthrough’ with Greece, IMF debt deal
- 08:14 CET Islamic State “falsely claiming” attacks in Bangladesh
- 08:08 CET Vietnamese dissident a reluctant tourist during Obama visit
- 08:03 CET Australia immigration policy threatens to hijack election agenda
- 07:39 CET Afghan Taliban appoint new leader after Mansour’s death
- 07:30 CET Ten killed in suicide attack near Afghan capital
- 07:20 CET Insight: Philippine death squads very much in business as Duterte…
- 05:54 CET Japan PM to discuss Okinawa crime with Obama ahead of G7