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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.

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Markets

Gloomy trading in the European markets as oil keeps climbing

Shares slide and crude oil prices bounce higher as Israel warns people in Iran's capital to evacuate.

Climate

Europe cuts methane emissions from coal mines for the first time

Most of the methane emissions from fossil fuels used in Europe are tied to imports, the report also finds.

Business

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

Markets

US markets: Tech stocks rise higher and investors watch earnings

The tech sector emerges as a champion in Monday morning trade as investors navigate the ever-changing tariff landscape and a myriad of earnings reports.

Earth News

Hungarian residents afraid to use wells after oil spill

After nearly 500 cubic metres of oil spilled from an old pipe, locals are demanding compensation and accountability from the Hungarian oil company.

Earth News

‘Doublespeak’: Greece greenlights offshore drilling beside marine park

Environmental lawyers say that the new concessions threaten endangered species in the biodiversity-rich Hellenic Trench.

Earth News

Climate groups file lawsuits to block Trump’s offshore drilling plans

Several climate advocacy groups claim that the US President's undoing of marine protections is illegal.

Ecotech

A father and daughter's fight to turn oil data into life-saving water

Unlocking seismic data could aid the search for fresh groundwater in Africa, where water scarcity affects two-thirds of the population.

Business

Eni launches supercomputer in bid to discover new oil and gas fields

With an estimated cost of over €100m, the supercomputer - known as the HPC6 - will be able to handle a number of artificial intelligence functions, as well as highly sophisticated calculations, with the help of nearly 14,000 graphics processing units (GPUs).

Markets

What could shape the markets in 2025? Here’s what the analysts think

After a year of new records on the stock market, 2025 is expected to bring more rallies. But what are the key factors that could move market sentiment in the new year?

Azerbaijan

Al Gore calls for reform of COP climate process

Former US vice-president now climate campaigner Al Gore said it is 'absurd' that the presidency of the UN climate talks is being repeatedly handed to petrostates, in an exclusive interview with Euronews.

Business

Shell wins landmark climate case - what does it mean for investors?

The current court decision does not mean that the oil giant will turn away from its green targets, but it will mean Shell can continue its present level of drilling.

Markets

Oil prices hit as Trump signals increasing support for more drilling

US President-Elect Donald Trump's enthusiasm for more oil drilling in the US is causing increasing volatility in oil prices, as investors worry about the possibility of oversupply.

Business

TotalEnergies' profits hit by lower refining margins in Europe

French energy company TotalEnergies announced its third quarter results, posting a sharply lower net profit, as its European refining margins continued to suffer.

Business

BP bows to investor pressure as it abandons plans to cut oil output

BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the more profitable fossil fuels sector. Environmental groups are angry.

Business

ING pledges to stop financing new upstream oil and gas projects

ING says it would no longer be offering finance to pure-play oil and gas companies for explorations or developments in new fields, as part of its move to help support the transition to green energy.