Bolivia
Congress ratifies $1.9 billion IMF deal to ease deep economic crisis
La Paz hopes the deal, awaiting final authorisation by the IMF’s executive board, will open other lines of finances from different institutions, like the World Bank, as the country works to restore its struggling credit status.
Economy
EU fuel prices hit records: ECB experts say diesel margins yet to peak
EU petrol and diesel prices hit record highs this week, according to the European Commission. Refining margins—the cost of turning crude oil into fuel—are partly to blame, and prices could remain elevated as ECB experts tell Euronews that diesel margins are expected to peak only in October.
Business
France: TotalEnergies pumps up controversy with cut-price fuel
TotalEnergies service stations are accused of distorting competition as they display France's lowest-priced fuel. Supermarkets that usually sell fuel as a loss leader to pull in customers are furious, along with independent service stations.
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Economy
Why is fuel expensive when crude oil hasn't hit record highs?
Pump prices could remain high in Europe, adding to inflationary pressure. The immediate problem is not just the supply or price of crude oil, but limited refining capacity, disrupted trade flows and shortages of finished fuels, particularly diesel.
Business
TotalEnergies ramps up refinery output to secure French fuel supply
TotalEnergies has maximised its output at the Gonfreville refinery to protect the French market from external supply shocks. The facility is operating at its limit to produce essential fuels as energy markets remain disrupted.
Europe News
EU to secure jet fuel from the United States amid shortage fears
EU Transport Commissioner Apostolos Tzitzikostas has said there are no indications of jet fuel shortages, but stressed the importance of acting quickly and appropriately. The use of emergency stocks is under consideration "if real supply issues arise".
Economy
Fuel taxes across Europe: Where do consumers pay the most?
Fuel prices across Europe are soaring, with taxes making up more than half of the cost at the pump in many countries. Euronews Business examines how differences in taxes mean motorists in some countries now pay far more at the pump than others.
