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Business

Explainer: Why Chevron operates in Venezuela despite US sanctions

Chevron’s continued presence in Venezuela looks like an anomaly amid intensifying US sanctions. In fact, the contradiction is rooted in selective enforcement to maintain leverage over Caracas, as well as decades of oil politics.

Economy

Trump tightens oil sanctions on Venezuela with tanker blockade

By deploying naval forces to intercept sanctioned Venezuelan oil shipments, the Trump administration is pushing the enforcement of oil sanctions into uncharted legal territory, prompting concerns in Congress and among international law experts about escalation risks.

Ecotech

Depleted oil field to become Europe’s first offshore CO2 storage site

When the project begins commercial operations next year, it is expected to become the European Union’s first fully-operational offshore CO2 storage site.

Economy

Trump is open to sanctioning countries doing business with Russia

US lawmakers are drafting a bill that would sanction countries purchasing Russian oil and gas, aiming to choke off Moscow’s primary revenue stream as peace negotiations remain stalled.

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Earth News

One in 25 COP30 attendees is a fossil fuel lobbyist, analysis finds

Analysis finds 1,600 fossil fuel representatives at UN climate summit in Brazil, outnumbering almost every country delegation.

Markets

European markets rise, oil prices jump on OPEC+ decision

Key European stock indexes started the week with gains, boosted by the oil sector and expectations for a range of corporate earnings this week.

Economy

Orbán to press Trump for break on Russia oil sanctions

The Hungarian Prime Minister says dropping Russian oil would result in economic collapse, as Hungary imports more than four-fifths of its crude oil from Russia.

Earth News

Norway oil projects face stricter climate scrutiny after court ruling

The case worked its way through European legal systems for nearly a decade before the ruling.

Economy

How long can the Russian economy continue to fund the frontline?

The Russian economy is balancing on the edge of recession, yet the war could go on for years. Its financing appears to have no immediate major obstacles, according to experts.

Markets

Oil prices jump after OPEC+ announces modest monthly output hike

Analysts forecast that the rise may be short-lived as soft demand threatens a supply glut.

Earth News

Fossil fuel plans threaten Paris Agreement goals, new report warns

A new report highlights how governments’ fossil fuel production plans contradict climate commitments.

Russia

Expert: Kyiv 'hit nail on the head' with strikes on Russian oil sites

Kyiv’s strategy to strike the Russian oil industry is “the most efficient thing Ukraine can do” to hurt Moscow's war machine. Still, it will not break the army and will not stop Moscow’s war, Russian economist Vladislav Inozemtsev told Euronews.

Europe News

Loopholes in ship flagging system undermine sanctions on Russia

As unchecked flagging of ships continues to enable global sanctions evasion, governance must be "radically improved," says a new report by the Royal United Services Institute (RUSI).

Lithuania

Scheme to circumvent sanctions against Russia discovered in Lithuania

According to the investigation, the water treatment equipment was received by Russian oil industry enterprises.

Europe News

What could biggest oil discovery in Poland's history mean for Europe?

Euronews asked analysts if the huge oil and gas deposits discovered under the Baltic Sea offer Europe a chance to be less reliant on Russian energy.

Economy

Which countries will lose the most if tensions reignite around Iran?

Russia could benefit from an escalating situation in the Middle East, while China and Europe would see their economies suffer if the ceasefire between Iran and Israel fails to hold.

Economy

What would happen if the Strait of Hormuz were closed?

This narrow shipping route in the Gulf region sees one-fifth of global oil and liquefied natural gas (LNG) passing through, fuelling a big part of the global economy. And Iran controls its northern side.

Markets

Oil rises and Europe's markets open lower after US strikes on Iran

The price of oil rose and stock markets fell as investors reacted to the US strikes against nuclear targets in Iran.

Economy

Energy in Europe is also at stake as Israel-Iran conflict escalates

As the Israel-Iran conflict escalates further, there is a mounting fear that natural gas fields are going to be targeted — as well as oil shipping routes. Europe’s liquefied natural gas supply would be seriously impacted, along with its economies.

Earth News

Greenpeace warns of disaster after tanker crash near Strait of Hormuz

Greenpeace said it had reviewed satellite imagery that showed a plume of oil stretching up to about 1,500 hectares from the crash site.